Belo Sun Mining provides update on developments on Volta Grande Project

Belo Sun Mining reports that the Federal Court of Appeals in Brasilia has ruled unanimously that going forward, the Federal Brazilian Institute of the Environment will be the competent authority for the environmental permitting process of the Volta Grande Gold Project. Commenting on the TRF1 ruling, Peter Tagliamonte, President and CEO of Belo Sun, said, “We appreciate the TRF1 Court clarifying the roles and responsibilities of the state and federal agencies with respect to future permitting and licensing activities at Volta Grande. We also appreciate the Court’s decision to maintain the validity of our existing permitting process, which were lawfully conducted. Belo Sun is prepared to work with IBAMA in its permitting process, as well as with the local municipality, communities and Indigenous groups. We look forward to establishing a constructive and transparent relationship with IBAMA and to working with the agency on bringing the Volta Grande Project into production for the benefit of all stakeholders.”