After shares of Tesla Motors (NASDAQ:TSLA) rocketed upward after their IPO last week, today they are giving back. Currently shares of Tesla are down 15.3% on about 5.6 million shares of volume.
The Federal Review Panel, established for the purpose of conducting a review of the environmental effects of Taseko Mines Limited's (TSE:TKO.CA) (AMEX:TGB) Prosperity Gold-Copper Project, has submitted its report to the Government of Canada.
The Panel findings are very similar to the conclusions reached in the Provincial environmental assessment process - that the loss of Fish Lake and adjacent meadows constitutes a significant adverse effect. It went on to conclude that the environmental impacts were justified because the lake and the fishery will be replaced and the economic and social benefits generated for British Columbians are so significant.
"The future of Prosperity now rests with the Federal Government," says Russ Hallbauer, President and CEO of Taseko Mines Limited. "It will be up to Cabinet to make the final decision on granting Prosperity Federal approval."
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