Prosperity Mine Development Enters Environmental Assessment Review Stage
By 250 News
Wednesday, July 09, 2008 04:03 AM

Prince George, B.C. - Another mine has entered the environmental assessment review stage.
This one is the Prosperity project south west of Williams Lake.
Owned by Taseko, the Prosperity property is an $800 million Gold-Copper mine development. The President and CEO of Taseko, Russell Hallbauer, says he is hopeful the process won’t get bogged down “We urge the government to expedite this Environmental Assessment in a timely manner so we can move forward and provide similar benefits to the Cariboo from Prosperity as we presently contribute from our Gibraltar Mine."
Hallbauer says if there were a permit issued today for the Prosperity, his company would invest $800 million dollars creating 500 direct and 1,200 indirect jobs. “This one mine will add 0.3 percent to the Provincial GDP which is more than three times the output of the entire commercial fishing industry and larger than BC's film and television industry.”
Taseko currently employs 475 people at its Gibraltar mine north of Williams Lake.
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Secondly and most critically, the local Xeni Gwetin First Nation has not supported the mine from day one due to land claim and environmental concerns.
So unless those two hurdles are cleared, that mine is dead in the water