UPDATE 3-Canada again blocks Taseko copper-gold mine development

Wed Feb 26, 2014 10:55pm EST
 
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* Ottawa leaves door open for Taseko to submit new development proposal

* Taseko spokesman says decision will not kill project

* Taseko shares close up 4 Canadian cents

By Nicole Mordant

VANCOUVER, Feb 26 (Reuters) - Canada's government has blocked the development of a controversial copper and gold mine owned by Taseko Mines Ltd, the second time in just over three years that it has halted the mine plan.

The decision came after Environment Minister Leona Aglukkaq concluded that the New Prosperity mine project is "likely to cause significant adverse environmental effects that cannot be mitigated", a statement from the minister's office said.

However, Ottawa left the door open for Taseko, a small Canadian copper miner, to submit a new development proposal for the open-pit mine in south-central British Columbia.

"The government will continue to make responsible resource development a priority and invites the submission of another proposal that addresses the government's concerns," Aglukkaq said.

In making its decision, the federal government considered an October 2013 report from an independent review panel on the project and agreed with its conclusions that the mine plan poses significant threats to the environment and nearby communities.   Continued...