In British Columbia, there have been an increasing number of companies that have decided to build new projects here due to a variety of reasons such as natural resources and accesses to the pacific; however, the issue of land claims by First Nations Tribes limits the number of capitalist opportunities that can occur.
In this article, Pynn discusses the “New Prosperity” mine project. This project is set to be First Nation lands and it is running into problems due to hunting claims in the area where the mine is proposed to be.
In particular, I was drawn to this article because of a variety of reasons, one of which being precedent. Precedent is the concept in law that if the courts allow this project, in the future they will have to allow similar projects to occur in the area. This plays into a number of business fundamentals. The mine would also allow for a $1.1 billion project to create taxable income to British Columbia while also creating new jobs.
One major factor that plays in here is ethics. Creating a mine in a region that will affect the majority of the First Nation Tribes in the surrounding area is a very ethical decision. Is it ethically correct to build a mine? Or should they shut down this project. Personally I believe that this is an economic opportunity that should not be passed on, however there is still a long process to go before any decisions are made. In the upcoming future these questions will be answered and I will be sure to continue updating you on this very controversial topic.
The First Nations claims are also effecting the Business Model for the New Prosperity Mine Company. By examining the S and the E of Porter’s PESTLE model we can view the social threats created as well and the environmental threats. The social threats that are being created can create a hostile atmosphere that may effect the Customer Relations segment of their Business Model Canvas as well.
-Gurinder Mahal
To read the full article click here.
Pynn, Larry. “Tsilhqot’in Set to Declare Site of New Prosperity Mine a Tribal Park.” Www.vancouversun.com. The Vancouver Sun, 11 Sept. 2014. Web. 06 Oct. 2014. <http://www.vancouversun.com/news/metro/Unilateral%2Bpark%2Bdeclared%2BTsilhqot%2Bincludes%2BProsperity%2Bmine/10192766/story.html?__federated=1>.