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(Alliance News) - Taseko Mines Ltd on Tuesday said it has struck an agreement with an indigenous nation as it looks to secure regulatory approval for the Yellowhead copper project in Canada.
"The agreement represents Taseko's commitment to recognize and respect the nation's inherent right to govern its lands, and the importance of assessing the project in accordance with its values, laws, and community aspirations to make an informed decision on the project," Taseko said.
Yellowhead is located in Kamloops, British Colombia. Taseko said added the project includes a 90,000 tonne per day open pit copper mine, with a 25-year life.
"Taseko is confident that a robust environmental assessment of Yellowhead, one which takes into consideration the full array of factors important to indigenous people and communities from Kamloops to Blue River, will result in a favourable regulatory decision. Advancing this project now is especially timely given the economic and human needs of the region and the province," Chief Executive Officer Russell Hallbauer said.
Taseko Mines closed untraded on Tuesday, last quoted at 27.50 pence each in London on Tuesday.
By Eric Cunha; ericcunha@alliancenews.com
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