Seeking Alpha

Canada rejects Taseko mine project on environmental grounds

  • Canada’s government has blocked development of Taseko Mines' (TGB -5.6%) proposed New Prosperity copper and gold mine in British Columbia, the second time in just over three years it has rejected the mine plan.
  • Canada's environment ministry says the project "is likely to cause significant adverse environmental effects that cannot be mitigated."
  • The decision could spell the death knell for the $1B project, which TGB has pursued for more than a decade.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs