Back

Economy

24 August, 2017 18:30
font-size

Brazil opens vast Amazon reserve to mining

Brazil's government has abolished a vast national reserve in the Amazon to open up the area to mining.

The area, covering 46,000 sq km (17,800 sq miles), straddles the northern states of Amapa and Para, and is thought to be rich in gold, and other minerals.

The government said nine conservation and indigenous land areas within it would continue to be legally protected.

But activists have voiced concern that these areas could be badly compromised.

A decree from President Michel Temer abolished a protected area known as the National Reserve of Copper and Associates (Renca).

Its size is larger than Denmark and about 30% of it will be open to mining.

The mining and energy ministry says protected forest areas and indigenous reserves will not be affected.

"The objective of the measure is to attract new investments, generating wealth for the country and employment and income for society, always based on the precepts of sustainability," the ministry said in a statement.

But opposition Senator Randolfe Rodrigues denounced the move as "the biggest attack on the Amazon of the last 50 years", O Globo newspaper reported (in Portuguese).

Maurício Voivodic, head of the conservation body WWF in Brazil, warned last month that mining in the area would lead to "demographic explosion, deforestation, the destruction of water resources, the loss of biodiversity and the creation of land conflict".

According to the WWF report, the main area of interest for copper and gold exploration is in one of the protected areas, the Biological Reserve of Maicuru.

There is also said to be gold in the Para State forest, which lies within the area.

The WWF says there is potential for conflict too in two indigenous reserves that are home to various ethnic communities living in relative isolation.

WWF's report said that a "gold rush in the region could create irreversible damage to these cultures".

"If the government insisted on opening up these areas for mining without discussing environmental safeguards it will have to deal with an international outcry."-announces bbc.

Omega Motor City Grand Opening - Iberia TV

19 June, 2018 , 12:31

Omega Motor City Grand Opening - Iberia TV

“BRIDGE OF COOPERATION” - Unique Armenian-Georgian business event

12 June, 2018 , 16:06

Unique Armenian-Georgian business event called "Bridge of Cooperation" was held on June 8, 2018 in Tbilisi, at the King Giorgi & King Mirian hall of Tbilisi Marriott Hotel. The event has been initiated by the analyti

Omega Motor Group Opens First Prime-Class Automobile Street in Georgia

7 June, 2018 , 12:02

Omega Motor Group has opened the first prime class automobile street in Georgia’s capital, Tbilisi.  The presentation of the innovation concept project - the Omega Motor City was held on the 10th kilometer of

PASHA Bank partners the second Investment Business Forum by BIA

17 May, 2018 , 14:04

On May 15th -16th the second annual international investment forum “Georgia – Land of Opportunities” organized by BIA was held at Radisson Blu Iveria Hotel. PASHA Bank was the partner of the event for t

EBRD left prognosis of Georgia’s economic growth at 4.5%

10 May, 2018 , 10:13

The European Bank for Reconstruction and Development (EBRD) published renewed prognosis of economic growth of 37 countries. The average growth in these countries for 2018 is 0.3 %. The prognosis of Georgia’s econom

Mamuka Bakhtadze: No one will step back in implementation of the reform with regard to loans

7 May, 2018 , 15:44

I would like to state with full responsibility that no one will step back in implementation of the reform with regard to solve excess loans problem and establish a new and fair game rules in Georgia. We will do it very q

Live TV

daily calendar

video gallery

Omega Motors opens BMW and MINI dealership center in Batumi