A Canadian gold miner has found itself under attack by a powerful environmental group seeking to starve it of investment dollars in an attempt to block it from building what would be the largest open pit mine in Brazil, republicofmining.com writes.
Toronto-based Belo Sun Mining Corp. found a rich gold deposit about 1,000 kilometres northwest of the Brazilian capital of Brasília in 2015, and now plans to build an open pit mine in the Brazilian rainforest near a bend in the Xingu River, one of the largest clearwater rivers in the Amazon basin.
Standing in Belo Sun’s way is Amazon Watch, an Oakland, Calif.-based nonprofit with an established track record of pushing international miners out of Indigenous territory in South America.
Last year, the group asked the Ontario Securities Commission to investigate Belo Sun, and last week it used the UN’s COP15 conference on biodiversity in Montreal as a platform to launch its latest volley against the company, releasing a report on Dec. 9 that condemns the Big Bend project.
Alex Shishlo for Rough&Polished
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