Land is an extremely important part of a company’s progression and expansion, especially when the company relies heavily on natural resources. However, environmental impact concerns and mother nature play a big role in determining if a potential business succeeds. The Taseko Mines Ltd.’s is a mining company that has had recent plans of expansion due to potential profits gained through gold and copper mining. This land in question is currently just outside the Tsilhqot’in region of Chilcotin. There has now been official word of an unveiling on Oct 4th that gives the Tsilhqot’in people 1,750 square km of land, collapsing the mine site into the new Tsilhqot’in region.
This is a major concern for the Taseko Mine company and their business plan. They now have limited resources for expansion, thus putting their entire operation in jeporady. The government of British Columbia has supported the Tsilhqot’in and other first nations groups in their efforts in preserving their land and environment, even though Taseko have been finding massive amounts of copper and gold in the Fish Lake area. This means that any assumptions made by the mining company to expand, are now completely useless, and they now must reconstruct their whole business plan. In the future, companies such as Taseko Mines should focus more on the potential road blocks and prepare for the worst case scenario, as opposed to assuming possession of land for future expansion. They must account for environmental impacts and plan on putting the environment first.
