Fish Lake and Taseko Mines

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AJAEbj42

Gathering Speed....
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This news from Business in Vancouver online on Friday:

New gold-copper mine receives provincial environmental approval

B.C. is a step closer to having its first new mine built in more than a decade.

Victoria has issued a provincial environmental assessment certificate to Taseko Mines Ltd.'s (TSX:TKO) Prosperity gold-copper project.

The proposed mine would be located near Williams Lake, and Taseko believes Prosperity has the largest gold-copper reserve base in Canada with 7.7 million ounces in gold, and 3.6 billion pounds of copper.

The capital cost of the project is $800 million, and it could be the first new mine built in B.C. since the 90s.

But Prosperity has to meet 103 provincial environmental commitments for it to be built, including the establishment of a new lake in the facility to replace Fish Lake, which will be destroyed in the process.

Taseko also has to receive a federal environmental certificate that has no set timeline, and counter opposition from MiningWatch Canada, which does not support the project.

The company's stock rose $0.01 to $4.46 on the news.
 
If the decision makers spent 1 night there in the summer I bet they would not have approved it. Out of sight out of mind.
 
Just like the remains we saw of past mining projects, which are so far out of sight from anyone with enough power to change decisions that they don't matter. I'm also guessing that with enough money it's a little easier to persuade opinions. Even though there is local opposition as well as organizations that work to fight environmental destruction these organizations still get the "go-ahead" from government. Guess you can't stop money. and "progress"
 
Its a balance, economy verses environment and I think both have to be considered. We are and likely always will be a resource based economy. I'd like to see our logging practices change from clear cutting to selective logging and companies act more responsibly. Mining is a necessary evil but I sure don't like the idea of using B.C. lakes as tailings ponds. I grew up in northern Alberta and can remember hunting and fishing with my Dad when I was a kid near the "tar sands" as they were called back then. There was no development just boreal forrest when I lived there. Northern Alberta became an environmental waste land when the oil companies showed up but much tougher government regulations now force the companies to return the land to wilderness after they extract the oil. I don't believe all corporations are bad but they need to be held accountable, thats the job of the government and we pay them well too do it. Lets hope those who we elect to protect our environment do their jobs and hold them accountable if they don't. We need the projects for the economy but I think EVERY precaution has to be taken to protect the environment and return the land to its natural state when the project is completed. I wish there was more of an economy in ecotourism and hope it develops we live in one of the last wild beautiful places on earth and I want to see it that way. I hate to think the time most of us spend packing other peoples garbage out of the bush is futile compared to the damage we are letting unregulated exploitation of our resources cause. Sometimes we forget those resources belong to the people of this country and its up to us how they are extracted.



Here is an article that appeared in the Calgary Herald to rebut Quebec's damming of the oil sands in northern Alberta, Food for thought anyway.

Today, let's have some fun and play fairy godmother to Quebec . Let's grant the province the wish it articulated in Copenhagen . Wave the magic wand and poof, wish granted. Shut down Alberta 's oil sands, except, since it's Quebec making the wish, we have to call it tar sands, even though it's not tar they use to run their Bombardier planes, trains and Skidoos.
Ah, at last! The blight on Canada 's reputation shut down. All those dastardly workers from across Canada living in Fort McMurray, Calgary and Edmonton out of jobs, including those waitresses, truck drivers, nurses, teachers, doctors, pilots, engineers etc. They can all go on employment insurance like Ontario autoworkers and Quebec parts makers!
Closing down Alberta 's oil industry would immediately stop the production of 1.8 million barrels of oil a day. Supply and demand being what it is, oil prices will go up and therefore the cost at the pump will go up, too, increasing the cost of everything else.
But lost jobs in Alberta and across the country along with higher gas prices are a small price to pay to save the world and not "embarrass" Quebecers on the world stage. Not to worry though, Saudi Arabia , Libya and Nigeria can come to the rescue. You know, the guys who pump money into al-Qaida and help Osama bin Laden target those Van Doos fighting in Afghanistan . Bloody oil is so much nicer than dirty tar sands oil.
Shutting down the oil sands will reduce Canada 's greenhouse gas (GHG) emissions by 38.4 Mt (mega tonnes). Hooray! It's so fun to be a fairy godmother! While that sounds like a lot, Canada only produces two per cent of the world's man-made GHGs and the oil sands only produce five per cent of Canada 's total emissions or 0.1 per cent of the world's emissions. By comparison, the U.S. produces 20.2 per cent of the world's GHG emissions -- 27 per cent of which comes from coal-fired electricity.
The 530-square-kilometre piece of land currently disturbed by the oil sands (which is smaller than the John F. Kennedy Space Center at Cape Canaveral , Fla. at 570 square kilometres) must be reclaimed by law and will return to Alberta 's 381,000 square kilometres of boreal forest, a huge carbon sink. Quebec, of course, has clean hydro power, but more than 13,000 square kilometres were drowned for the James Bay hydroelectric project, permanently removing that forest from acting as a carbon sink.
But fairy godmother is digressing all over the place. While the oil sands only produce five per cent of Canada 's GHGs, it contributes much more to Canada 's economy. After all, oil and gas make up one-quarter of the value on the TSX alone. Alberta is also the largest net contributor per capita by far to Confederation and there are only two more -- B.C. and Ontario .
Quebec hasn't made a net contribution to the rest of Canada for a very long time. This is not to be critical (after all, fairy godmothers never criticize), it's just a fact. In 2009, Albertans paid $40.46 billion in income, corporate and other taxes to the federal government and received back just $19.35 billion in services and goods from the feds. That means the rest of Canada got $21.1 billion from Albertans or $5,742 for each and every Alberta man, woman and child. In 2007 (the last year national figures are available), Alberta sent a net contribution of $19.49 billion to the ROC or $5,553 per Albertan -- more than three times what every Ontarian contributes at $1,757. Quebecers, on the other hand, each received $627 net or a total of $8 billion, money which was designed to help "equalize" social programs across the country. Except, that's not what's happening. Quebec has more generous social programs, like (nearly) free university tuition (paid for mostly by Albertans) and cheap provincial day care (paid for mostly by Albertans).
But in this fairy godmother world, poof! those delightful unequal programs have now disappeared! Quel dommage!
The July 2009 Canadian Energy Research Institute (CERI) report states that between 2008 and 2032, the oil sands will account for 172,000 person-years of employment in Ontario during the construction phase, plus 640,000 for operations over the 25-year period. For Quebec , the oil sands will account for 84,000 person-years of employment during the construction phase, plus 292,000 for operations over the 25-year period. In total, the oil sands are expected to add $1.7 trillion to Canada 's GDP over the next 25 years.
Wave wand. Poof. Jobs, gone! So, now that the oil industry has shut down and left Alberta , Alberta has become a have-not province and so has every other province. Equality at last! Hugo Chavez will be so pleased. Meeting our Copenhagen targets suddenly looks possible, as most of us can't afford to drive our cars or buy anything but necessities, so manufacturers have closed their doors and emissions are way down.
The dream of many Quebecers to form their own nation and separate from Canada has died at last. Alas, in Alberta , separatist sentiment has risen dramatically, citizens vote to separate and the oil and gas industry returns.
Albertans start to pocket that almost $6,000 for each person that used to get sent elsewhere and now their kids get free tuition.
Fairy godmother's work is done. Wish granted. Quebecers must now sign up for a foreign worker visas to work in Alberta to send their cheques back home so junior can start saving up to pay for college.
 
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The one thing I'll never understand is why Gold is so valuable. Other than it conducts electricity very well and doesn't corrode its a use less metal. Its too soft for tools and not much good for anything practical. If the world turns to chaos on 2012 and I have the choice between 200 Lbs of turnips or 200 pounds of gold I'll take the turnips despite the fact I don't really like them. At least you can eat the turnips. I suppose you could make fishing lures with the gold.......shiny.
 
If the decision makers spent 1 night there in the summer I bet they would not have approved it. Out of sight out of mind.

Victoria sucks the F*&^$ out of northeast BC and gives us S!@% in return, Out of sight out of mind is right. While southern BC enjoys the Billions it pulls from up here, I still live on a gravel street in Fort St. John city limits. Not bitter, just sayin, if it weren't for BC rapin the land, there would be no Olympics and We'd all feel the econmic pinch the rest of northamerica is feelin. yeah i had a few, just sayin:meh:.
 
The one thing I'll never understand is why Gold is so valuable. QUOTE]


Every paper money in the history of the world has eventually sunk to its intrinsic value: ZERO. The dollar will follow, and sooner than you think.
The rich hold gold because it is real money: you can't manipulate it or devalue it like electronic or paper money. Last week, Venezuela devalued their peso by 50%. Gold immeadiately rose 50% in pesos. If you follow the price of gold today, it is NOT becoming higher, it is the paper money that is sinking and therefore gold seems to rise. Government everywhere have a hidden tax called inflation. Governments create most inflation to syphon off our wealth. The U.S. dollar has lost 95% of its value in the last 100 years. Gold has retained its value. You don't get rich by buying gold, you simply protect your wealth.
 
The one thing I'll never understand is why Gold is so valuable. QUOTE]


Every paper money in the history of the world has eventually sunk to its intrinsic value: ZERO. The dollar will follow, and sooner than you think.
The rich hold gold because it is real money: you can't manipulate it or devalue it like electronic or paper money. Last week, Venezuela devalued their peso by 50%. Gold immeadiately rose 50% in pesos. If you follow the price of gold today, it is NOT becoming higher, it is the paper money that is sinking and therefore gold seems to rise. Government everywhere have a hidden tax called inflation. Governments create most inflation to syphon off our wealth. The U.S. dollar has lost 95% of its value in the last 100 years. Gold has retained its value. You don't get rich by buying gold, you simply protect your wealth.

I get that part, even though the federal reserve no longer backs the amount of US currency in circulation in gold. It has been the base of the monetary system from the dawn of time it seems. It's still a relatively use less metal unless your building high end electronics. I agree with you 100%, we haven't see the bulk of the financial fall out yet. Makes you happy that we have practical skills when it all fall apart.
 
Me neither ..... All the skills that come with it are, welding, mechanical ability, body work, wiring ..... or maybe they just came with my truck?
 
I never thought of four wheeling as a practical skill :D

Sure it is. The ability to get from point A to point B, regardless of conditions. And like Dave says, all the other stuff that keeping a cruiser on the road entail.
 

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