Everywhere you look, political corruption and corporate greed are creating severe threats. Along the Xingu River in the Brazilian Amazon, Belo Sun’s long-stalled mega-mine is dangerously close to breaking ground, and the consequences could be catastrophic for our global climate.
A recent cash infusion from La Mancha Resource Capital, combined with a shocking court ruling, has given the gold mining company new momentum to push forward with one of the most destructive projects the Amazon has ever faced.
“La Mancha” means “The Stain” and it is living up to its name by pumping financial oxygen into an extractive project that would generate obscene wealth for a few while irrevocably defiling a unique ecosystem that sustains hundreds of communities.
La Mancha’s surprise acquisition of Belo Sun stock came on the heels of a court's sudden reversal that returned its licensing process to a state agency known for rubber-stamping projects. The move sent Belo Sun’s stock soaring, and La Mancha's suspiciously-timed intervention allowed it to double its investment overnight.
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