PROCUREMENT NEWS

Canada : Gibraltar Mine Signs Long-Term Labour Agreement

Published 29 Dec 2012

Taseko, announces that the new labour agreement (announced December 19) was successfully ratified by its unionized employees. This new agreement will be in place until May 31, 2016.

Russell Hallbauer, President and CEO of Taseko, commented, \"We are pleased that the Company and its unionized employees were able to reach a new labour agreement. We believe the new deal is fair for our unionized employees and also provides Taseko with long-term, stable labour costs. Our workforce at Gibraltar has doubled in the last five years as the capital investments made by Taseko have created long-term, well-paying jobs in the Cariboo Region.\"

Mr. Hallbauer added, \"The timing of the new labour agreement is opportune, with the new GDP3 project just weeks away from being handed over from the construction contractors to Gibraltar operations for ramp up.\"

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