Tsilhqot’in announced that it will have a Tribal Park, which will affect the proposal of a New Prosperity mine by Taseko Mines Ltd. as it lies within the declared territory of the Tribal Park.
The current external macro-environment of Taseko is rather dismal in terms of political and social factors according to the PEST analysis. It’s gold-copper mine project has been rejected by the federal government twice and restricted because of the Tribal Park. Furthermore, Tsilhqot’in is a local stakeholder and Taseko’s project does not appeal to the environmentally conscious people of Tsilhqot’in, it would damage fish habitats. While Tesco’s focuses on the economical benefits (e.g. more profits), Tsilhqot’in strives to be more environmentally-friendly and sustainable.
Taseko would need to obtain proper consent from Tsilhqot’in for it to proceed with their project. Therefore, Tsilhqot’in has a great influence on Taseko’s decision-making. Taseko should integrate environmentally sustainable actions (e.g. recycle water, use renewable energy source of electricity) within their future operations with their project to align their interest more closely to that of Tsilhqot’in. However, it is highly unlikely that Tsilhqot’in would allow Taseko to have a mining site in their Tribal Park because of the significant difference in interest of both parties.
Website and image source:
http://www.quickmba.com/strategy/pest/
http://www.miningfacts.org/Environment/How-can-mining-become-more-environmentally-sustainable/