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Belo Sun Mining Corp T.BSX

Alternate Symbol(s):  BSXGF

Belo Sun Mining Corp. is a Canada-based development and mineral exploration mining company. The Company is advancing Brazil's undeveloped gold deposit at the Volta Grande Project in Para State. The Volta Grande Project is situated in the Tres Palmeiras greenstone belt in Para State, Brazil. Although the project's mining license covers 2400 hectares (24 square kilometers), the actual area dedicated to the mining operation is much smaller, encompassing only about 10 square kilometers. The Volta Grande Gold Project is accessible by both road and river. Altamira is a major regional center with a population of 150,000 and is serviced by a local airport and the Trans-Amazonian Highway. The Volta Grande Project's mineral resources are divided into two areas: the North Block and the South Block. The North Block comprises four zones: Ouro Verde, Junction, Grota Seca, and Greia. The South Block is situated approximately 10 kilometers to the south-east.


TSX:BSX - Post by User

Post by SIGG1on Apr 04, 2024 9:47am
108 Views
Post# 35970115

Brazilian court suspends Vale’s Onca Puma mine operating

Brazilian court suspends Vale’s Onca Puma mine operating

Brazilian court suspends
Vale’s Onca Puma mine
operating licence again

Ona Puma nickel mine. (Image: Vale)

A local court has again suspended the operating licence for Brazilian miner Vale’s Onca Puma nickel mine in the north of the country, according to a company securities filing.

Brazil’s Para state won an appeal overturning a previous court ruling that had reinstated the mine’s operating licence, Vale said in a filing late on Wednesday.

The firm said it will adopt the appropriate legal measures, seeking to reverse the latest decision.

Para’s environment department originally suspended the licence to operate Onca Puma, which has an estimated nominal capacity of 27,000 metric tons of nickel per year, in February.

The department at the time flagged irregularities in an annual environmental report and “non-compliance” on mining mitigation efforts that it said resulted in conflicts with local communities.

The mining giant later obtained an injunction temporarily allowing it to resume operations.

A Vale executive said in February that the company did not see signs of environmental or social breach at the mine, adding that an administrative issue could have led to the suspension and the firm would work with authorities to resolve the matter.

Para’s environment department did not immediately respond to a request for comment.


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