Base metals miner Taseko Mines, the target of a vociferous proxy contest by privately held firm Raging River Capital (RRC), has signed the British Columbia government’s five-year power rate deferral programme, allowing it to push up to 75% of its power costs out to a later payment date. First revealed in January by Premier Christy Clark, the deferral programme, which was put in place to help the province’s mining industry during the weak economic environment, allowed qualifying mines to defer up to 75% of their electricity costs, based on a sliding scale of metal prices.
