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Bullboard - Stock Discussion Forum 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... see more

TSX:BSX - Post Discussion

Belo Sun Mining Corp > Belo and Government of Para State are partners.
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Post by Eldoradosucks on May 18, 2022 12:47pm

Belo and Government of Para State are partners.

The government of Para avoided commenting on the irregular purchase of 21 land reform settlement lots by Canadian mining company Belo Sun in Volta Grande do Xingu, which took place earlier, according to Incra, a federal agency. Asked by Estado about what measures the management of Helder Barbalho would take in relation to the case, the government of Par limited itself to answering: "The Secretary of Environment and Sustainability of Para (Semas) informs that the installation license for the aforementioned enterprise is suspended since 2017, by court decision". The fact is that, in the same way that Incra is now joining the Canadian mining company to profit from the gold that will be taken from a settlement, the government of Para has partnered with Belo Sun in a project to build a gold refinery in the state. . In February, during an event held by Governor Helder Barbalho, at Palcio dos Despachos, in Belm, "a protocol of intentions" was signed with six mining companies, including Belo Sun. Helder Barbalho said, at the time, that the idea is to implement "the largest gold refinery in the country" within Para, with the support of these companies. Belo Sun states that its Volta Grande Project will have a total investment of R$1.22 billion.
Comment by mrleao on May 18, 2022 1:01pm
This means the Government of Para got the power back from the Federal Court to reissue the Construction License sooner than later specially on reelection year for the Governor of Para. It's all about Jobs Jobs Jobs. Just remember SEMAS is the Secretary of Environment and Sustainability of Para. GLTA
Comment by Blunty1969 on May 18, 2022 4:46pm
The indigneus are saying they are being forced to sell take it or lose it, those are the rumours 
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