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Belo Sun Mining Corp T.BSX

Alternate Symbol(s):  BSXGF

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

Bullboard Posts
Comment by wwadehammeron Apr 12, 2014 8:04pm
217 Views
Post# 22444403

RE:RE:Belo Monte discussion

RE:RE:Belo Monte discussion

Here is a translation of Perfectos post.  It seems that another area wants contributions to public works like the Belo Monte Dam Project.  So it appears the Belo Monte Dam project is well though of in Brazil because of the planned community contributions.  Please comment Perfecto if that is not correct.  And thank you Perfecto for your posts.

 

The Federal Public Ministry ( MPF / MS ) manifested by holding more public hearings before approving the expansion project of mining Vetria in Corumbá region of the Pantanal of Mato Grosso do Sul . The company announced an investment of U.S. $ 11.5 billion in the expansion of industrial plant in the municipality . For the MPF , it is necessary that the Institute of Environment MS ( IMASUL ) , responsible for licensing the project , listen to the community and others interested in the work , to determine the constraints of the project.

 

The MPF established procedure to follow in detail all the positive and negative impacts related to the activity , and if environmental conditions are compatible with the pollution generated by the project. At a meeting in the Attorney Corumba , residents of the settlement Mato Grande , Albuquerque District and Antonio Maria Coelho community directly affected by the activity , highlighted the lack of water as a critical factor in site.

 

According to reports , with the onset of some mining streams in the Morraria Annatto already dried up the flow of other streams was reduced and water quality of these streams is impaired . Some communities are filled only with water trucks and water is stored in reservoirs inadequate water .

 

For the MPF , " on the Belo Monte dam in Pará , 13 % of the total investment ( U.S. $ 30 billion ) were applied to environmental constraints . In Corumbá Vetria announced it will allocate only 0.4 % of total investment ( U.S. $ 11.5 billion ) for environmental compensation . The mayors of Corumbá and Ladário as well as the governor of the state , need to engage with mining companies and environmental agencies to ensure that the best practices adopted in the case of licensing the Belo Monte Plant are applied in the Pantanal . And in Pará were not only the communities directly affected with conditions that were answered , but the entire population of five counties of that state. "

 

Belo Monte , the construction of 3,900 houses , 92 schools, spread across 5 cities in the state of Pará , 28 health centers and one regional hospital with a capacity of 100 beds , plus 50 km of sewer pipe is planned . On an investment of U.S. $ 11.5 billion , would be possible to build , in theory , more than 1,500 homes , about 30 schools, 10 health centers and 15 km from the sewer pipe .

 

The IMASUL states that have not yet defined the conditions for the expansion of mining . At the public hearing , the company has not announced any intention to deploy similar to Para constraints , ie , it is unclear how the people directly affected by the project , as well as other citizens of Corumbá and Ladário , will benefit.

 

It is the role of MPF ensure a balance between the negative impacts of the project and the environmental conditions that must be performed . The MPF has the duty to verify the environmental sustainability of the whole enterprise .

 
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