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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

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Post by Nomad3on Apr 12, 2017 10:43am
341 Views
Post# 26112158

Were F__ked. Licence suspended

Were F__ked. Licence suspended

translated from 

https://www.jesocarneiro.com.br/mineracao/tribunal-de-brasilia-suspende-licenca-da-mineradora-belo-sun-no-rio-xingu.html

TRT1 ( 
Regional Federal Court), of the 1st Region , based in Brasilia, suspended the installation license granted by the Par government to the Canadian mining company Belo Sun Mining Corporation.

The company designed the installation of the largest gold mine in Brazil in the region affected by the Belo Monte hydroelectric dam, called Volta Grande do Xingu, between the cities of Altamira and Senator Jos Porfrio.

Read also 
Geologist asks that Par, different from MT and MG, 'chord' for mining

To date, Belo Sun has not presented valid studies of the impact of the project on the indigenous peoples of the region.

According to federal judge Jirair Meguerian, the mining license to be installed, without the studies of the indigenous component, disobeys the TRF1's previous judicial decision, which allowed the continuation of the licensing, with the express guidance that the impact on The Indians.

 

The Arara and Juruna ethnicities will be affected by mining, but the company presented to the National Indian Foundation a study considered unfit because it did not contain any data collected within the indigenous areas and because previous consultations with the Indians had not been made.

Instead of refusing the license, Semas gave a period of 3 years for the company to "conduct" the studies.

FUNAI

For the judge, the "issuance of installation license to the project Volta Grande de Minerao contemplating conditional with a term of 1095 days for negotiations, conducts and executions with Funai regarding the Study of Indigenous Component is evident non-compliance with a judicial decision, not And may be tolerated by the Judiciary. "

"Thus, and considering that Funai itself has the attribution to it, said that the study presented by Belo Sun Mining is inapt, it is concluded that the installation license could not have been issued by Semas / PA, being blatant the noncompliance Of the judicial decision, "he concluded.

This is the second court decision suspending the installation license of Belo Sun. The project is also blocked by the Court of Justice of the State of Par, due to land irregularities committed in the acquisition of land for the installation.

5 PROCESSES

The Canadian mining project responds to five lawsuits filed by the MPF, the Public Defender of Par and the Public Defender's Office, for various irregularities.

The Volta Grande mining project is announced by the entrepreneurs as the largest in Brazil.

The plan is to install the mine in Senador Jos Porfrio, about 10 km away from the dam of Belo Monte. Belo Sun, of the Canadian group Forbes & Manhattan, told investors it will extract 60 tonnes of gold in 12 years.

HISTORIC

In December 2012, Funai issued a Term of Reference (with questions to be answered by the Studies) for Belo Sun to carry out the necessary research on the impacts to the Indians living in the Xingu Volta Grande area.

The indigenous people who live in this stretch of 100 km of the Xingu River will suffer the most serious and definitive impact caused by the Belo Monte hydroelectric dam, which is the reduction of the amount of water in the river by 80% to 90%.

The impact is so severe that Ibama, in granting the license to the plant, has established a six-year test period to see if the Volta Grande and the populations will be able to survive the construction of the dam and permanent drought.

In a recent public hearing promoted by MPF in Altamira, the situation of uncertainty regarding the future of the region became clear.

The MPF charges the presentation of a living plan for the residents, but Norte Energia SA, responsible for the works of Belo Monte and for the impacts, did not even send a representative to the public hearing, refusing to dialogue with those affected.

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