UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
CIK # 878518
as at June 26, 2008
TASEKO MINES LIMITED
800 West Pender Street, Suite 1020
Vancouver , British Columbia
Canada V6C 2V6
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F...X.... Form 40-F.........
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of
a Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes ..... No .....
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ________
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
By: /s/ Russell E. Hallbauer
President and CEO
Date: July 7, 2008
Print the name and title of the signing officer under his signature.
1020 - 800 W
Pender St.
Vancouver BC
Canada V6C 2V6
Tel 604 684 - 6365
Fax 604 684 - 8092
Toll Free 1 800 667 - 2114
http://www.tasekomines.com
TASEKO PURCHASES $100 MILLION IN MINING AND
MILLING EQUIPMENT
June 26, 2008, Vancouver, BC - Taseko Mines Limited
(TSX: TKO; AMEX: TGB) ("Taseko" or the "Company") is pleased
to announce that it has finalized negotiations for the purchase of the key
mining and milling equipment required for the Phase III expansion at its 100%
owned Gibraltar copper-molybdenum mine.
The Company has entered into binding agreements to purchase two Bucyrus 495
mining shovels, a Bucyrus 49R production drill, four 240 ton Terex haulage
trucks and a 28-foot semi autogeneous grinding ("SAG") mill, which
is of sufficient size to process an additional 30,000 tons of Gibraltar ore
per day.
The mining equipment is scheduled to be delivered and operational as follows:
The trucks in late 2008, one shovel and drill in the spring of 2009, and the
second shovel in late 2009. The SAG mill and motors will arrive at the Gibraltar
site in May of 2010 for commissioning by August 2010.
Russell Hallbauer, President and CEO of Taseko stated, "We are very pleased
to have completed these transactions. Bucyrus committed to an early delivery
schedule for the shovels and drill, which will allow us to properly sequence
mine development prior to the commissioning of the additional concentrator
capacity in 2010. Delivery times for both mining and milling equipment continues
to be a problem for many mine developers and this is having a dramatic affect
on project time lines and completion dates. With these purchases, we have
eliminated any such delays. Since the Phase III expansion requires a relatively
small SAG mill, delivery time has been reduced to 20 months from the industry
average of 40 months.
The expedited delivery schedule will ensure Gibraltar's production capacity
will be increased to 85,000 tons per day by the fourth quarter of 2010, allowing
us to capitalize on forecasted high copper prices."
Mr. Hallbauer continued, "A key component to the Phase III expansion
is a $20 million upgrade to the molybdenum circuit, which is expected to be
operational by the summer of 2009. With the upgraded molybdenum circuit, significantly
better performance will be achieved, with average molybdenum production increasing
to 3.5 million pounds annually."
For further details on Taseko and its properties, please visit the Company's
website at www.tasekomines.com or contact Investor Services at (604) 684-6365
or within North America at 1-800-667-2114.
Russell Hallbauer
President and CEO
Neither the TSX Exchange nor the American Stock Exchange accepts responsibility
for the adequacy or accuracy of this release.
Forward
Looking Statements
This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of
historical facts, that address future production, reserve potential, exploration
drilling, exploitation activities and events or developments that the Company
expects are forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include capital market conditions, commodities
market prices, exploitation and exploration successes, lack of continuity
of mineralization, completion of the mill upgrade on time estimated and at
scheduled cost, continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned that any
such statements are not guarantees of future performance and that actual results
or developments may differ materially from those projected in the forward-looking
statements. For more information on the Company, Investors should review the
Company's annual Form 20-F filing with the United States Securities and
Exchange Commission or the Company's home jurisdiction filings at www.sedar.com.