Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Belo Sun Mining Corp BSXGF


Primary Symbol: T.BSX

Belo Sun Mining Corp. is a Canada-based mining company with a portfolio of gold-focused properties in Brazil. The Company is focused on the development of the Volta Grande Gold Project. The Volta Grande Gold Project covers over 2,400 hectares within the 'Tres Palmeiras' greenstone belt. The Volta Grande Gold Project is located in Para State, Brazil, approximately 60 km south-east of the city of Altamira. Altamira is a major regional center with a population of approximately 150,000 and is serviced by a local airport and the Trans-Amazonian Highway. The mineral resources on the Volta Grande Gold Project are subdivided in two areas: North Block and South Block. The North Block includes four zones; Ouro Verde, Junction, Grota Seca and Greia; the South Block is located approximately 10 km south.


TSX:BSX - Post by User

Post by SIGG1on Apr 04, 2024 9:47am
87 Views
Post# 35970115

Brazilian court suspends Vale’s Onca Puma mine operating

Brazilian court suspends Vale’s Onca Puma mine operating

Brazilian court suspends
Vale’s Onca Puma mine
operating licence again

Ona Puma nickel mine. (Image: Vale)

A local court has again suspended the operating licence for Brazilian miner Vale’s Onca Puma nickel mine in the north of the country, according to a company securities filing.

Brazil’s Para state won an appeal overturning a previous court ruling that had reinstated the mine’s operating licence, Vale said in a filing late on Wednesday.

The firm said it will adopt the appropriate legal measures, seeking to reverse the latest decision.

Para’s environment department originally suspended the licence to operate Onca Puma, which has an estimated nominal capacity of 27,000 metric tons of nickel per year, in February.

The department at the time flagged irregularities in an annual environmental report and “non-compliance” on mining mitigation efforts that it said resulted in conflicts with local communities.

The mining giant later obtained an injunction temporarily allowing it to resume operations.

A Vale executive said in February that the company did not see signs of environmental or social breach at the mine, adding that an administrative issue could have led to the suspension and the firm would work with authorities to resolve the matter.

Para’s environment department did not immediately respond to a request for comment.


<< Previous
Bullboard Posts
Next >>