13D Filing: Sailingstone Capital Partners LLC Sells 3.73 Million Shares of Taseko Mines Ltd (TGB)

Taseko Mines Ltd (USA) (NYSEMKT:TGBis the subject of a new 13D filing issued by Sailingstone Capital Partners LLC, which reveals a 23.08 million-share position in the stock, which you can see in the table below. The filing also reveals that the institutional investor sold 3.70 million shares of the stock on January 5, at an average price of $0.31 per share. The firm has sold an additional 30,968 shares since then. You can see all of the details in the filing embedded below.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
SailingStone Capital Partners 23,077,317 0 23,077,317 0 23,077,317 10.44%
SailingStone Holdings 0 23,077,317 0 23,077,317 23,077,317 10.44%
MacKenzie B. Davis 0 23,077,317 0 23,077,317 23,077,317 10.44%
Kenneth L. Settles Jr 0 23,077,317 0 23,077,317 23,077,317 10.44%
RS Global Natural Resources Fund 0 20,330,891 0 20,330,891 20,330,891 9.20%

Page 1 of 9 SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
TASEKO MINES LIMTED
(Name of Issuer – as specified in its charter)
Common Stock
(Title of Class of Securities)
876511106
(CUSIP Number)
Kathlyne Kiaie
c/o SailingStone Capital Partners LLC
1 California Street, Suite 3050
San Francisco, California 94111
(415) 429-5178
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
February 19, 2016
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e)(f) or (g), check the following box ☒.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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Page 2 of 9 SEC Filing

1
NAMES OF REPORTING PERSONS
SailingStone Capital Partners LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
3
SEC USE ONLY
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
23,077,317
8
SHARED VOTING POWER
0
9
SOLE DISPOSITIVE POWER
23,077,317
10
SHARED DISPOSITIVE POWER
0
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,077,317
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.44%
14
TYPE OF REPORTING PERSON
IA

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Page 3 of 9 SEC Filing

1
NAMES OF REPORTING PERSONS
SailingStone Holdings LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
3
SEC USE ONLY
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
23,077,317
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
23,077,317
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,077,317
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.44%
14
TYPE OF REPORTING PERSON
HC

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Page 4 of 9 SEC Filing

1
NAMES OF REPORTING PERSONS
MacKenzie B. Davis
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
3
SEC USE ONLY
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
23,077,317
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
23,077,317
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,077,317
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.44%
14
TYPE OF REPORTING PERSON
HC; IN

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Page 5 of 9 SEC Filing

1
NAMES OF REPORTING PERSONS
Kenneth L. Settles Jr.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
3
SEC USE ONLY
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
23,077,317
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
23,077,317
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,077,317
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.44%
14
TYPE OF REPORTING PERSON
HC; IN

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Page 6 of 9 SEC Filing

1
NAMES OF REPORTING PERSONS
RS Global Natural Resources Fund
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b)
3
SEC USE ONLY
4
SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
6
CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
0
8
SHARED VOTING POWER
20,330,891
9
SOLE DISPOSITIVE POWER
0
10
SHARED DISPOSITIVE POWER
20,330,891
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,330,891
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.20%
14
TYPE OF REPORTING PERSON
IV

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Page 7 of 9 SEC Filing

Item 1.
Security and Issuer.
This Statement on Schedule 13D relates to the Common Stock (the “Shares”) of Taseko Mines Limited (the “Issuer”).  The address of the principal executive offices of the Issuer is 1040 West Georgia Street, Suite 1500, Vancouver, BC, Canada V6E 4H1
Item 2.
Identity and Background.
This Statement is being jointly filed by: (i) SailingStone Capital Partners LLC, a Delaware limited liability company registered as an investment adviser with the U.S. Securities and Exchange Commission (“SailingStone”); (ii) SailingStone Holdings LLC, a Delaware limited liability company (“SailingStone Holdings”), which is the general partner of SailingStone GP LP, which is a Delaware limited partnership that serves as managing member of SailingStone; (iii) MacKenzie B. Davis, a United States citizen who is a managing member of SailingStone Holdings and a control person of SailingStone and SailingStone Holdings (“Davis”); (iv) Kenneth L. Settles Jr., a United States citizen who is a managing member of SailingStone Holdings and a control person of SailingStone and SailingStone Holdings (“Settles”); and (v) RS Global Natural Resources Fund (the “Fund”), a separate investment series of RS Investment Trust, an investment company registered with the U.S. Securities and Exchange Commission under the Investment Company Act of 1940, as amended, for which SailingStone serves as sub-investment adviser.  (SailingStone, SailingStone Holdings, Davis, Settles and the Fund are sometimes also referred to herein individually as a “Reporting Person” and collectively as the “Reporting Persons”).  Further information regarding the identity and background of certain of the Reporting Persons is set forth in Exhibit B which is attached hereto.
During the last five years, none of the Reporting Persons, nor, to the best knowledge of the Reporting Persons, any of their respective executive officers, their respective managing members or any persons controlling their respective managing members has: (1) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (2) been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 3.
Source and Amount of Funds or Other Consideration.
The Shares herein reported as being beneficially owned by the Reporting Persons were acquired by SailingStone directly acting solely on behalf of its investment advisory clients.  SailingStone has purchased a total of 23,077,317 Shares in open-market purchases for an aggregate consideration of $104,542,529 (exclusive of brokerage commissions).  To the best knowledge of the Reporting Persons, the funds used in such purchases were from existing SailingStone’s available investment capital and none of the consideration for such Shares was represented by borrowed funds.
Item 4.
Purpose of Transaction.
The Reporting Persons have acquired the Shares for investment purposes and will continue to analyze their investment in the Issuer on an ongoing basis. As part of this investment analysis process, the Reporting Persons reserve the right to engage in discussions with management of the Issuer and with third parties that may have an interest in the business affairs of the Issuer in order to monitor their investment and consider possible strategic alternatives.  In addition, the Reporting Persons may suggest changes to the composition of the Issuer’s Board of Directors as circumstances warrant.
Depending upon such discussions and consideration of strategic alternatives, the Reporting Persons could support one or more of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.  The Reporting Persons reserve the right to formulate other purposes, plans or proposals regarding the Issuer to the extent deemed advisable by the Reporting Persons in light of current market conditions generally and specifically as they relate to the Issuer. The Reporting Persons further reserve the right to add to or reduce their holdings in the Issuer at any time as circumstances warrant without prior notice.
Item 5.
Interest in Securities of the Issuer.
Based on the most recently available filing information submitted to the Securities and Exchange Commission by the Issuer, there are 221,106,000 Shares outstanding.  As of February 19, 2016, the Reporting Persons collectively may be deemed to beneficially own 23,077,317 Shares, which represents 10.44% of the outstanding Shares.  The number of Shares which may be deemed to be beneficially owned by the Reporting Persons are as follows:
Shares Deemed to be
Beneficially Owned By:
Nature of
Ownership
Percentage
of Class
(A)            SailingStone:
23,077,317
Sole Voting and Sole Dispositive Power  (1)
10.44%
(B)            SailingStone Holdings:
23,077,317
Shared Voting and Shared Dispositive Power  (2)
10.44%
(C)            Davis:
23,077,317
Shared Voting and Shared Dispositive Power  (3)
10.44%
(D)            Settles:
23,077,317
Shared Voting and Shared Dispositive Power  (4)
10.44%
(E)            The Fund:
20,330,891
Shared Voting and Shared Dispositive Power  (5)
9.20%
___________________
(1)
Such Shares are owned by investment advisory clients of SailingStone.  By reason of its investment advisory relationship with such clients, SailingStone is deemed to have sole voting and sole dispositive power over such Shares.  The economic interest in such Shares is held by such clients.
(2)
Because SailingStone Holdings is the general partner of SailingStone GP LP which serves as managing member of SailingStone, SailingStone Holdings could be deemed to share the power to vote and dispose or direct the disposition of such Shares.
(3)
Because Davis is a managing member of SailingStone Holdings and a control person of SailingStone Holdings and SailingStone, he could be deemed to share the power to vote and dispose or direct the disposition of such Shares.
(4)
Because Settles is a managing member of SailingStone Holdings and a control person of SailingStone Holdings and SailingStone, he could be deemed to share the power to vote and dispose or direct the disposition of such Shares.
(5)
Such shares are owned by the Fund.  Because SailingStone serves as sub-investment adviser to the Fund, the Fund may be deemed to share the power to vote and dispose or direct the disposition of such Shares.
TRANSACTIONS
Information regarding transactions in the Shares that have been effected by the Reporting Persons during the last sixty days are set forth in Exhibit C which is attached hereto.
Item 6.
Interest in Securities of the Issuer.
Contracts, Arrangements, Understandings or Relations With Respect to Securities of the Issuer.
None.
Item 7.
Materials Filed as Exhibits.
The following exhibits are attached hereto:
Exhibit A – Joint Filing Agreement of the Reporting Persons
Exhibit B – Executive Officers and Control Persons of the Reporting Persons
Exhibit C – Transactions in Securities of the Issuer During the Past Sixty Days by the Reporting Persons
In accordance with Rule 13d-4 of the Securities Exchange Act of 1934, the Reporting Persons expressly disclaim the beneficial ownership of the securities covered by this statement and the filing of this report shall not be construed as an admission by such persons that they are the beneficial owners of such securities.


SIGNATURES
The undersigned certify, after reasonable inquiry and to the best knowledge and belief of the undersigned, that the information set forth in this Statement is true, complete and correct.  The undersigned agree to the filing of this single Statement on Schedule 13D.
SailingStone Capital Partners LLC*
Date:  February 19, 2016 
By:
/s/ Kathlyne Kiaie
Name:   Kathlyne Kiaie
Title:     Chief Compliance Officer
SailingStone Holdings LLC*
Date:  February 19, 2016 
By:
/s/  MacKenzie B. Davis
Name:    MacKenzie B. Davis
Title:     Managing Member
 MacKenzie B. Davis*
Date:  February 19, 2016 
By:
/s/ MacKenzie B. Davis*
Name:   MacKenzie B. Davis*

 Kenneth L. Settles Jr.*
Date:  February 19, 2016 
By:
/s/ Kenneth L. Settles Jr.*
Name:   Kenneth L. Settles Jr.*
RS Investment Trust, on behalf of the RS
Global Natural  Resources Fund*

Date:  February 19, 2016 
By:
/s/  Randall S. Hegarty
Name:    Randall S. Hegarty
Title:     Chief Compliance Officer
* The Reporting Persons disclaim beneficial ownership in the shares represented herein except to the extent of their pecuniary interest therein.

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Page 8 of 9 SEC Filing

EXHIBIT A
Joint Filing Agreement Among
SailingStone Capital Partners LLC, SailingStone Holdings LLC,
MacKenzie B. Davis, Kenneth J. Settles Jr. and RS Investment Trust, on behalf of the
RS Global Natural Resources Fund
Whereas, in accordance with Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934 (the “Act”), only one joint Statement and any amendments thereto need to be filed whenever one or more persons are required to file such a statement or any amendments thereto pursuant to Section 13(d) of the Act with respect to the same securities, provided that said persons agree in writing that such Statement or amendments thereto is filed on behalf of each of them:
NOW, THEREFORE, the parties hereto agree as follows:
SailingStone Capital Partners LLC, SailingStone Holdings LLC, MacKenzie B. Davis, Kenneth L. Settles Jr. and the RS Investment Trust, on behalf of RS Global Natural Resources Fund, do hereby agree, in accordance with Rule 13d-1(k)(1) under the Act, to file a statement on Schedule 13D relating to their ownership of the Common Stock of the Issuer, and do hereby further agree that said statement shall be filed on behalf of each of them.
SailingStone Capital Partners LLC
Date:  February 19, 2016 
By:
/s/ Kathlyne Kiaie
Name:   Kathlyne Kiaie
Title:     Chief Compliance Officer
SailingStone Holdings LLC
Date:  February 19, 2016 
By:
/s/  MacKenzie B. Davis
Name:    MacKenzie B. Davis
Title:     Managing Member
 MacKenzie B. Davis
Date:  February 19, 2016 
By:
/s/ MacKenzie B. Davis
Name:   MacKenzie B. Davis

 Kenneth L. Settles Jr.
Date:  February 19, 2016 
By:
/s/ Kenneth L. Settles Jr.
Name:   Kenneth L. Settles Jr.
RS Investment Trust, on behalf of the RS
Global Natural  Resources Fund

Date:  February 19, 2016 
By:
/s/  Randall S. Hegarty
Name:    Randall S. Hegarty
Title:     Chief Compliance Officer

EXHIBIT B
OFFICERS AND CONTROL PERSONS OF THE REPORTING PERSONS
Except where otherwise noted, each of the individuals named below is a citizen of the United States with a principal business address as indicated below.
A.
SailingStone Capital Partners LLC
SailingStone Capital Partners LLC is an investment adviser organized as a limited liability company under the laws of the State of Delaware.  Its address is:
1 California Street, Suite 3050
San Francisco, California 94111
The officers of SailingStone Capital Partners LLC are:
Name
Title
Kathlyne K. Kiaie
Chief Compliance Officer
James E. Klescewski
Chief Financial Officer
SailingStone GP LP, a Delaware limited partnership, is the managing member of SailingStone Capital Partners LLC.  SailingStone Holdings LLC, a Delaware limited liability company is the general partner of SailingStone GP LP.  MacKenzie B. Davis and Kenneth L. Settles Jr. are the managing members of SailingStone Holdings LLC and are deemed to be control persons of SailingStone Capital Partners LLC.
B.
SailingStone Holdings LLC
SailingStone Holdings LLC is an entity organized under the laws of the State of Delaware.  Its address is:
1 California Street, Suite 3050
San Francisco, California 94111
MacKenzie B. Davis and Kenneth L. Settles Jr. are the managing members of SailingStone Holdings LLC and are deemed to be control persons of SailingStone Holdings LLC.
C.
RS Investment Trust
RS Investment Trust is an investment company organized as a business trust under the laws of the Commonwealth of Massachusetts and is registered with the U.S. Securities and Exchange Commission.  Its address is:
One Bush Street, Suite 900
San Francisco, California 94104
Information regarding the Trustees and Officers of RS Investment Trust is incorporated herein by reference to the Section titled “Management of the Trust – Trustees and Officers – Identification and Background” in the Statement of Additional Information included in Post-Effective Amendment No. 136 to the Registration Statement on Form N-1A of RS Investment Trust as filed with the U.S. Securities and Exchange Commission on December 18, 2015

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Page 9 of 9 SEC Filing

EXHIBIT C
TRANSACTIONS IN SECURITIES OF THE ISSUER DURING THE PAST SIXTY DAYS BY THE REPORTING PERSONS
No transactions in the Shares have been effected by the Reporting Persons or to the best knowledge of the Reporting Persons, by any executive officer, director, managing member, affiliate or subsidiary of any of the Reporting Persons during the last sixty days except the following transactions, each of which was made in either a broker’s transaction in the open market or in a privately negotiated transaction, as applicable:
Reporting
Person
Sale/
Purchase
Date
No. of
Shares
Average Price Per
Share
SailingStone
Sale
01/05/2016
3,700,000
$0.31
SailingStone
Sale
02/03/2016
15,500
$0.35
SailingStone
Sale
02/04/2016
15,468
$0.38

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