All will benefit from this project...Win Win...😀👍 The Volta Grande Project is a venture of Belo Sun Mineracao, a subsidiary of the Canadian Belo Sun Mining Corp., with shares listed on the Toronto Stock Exchange, the TSX (Toronto Securities Exchange). Located in the municipality of Senador Jose Porfirio, the project represents a total investment of R$1.22 billion and represents an opportunity for economic diversification in the central-west region of Para.
In the installation phase, 2,100 direct jobs and another 6,300 indirect jobs will be generated. In the operation, 526 more direct and 1,500 indirect. The average production will be approximately five tons of gold per year, in at least 12 years of useful life, with the possibility of extending the term, due to the mineral potential of the region.
The company's commitment will always be to prioritize local labor and suppliers, with qualification programs and support for initiatives by partner institutions, in order to prepare the population to position itself ever better in the job market. Considering salaries, general costs, expenses, taxes, royalties, among others, Belo Sun Mineracao should inject more than R$ 1 million per day into the region's economy when the Volta Grande Project is operating.
For Senator Jose Porfirio, a substantially higher amount will be allocated during implementation and operation than what is currently collected through the Municipal Participation Fund (FPM), its biggest source of resources. The municipality will have, per year, R$ 19 million in the construction phase and R$ 5 million when the mine starts operating. Once in operation, around R$ 5 million per year will also be collected in Financial Compensation for Mine Exploration (CFEM).