Belo Sun drops 7% as doubts over $1 billion Amazon gold mine creep in

Belo Sun (TSX:BSX) dropped by as much as 7.5% on Thursday after Brazil's federal authorities ordered further environmental and social impact studies for the company's Volta Grande project in Pará state.

According to reports Brazil's Federal Public Ministry (MPF) this week sent two recommendations to the Secretary of Environment of Pará (SEMA) to warn  that no license be granted without prior environmental impact studies and consultations with the local indigenous people

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