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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
Post by mrleaoon Dec 18, 2017 4:37am
143 Views
Post# 27176095

Belo Sun weren't expecting this result...

Belo Sun weren't expecting this result... Ubiratan Cazetta, one of the federal prosecutors who brought the case. "Belo Sun weren't expecting this result - They believe our institutions don't work ," Mr. Cazetta said. "They have this discourse about how, 'We are making things better for these people; the indigineous are so poor and we are bringing progress,' that they think will convince everybody and then they will be allowed to do whatever they want. But we are in different moment in Brazil." The decision sets the project back at least a year, and in their ruling, the three-judge tribunal blasted the company for failing to consult indigineous people sufficiently.
Bullboard Posts