Link: here
Due to the nature of the industry in which, Taseko operates it has few substitutional raw materials, thus it is highly reliant on rich potential mining sites. Like in this case the potential copper-gold mine project had an approximate value of $1.1billion. Thus there is no doubt that Taseko will experience repercussions in terms of supply shortages and profit losses.
The external factor limiting Taseko is the First Nation government who has a completely different perspective on the factors that they value. To them the environment is their habitat space and they have a clear understanding of how destructing cultural/heritage landscape is irrecuperable. A perspective that should be more valued by Taseko, instead of being intensively profit-driven.
Solution:
Both parties should have the same common goal in vision; improving the relation between aboriginal groups and large-scale corporations, considering the environment. This could only be achieved through compromise. My personal opinion is to give Taseko up to two years to edit and improve their mine proposal in terms of becoming less harmful to the environment. On the other hand once this has taken place, First Nation should take into consideration the effort and honest work put into the proposal and thus agree to give part of the area fought for.
The site of Taseko’s proposed new propensity mine