Bullboard - Stock Discussion Forum Belo Sun Mining Corp T.BSX

Alternate Symbol(s): BSXGF

Metals & Mining Gold

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... see more

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Belo Sun Mining Corp > Article on Belo Sun in Brazil

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Post by Lockstock1 on Feb 08, 2024 6:29am

Article on Belo Sun in Brazil

I saw this article in a Brazilian website - Notcias de Minerao Brazil. Translated as below. Anyone know what this means for Belo?

MPF wants to cancel concession for Volta Grande project in Xingu

The Federal Public Ministry (MPF) asked the Court on Tuesday (30) to annul the government's concession contract with the mining company Belo Sun for the implementation of the Volta Grande gold project, in the Xingu region, in Par, due to irregularities . Licensing for the development of the largest open-pit gold mine in the country, with a target of producing 5 thousand tons of the precious metal per year and investment originally expected at R$1.2 billion, has been suspended since 2017.

Also posted here https://www.google.com/amp/s/www.gazetadopovo.com.br/republica/mpf-anulacao-contrato-mineradora-projeto-ouro-para/amp/

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