Taseko Mines said its crews are preparing to return to the mine site after a tentative deal was reached for its union workforce at the Gibraltar copper-molybdenum in the Cariboo region of south-central British Columbia, Canada. Company president and CEO Russell Hallbauer said June 16 that operations should resume this week following planned voting and ratification of the new agreement.…
Read MoreTag: open-pit copper mine
Taseko’s Gibraltar mine idled in BC
A breakdown in talks with local union representatives is being cited for Taseko Mines’ decision to suspend operating at its Gibraltar copper-molybdenum in the Cariboo region of south-central British Columbia, Canada. “Collective bargaining with Gibraltar’s union representatives has been ongoing in recent weeks, and ended late yesterday without an agreement being reached,” the company said. “Gibraltar’s unionized workforce informed the…
Read MoreTaseko strikes deal for Gibraltar ownership
Canadian-based Taseko Mines has entered into a definitive agreement to acquire the remaining 12.5% interest in the Gibraltar copper-molybdenum mine in British Columbia from Dowa Metals & Mining and Furukawa. Under the terms of the deal, Taseko will acquire Dowa and Furukawa’s shares in Cariboo Copper for a minimum of C$117 million payable over a period of 10 years, plus…
Read More