In my previous post, I discussed the proposed New Prosperity Mine by Taseko Mines. However, I did not elaborate on what the declaration of a “tribal park” meant for the future of the region; nor did I discuss other external forces in play.

Tribal parks are not legally recognized entities. They are unilaterally designated by aboriginal governments. This means they are legally unbinding, and although mining, and all other forms of heavy industry are “not allowed” within these regions, these rules are not enforced by the provincial or federal governments, and Taseko can chose to ignore them if they so wish.

So what purpose does this declaration serve?

This declaration serves as a caveat to Taseko, an obstacle created by the first nations for the mining company. The (unnecessary) decision to declare corporate-owned land part of a tribal park can be seen as an incendiary move by the nation to show that they are a serious external force: a real threat.

However, the first nations are not the only external forces at play. The provincial and federal governments are also on opposite ends of the spectrum when it comes to this issue. The provincial government’s support for the mining project provides Taseko with important opportunity. However, the federal government is opposed to the New Prosperity mine and has rejected the issuance of its permits.

Taseko is set to appeal the federal governments decision later this month.

So what does this mean for the future of Taseko?

Despite strong opposition, Taseko will continue to fight for its ability to develop this mine as the revenue it would generate would be substantial. Taseko’s main responsibility is to maximize returns to its shareholders, and willingly conceding would put the company at odds with its investors.