By SELES NAFES
A Canadian mining company wants to take over the operation of the Tucano mine, in the municipality of Pedra Branca do Amapari, about 190 km from Macapá. The information comes from the Revista Oeste website and has been confirmed by the NS Portal with company sources.
According to the publication, the Pilar Gold Group reached an agreement last Saturday (12) with Great Panther Mining to buy 100% of the shares of Mina Tucano, paralyzed since the end of last year.
The agreement also includes the purchase of 100% of the shares of Tucano Resources Mineração, the company that operated the mine. Values involving the stock purchase were not disclosed. Gold mining is important to the economy of the region.
The town halls of Pedra Branca and Serra do Navio felt the full impact of the shutdown when they stopped collecting large fees. The crisis was even more pronounced due to layoffs at the mining company’s plant and in outsourced companies.
However, for the share purchase agreement to be implemented, the companies are waiting for the court to approve Great Panther’s receivership plan, which includes settlements with creditors. The receivership began in September 2022.
Despite this, the Canadian mining company already estimates the resumption of operations in Amapá by the end of this year.
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