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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

Post by ModelT1on Apr 02, 2021 1:10pm
320 Views
Post# 32932269

Another article........

Another article........https://www.diariodaamazonia.com.br/empresa-canadense-quer-abrir-mina-de-ouro-em-plena-amazonia/

Cut and paste translation (March 30, 2021)

A Canadian company is one step closer to building a gold mine in the Amazon rainforest, after a study on how the venture would impact indigenous peoples has been approved by Brazil. The information was provided by the CEO of the company Belo Sun Minerao, in an interview with the Canadian news portal CBC News.
 
According to the portal, the Fundao Nacional do ndio (Funai) has approved the company to consult in the region based on plans to build the gold mine in Par. Belo Sun's CEO, Peter Tagliamonte, says it would be the largest related project to gold in Brazil.
 
However, environmental activists criticize the green light given by Funai, saying that the installation of a gold mine in the region would cause contamination of the forest with toxic products.
 
“We run the risk of contaminating the river with heavy metals and cyanide,” said Rosana Miranda, from So Paulo and a member of the environmental protection group Amazon Watch, cited by CBC News. Rosana says that the company could be on the road to “ecocide” on the Xingu River.
 
Pandemic postpones consultations
The company, however, claims that it will operate to the highest standards of environmental protection, pay more than $ 170 million in taxes and generate companies with good salaries for a "traditionally poor region".
 
“The project will be a positive economic leader. I got involved in the construction and operation of a number of mines and saw, first hand, how well-paid jobs impact a region, ”said Peter Tagliamonte.
 
The CEO says that the project is "fully allowed" and the company would be in the process of consulting indigenous groups in the region. However, Tagliamonte informed that the meetings will only be held when the pandemic situation in Covid-19 shows a significant improvement in Brazil.
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