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<SEC-DOCUMENT>0000878518-06-000005.txt : 20060405
<SEC-HEADER>0000878518-06-000005.hdr.sgml : 20060405
<ACCEPTANCE-DATETIME>20060404193619
ACCESSION NUMBER:		0000878518-06-000005
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050330
FILED AS OF DATE:		20060405
DATE AS OF CHANGE:		20060404

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:		06740011

	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_033006.htm
<DESCRIPTION>PRESS RELEASE MARCH 30 2006
<TEXT>
<html>
<head>
<title>Taseko Board Approves Upgrade of Concentrator at the Gibraltar Mine</title>    </head>
<body lang=EN-US link=blue vlink=purple>
<div class=Section1>
  <p align="center"><font size="3" face="Arial, Helvetica, sans-serif"><br>
    &nbsp; <br>
    &nbsp; <br>
    <b><font size="4">UNITED STATES</font></b> <font size="4"><br>
    <b>SECURITIES AND EXCHANGE COMMISSION</b></font> <br>
    Washington, DC 20549 <br>
    &nbsp; <br>
    &nbsp; <br>
    <b>FORM 6-K</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>CIK # 878518</b> <br>
    &nbsp; <br>
    &nbsp; <br>
    As at March 30, 2006 <br>
    &nbsp; <br>
    &nbsp; <br>
    <b> <u><font size="4">TASEKO MINES LIMITED</font></u></b> <br>
    <b>800 West Pender Street, Suite 1020</b> <br>
    <b>Vancouver</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 30, 2006 <br>
    &nbsp; <br>
    Print the name and title of the signing officer under his signature. <br>
    ------------------- <br>
    <b>&nbsp;</b> <br>
    <b>&nbsp;</b> <br>
    <b>Taseko Mines Limited </b> <br>
    <b>1020 - 800 W Pender St.</b> <br>
    <b>Vancouver</b> <b> BC</b> <br>
    <b>Canada</b> <b> V6C 2V6</b> <br>
    <b>Tel 604 684 - 6365</b> <br>
    <b>Fax 604 684 - 8092</b> <br>
    <b>Toll Free 1 800 667 - 2114</b> <br>
    <b> http://www.tasekomines.com</b> <br>
    <b>&nbsp;</b> <br>
    <b>&nbsp;</b> <br>
    <b>TASEKO BOARD APPROVES UPGRADE OF CONCENTRATOR AT THE GIBRALTAR MINE</b>
    </font> </p>
  <p align="justify"> <b><font size="3" face="Arial, Helvetica, sans-serif">March
    30, 2006, Vancouver, BC </font></b><font size="3" face="Arial, Helvetica, sans-serif">&#45;
    Taseko Mines Limited (TSX: TKO; AMEX: TGB) announces that its Board of Directors
    has approved a capital expenditure to expand and upgrade the concentrator
    facility at the Company&#39;s Gibraltar Mine, located near the City of Williams
    Lake in south-central British Columbia. The mine is operated under an agreement
    between Taseko&#39;s wholly owned subsidiary, Gibraltar Mines Ltd., and Ledcor
    CMI Ltd. This upgrade and expansion project will increase the production capacity
    of the Gibraltar mine from 70 million pounds to 100 million pounds of copper
    per year by 2008. </font></p>
  <p align="justify"><font size="3" face="Arial, Helvetica, sans-serif">The approved
    $62 million dollar expenditure will expand the concentrator&#39;s grinding
    circuit by incorporating a Semi Autogenous Grinding (SAG) mill that will improve
    the efficiency of the present milling and crushing system. The project also
    includes a complete replacement of the flotation recovery system. The expanded
    milling capacity and upgraded flotation system will decrease Gibraltar&#39;s
    unit operating costs by roughly 10% through a combination of increased throughput
    and improved recoveries of both copper and molybdenum. </font></p>
  <p align="justify"><font size="3" face="Arial, Helvetica, sans-serif">The ore
    processing capacity of the mill will increase by 25%, from the current 36,750
    tons per day to 46,000 tons per day. As a result of the increased capacity
    and the improved recoveries related to the new flotation system, the annual
    copper production is expected to rise by 30% to approximately 100 million
    pounds per year. The new SAG mill will, however, be capable of processing
    up to 50,000 tons of ore per day, depending on ore characteristics and operating
    strategy. Additional engineering analyses of the tailings system and electrical
    infrastructure, as well as long-term mine plans, are being undertaken to determine
    whether that additional daily throughput can be achieved. </font></p>
  <p align="justify"><font size="3" face="Arial, Helvetica, sans-serif">President
    and CEO Russell Hallbauer said: &#34;This expansion is a major step towards
    the long-term viability of the Gibraltar mine. The expansion is being undertaken
    at less than one-half the cost of the typical new <i>greenfield</i> construction
    projects that are under consideration by other mid-tier mining companies,
    plus it will provide a major increase in copper production in a much shorter
    time frame compared to greenfield projects. As an added bonus, the project
    at Gibraltar can be completed with no interruption of current copper and molybdenum
    production.&#34; </font></p>
  <p align="justify"><font size="3" face="Arial, Helvetica, sans-serif">Funding
    for the expansion will come from a combination of internally generated cash
    flows and commercial capital sources. The upgrade to the flotation system
    will begin immediately. Construction of the grinding circuit will begin in
    the summer of 2006, with completion planned for the latter part of 2007. </font></p>
  <p align="justify"><font size="3" face="Arial, Helvetica, sans-serif">For further
    details on Taseko Mines Limited, please contact Investor Services at (604)
    684-6365 or within North America at 1-800-667-2114. </font></p>
  <p align="justify"><font size="3" face="Arial, Helvetica, sans-serif">Russell
    Hallbauer <br>
    <i>President and CEO</i> <br>
    &nbsp; <br>
    <font size="2">The TSX Exchange and the American Stock Exchange have neither
    approved nor disapproved of the contents of this press release. </font><br>
    <font size="1">&nbsp; <br>
    This news release contains forward-looking statements that are based on current
    expectations and which involve risks and uncertainties, including those referred
    to in Taseko&#39;s Annual Information Form (&quot;AIF&quot;) filed with Canadian
    securities regulatory authorities, or Taseko&#39;s annual Form on 20F (&#34;20F&#34;)
    filed with United States securities regulatory authorities, that could cause
    actual events or results to differ materially from estimated or anticipated
    events or results reflected in the forward-looking statements. Such forward-looking
    statements include statements regarding financial results and expectations
    for 2006 and include, among other things, statements regarding targets, estimates
    and/or assumptions in respect of copper production and/or copper prices, cash
    operating costs, expenditures on property, plant and equipment, increases
    and decreases in production, reserves and/or resources and anticipated grades
    and recovery rates and are or may be based on assumptions and/or estimates
    related to future economic, market and other conditions. Factors that could
    cause actual results, developments or events to differ materially from those
    anticipated include, among others, the factors described or referred to elsewhere
    herein and/or in the AIF and 20F, and include unanticipated and/or unusual
    events. Many of such factors are beyond Taseko&#39;s ability to control or
    predict. Actual results may differ materially from those anticipated. Readers
    are cautioned not to put undue reliance on forward-looking statements due
    to the inherent uncertainty therein. Taseko disclaims any intent or obligation
    to update publicly any forward-looking statements, whether as a result of
    new information, future events or results or otherwise. For further information
    on the Company, Investors should review the Company&#39;s Canadian public
    filings at www.sedar.com or its US public filings at www.sec.gov . </font><br>
    &nbsp; <br>
    &nbsp; </font></p>
</div>  </body>  </html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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