Taseko’s focus has been on earthworks, concrete pouring, and wellfield drilling, achieving new milestones, such as the installation of structural steel and process equipment.
“With approximately 75% of total construction costs now committed, we expect total costs to be within 10-15% of the original $232 million estimate,” president and chief executive Stuart McDonald said in the update.
Getting to this point hasn’t been easy. Taseko faced initial opposition and legal challenges over fears of the mine’s environmental impact.
The US Environmental Protection Agency cleared the way in November last year, issuing the final permit required to begin construction at Florence.
Shortly after, Taseko secured additional fundings totalling $100 million for the proposed copper mine, supplementing the previous financings from its partner Mitsui as well as Bank of America.
When fully…
