Canadian mining company Belo Sun has filed a lawsuit against community leaders and environmental rights groups for allegedly invading and occupying company-owned land, in a case the defendants are calling…
Canadian mining company Belo Sun wants to build a huge gold mine in the Big Bend of the Xingu region, in Pará; project foresees the extraction of 74 tons of gold in 20 years of operation.
Before Jair Bolsonaro took office as Brazil’s president in 2019, Canadian investment bank Forbes & Manhattan was facing problems with its business activities in the Brazilian Amazon. The situation began…
Major investment managers including BlackRock and Capital Group are among more than a dozen U.S. and Brazilian institutions heavily financing mining companies that are destroying Indigenous reserves and their inhabitants’…
Illegal mining in protected areas in the Brazilian Amazon saw as much as a fivefold increase since 2010, a gold rush driven largely by surging prices in international markets. Over…
“Based on the high probability of failure of the proposed tailings dam, the Volta Grande Gold Project should be rejected by the Brazilian regulatory authorities without further consideration.”
Exclusive data shows that the mining company has 11 survey petitions filed with the National Mining Agency (NMA) that would directly affect the Arara da Volta Grande do Xingu and Trincheira Bacajá Indigenous Reserves in the state of Pará. The project was planned to be the largest open-air gold mine in Latin America.
Amazon mega-dam was built with 11,233 MW capacity, but has fallen far short, even as deforestation and drought make the goal more remote. The US$9.5 billion dam may never be profitable.
