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 November 30, 2009
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....... Form 40-F.....X....
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
Director and Chief Executive Officer
Date: December 7, 2009
Print the name and title of the signing officer under his signature.
800 West Pender
Street, Suite 1020
Vancouver , British Columbia
Canada V6C 2V6
Tel:
604-684-6365
Fax: 604-684-8092
TASEKO TO RECEIVE $180 MILLION TO JOINT VENTURE 25% OF GIBRALTAR MINE
November 30, 2009 - Taseko Mines Limited (TSX: TKO;
NYSE AMEX: TGB) announces that it has signed a letter of intent with Sojitz
Corporation ("Sojitz") to establish by early 2010 a joint venture
over Taseko's Gibraltar copper/molybdenum mine in which Taseko will hold
75% and Sojitz 25%. Sojitz will pay approximately $180 million to Taseko for
its 25% interest. Taseko will continue to be the operator of Gibraltar.
Russell Hallbauer, President and Chief Executive Officer of Taseko commented,
"The formation of this joint venture with a prominent Japanese company
is an important step for Taseko, advancing our business plan that includes
establishing strategic alliances. As well, it confirms the value that Taseko
management has created over the past few years at Gibraltar and underscores
the importance of having this long life asset.
This transaction also represents a major advancement of plans to develop our
100% owned Prosperity gold/copper project. With the closing of this transaction,
we will have a significant portion of the equity requirement for the construction
of a new mine at the Prosperity property.
We are very pleased to have attracted a world class partner in Sojitz. Their
historical investments in the British Columbia mining industry and their global
trade capabilities position them as an ideal partner for Taseko."
Sojitz Corporation is a Japanese-based diversified trading company with interests
in the machinery, energy and metals, chemicals and consumer products sectors.
Sojitz has also made a number of equity investments in the British Columbia
mining industry.
The completion of this transaction is subject to ongoing Sojitz due diligence
activities, the negotiation and execution of mutually acceptable definitive
binding agreements and customary closing deliveries. The letter of intent
provides for exclusivity of negotiations and a break fee payable by Taseko.
For further information on Taseko, please see the Company's website www.tasekomines.com
or contact: Brian Bergot, Investor Relations - 778-373-4545, Toll Free
1-800-667-2114.
No regulatory authority has approved or disapproved of the information contained
in this news 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 intended future agreements, 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 40-F filing with the United States
Securities and Exchange Commission or the Company's home jurisdiction
filings at www.sedar.com.