Compromise of the profit and development

The First Nation declared a site of abundant mineral property to be its territory and strongly stands against the mining exploitation of mining industry firms.This results in conflicts between development and preservation,resulting in a tremendous impact on business decisions.

Traditionally,it is fairly common for a mining company to acquire the license from the authority and exploit mineral resources in a large scale to earn great deal of profit regardless of the natives’ culture and life styles.However,the business decision needs to be changed accordingly considering the protest and opposition of the First Nation people.Those companies are no longer allowed to enter the territory of the First Nation,let alone the exploitation of the resources.Additionally,mining companies are forced to transform their ways of development and adopt a more sustainable and environmentally-friendly way in terms of resources exploitation.①

It is of great importance of mining industry managers to catch up with the cultural trend and be respectful of local cultural heritage.To be more specific,mining company holders should negotiate and cooperate with the First Nation people to establish a long term partnership to achieve a win-win situation by providing with working opportunities for local people and exploit the environment without interrupting their previous life styles.To achieve this,more advanced technology should be introduced to mining industry to make a profit in a more efficient and sustainable way.

Source
http://www.vancouversun.com/news/metro/Unilateral+park+declared+Tsilhqot+includes+Prosperity+mine/10192766/story.html
http://www.vancouversun.com/news/First+Nation+chiefs+stage+Site+showdown/10215965/story.html

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