COPPER MINING NEWS Gibraltar Back On-stream by October

BRITISH COLUMBIA The Gibraltar mine, idled by low copper prices since 1998, will be shipping concentrate again by...
BRITISH COLUMBIA The Gibraltar mine, idled by low copper prices since 1998, will be shipping concentrate again by October 2004, says Vancouver-based TASEKO MINES. The re-opening will create about 290 new jobs.

All parts of the plan are going forward. Taseko management has purchased a new mining shovel, which should arrive at the mine site in June. Contracts have been arranged for the concentrate. Transportation and materials handling plans are proceeding in a timely fashion. Operating and staffing alternatives, either contracted or as a joint venture, are being discussed. When it was closed, Gibraltar had resources estimated at 745 million tonnes grading 0.3% Cu using a 0.2% Cu cut-off.

The Gibraltar copper mine is located near McLeese Lake, in south-central British Columbia. See the Taseko website at www.tasekomines.com.

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