The Globe and Mail reports in its Tuesday edition a Brazilian court has suspended the environmental and provisional licences of Belo Sun Mining. The Globe's Stephanie Nolen writes this puts a significant new obstacle in the way of the company's plans to develop Brazil's largest gold mine on a tributary of the Amazon.
Last November a federal court suspended the company's environmental permit, saying Belo Sun had not taken necessary steps to analyze the mine's potential impact on indigenous peoples.
In December, Belo Sun won temporary permission to keep operating while awaiting a final ruling, and when that ruling came last week, the judge said the mine would cause "negative and irreversible damage to the quality of life and cultural heritage" of the Juruna and Arara peoples and that Belo Sun must complete a study of this issue before it can proceed. Chief executive officer Mark Eaton said the indigenous impact study is already under way and that the new ruling does not extend the company's timeline for production. Mr. Eaton said the company needs another five months to finish the study, and will "probably appeal" the federal court suspension. Belo Sun closed Monday at 17.5 cents,
down half a cent.
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