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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000878518-04-000005.txt : 20040330
<SEC-HEADER>0000878518-04-000005.hdr.sgml : 20040330
<ACCEPTANCE-DATETIME>20040330133717
ACCESSION NUMBER:		0000878518-04-000005
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040312
FILED AS OF DATE:		20040330

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TASEKO MINES LTD
		CENTRAL INDEX KEY:			0000878518
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31965
		FILM NUMBER:		04699573

	BUSINESS ADDRESS:	
		STREET 1:		1020-800 W. PENDER STREET
		CITY:			VANCOUVER BC CANADA V6C 2V6
		STATE:			A1
		ZIP:			00000
		BUSINESS PHONE:		(604) 684-6365

	MAIL ADDRESS:	
		STREET 1:		1020-800 W. PENDER STREET
		STREET 2:		V6C 2V6
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tko6k_031204.htm
<DESCRIPTION>PRESS RELEASE MARCH 12 2004
<TEXT>
<html>
<head>
<title>Taseko to Acquire Joint Venture Interest in Gibraltar Mine Restart</title>    </head>
<body lang=EN-US link=blue vlink=purple>
<div class=Section1>
  <div align="justify">
    <p align="center"><br>
      &nbsp; <br>
      &nbsp; <br>
      <font size="2" face="Verdana, Arial, Helvetica, sans-serif">SECURITIES AND
      EXCHANGE COMMISSION <br>
      Washington, DC 20549 <br>
      &nbsp; <br>
      &nbsp; <br>
      <b><font size="3">FORM 6-K</font></b> <br>
      &nbsp; <br>
      &nbsp; <br>
      Report of Foreign Private Issuer <br>
      Pursuant to Rule 13a-16 or 15d-16 <br>
      of the Securities Exchange Act of 1934 <br>
      &nbsp; <br>
      &nbsp; <br>
      <b><font size="3">CIK # 878518</font></b> <br>
      &nbsp; <br>
      &nbsp; <br>
      As at March 12, 2004 <br>
      &nbsp; <br>
      <font size="3">&nbsp; <br>
      <b>TASEKO MINES LIMITED</b> </font><br>
      <b>800 West Pender Street, Suite 1020</b> <br>
      <b>Vancouver</b> <b>, </b> <b>British Columbia</b> <br>
      <b>Canada</b> <b> V6C 2V6</b> <br>
      &nbsp; <br>
      &nbsp; <br>
      Indicate by check mark whether the registrant files or will file annual
      reports under cover Form 20-F or Form 40-F. <br>
      &nbsp; <br>
      Form 20-F...X.... Form 40-F......... <br>
      &nbsp; <br>
      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): ____ <br>
      &nbsp; <br>
      &nbsp; <br>
      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. <br>
      &nbsp; <br>
      &nbsp; <br>
      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): ____ <br>
      &nbsp; <br>
      &nbsp; <br>
      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. <br>
      &nbsp; <br>
      Yes ..... No ..... <br>
      &nbsp; <br>
      If &quot;Yes&quot; is marked, indicate below the file number assigned to
      the registrant in connection with Rule 12g3-2(b): 82- ________ <br>
      &nbsp; <br>
      Signatures <br>
      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. <br>
      &nbsp; <br>
      &nbsp; <br>
      By: /s/ Jeffrey R. Mason <br>
      Director and Chief Financial Officer <br>
      &nbsp; <br>
      Date: March 12, 2004 <br>
      * Print the name and title of the signing officer under his signature. <br>
      _____________________________________ <br>
      <b>&nbsp;</b> <br>
      <strong><font size="3">Taseko Mines Limited </font><br>
      1020 - 800 West Pender Street <br>
      Vancouver, BC <br>
      Canada V6C 2V6 <br>
      Tel 604 684-6365 <br>
      Fax 604 684-8092 <br>
      Toll Free 1 800 667-2114 <br>
      http://www.hdgold.com </strong><br>
      <b>&nbsp;</b> <br>
      <b>TASEKO TO ACQUIRE JOINT VENTURE INTEREST IN </b> <b>GIBRALTAR</b> <b>
      MINE RESTART </b> </font><font size="3" face="Verdana, Arial, Helvetica, sans-serif"><b>&nbsp;</b></font></p>
    <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>March
      12, 2004</b> <b>, </b> <b>Vancouver</b> <b>, </b> <b>BC</b> &#45; Ronald
      W. Thiessen, President and CEO of Taseko Mines Limited (&#34;Taseko&#34;),
      (TSX Venture: TKO; OTCBB: TKOCF) announces that Taseko has elected to exercise
      its purchase right to acquire all of the issued and outstanding units of
      the Gibraltar Reclamation Trust Limited Partnership (&#34;GRT LP&#34;).
      This acquisition is being made pursuant to the call right granted to Taseko
      in the financing agreements with the GRT LP announced in December 2003.
      It is expected that approximately 8 million Taseko common shares will be
      issued for consideration of $22.2 million, and at a value of Cdn$2.79 per
      share. The acquisition by Taseko of the GRT LP has already been approved
      by the necessary securities regulators and will be completed shortly. The
      Taseko shares to be issued will be subject to resale restrictions in Canada
      until May 1, 2004 and such shares have not been qualified for resale in
      the United States. <br>
      &nbsp; <br>
      In December 2003, the GRT LP closed an $18.6 million financing to partially
      fund reclamation bonding requirements of the Gibraltar mine. Of the financing
      proceeds, approximately $17.1 million was contributed to a qualifying environmental
      trust, which permitted Gibraltar to receive the balance of reclamation deposits
      ($16.7 million) held by the Government of British Columbia, and released
      into trust to finance the restart of the Gibraltar mine. In addition, and
      as required, Taseko advanced $4.6 million into trust to provide additional
      funding for the restart of the Gibraltar mine. As part of the financing,
      the GRT LP entered into a joint venture arrangement with Gibraltar. Pursuant
      to the joint venture agreement, Gibraltar will contribute the use of its
      mine assets and fund the mine startup expenses with the funds described
      above. In particular, and as a result of this acquisition, Taseko will acquire
      all of the rights and obligations of the GRT LP pursuant to the Gibraltar
      Reclamation Trust Indenture and Joint Venture Agreement, which includes
      Gibraltar revenue or production share entitlements, and authority to participate
      in and supervise the Gibraltar mine reopening, as well as residual rights
      to the Gibraltar Reclamation Trust after satisfaction of all mine reclamation
      obligations. <br>
      &nbsp; <br>
      Mr. Thiessen says, &#34;The acquisition of the GRT LP will provide Taseko
      with 100% control of those elements necessary for a mine restart as well
      as operations and revenue entitlements from the Gibraltar mine. This transaction,
      combined with improved copper prices, will enhance returns to our shareholders.&#34;
      <br>
      &nbsp; <br>
      Taseko owns substantial copper and gold resources and is well positioned
      to take advantage of the improving metal market conditions for copper and
      gold. Taseko&#39;s main assets are the Gibraltar copper mine, and the advanced
      stage Prosperity gold-copper and Harmony gold projects. All are located
      in British Columbia, Canada. </font></p>
    <p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">ON BEHALF OF
      THE BOARD OF DIRECTORS <br>
      &nbsp; <br>
      /s/ Ronald W. Thiessen <br>
      &nbsp; <br>
      Ronald W. Thiessen <br>
      President and CEO <br>
      </font></p>
    <p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">No regulatory
      authority has approved or disapproved the information contained in this
      news release. <br>
      &nbsp; <br>
      <font size="1">This release includes certain statements that may be deemed
      &quot;forward-looking statements&quot;. 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 market prices, exploitation and exploration successes,
      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&#39;s
      annual Form 20-F filing with the United States Securities Commission. </font><br>
      &nbsp; <br>
      &nbsp; </font></p>
  </div>
</div>  </body>  </html>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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