The biggest Brazilian gold mine belongs to a US company (tags)
Serra Pelada gold mine, in the Amazonian State of Para, one of the main Brazilian gold producers, was bought by the US mining company Phoenix Gems, which paid 40 millions dollars to exploit 100 hectares. The contract of an important part of Serra Pelada mine’s shares, was subscribed last June 5th between a cooperative of "garimpeiros" (Brazilian gold searchers) and the US Company Phoenix Gems.