Kabu

Agreement with Indigenous Communities for Coringa development

Retrieved on: 
星期一, 七月 31, 2023
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Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, announces that it has signed an agreement with the representatives of the indigenous communities (together “the Parties”) confirming their support for the long-term development of the Coringa project and setting out the steps to be followed to complete the consultation process (“the Baú TI Agreement”).

Key Points: 
  • Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian-focused gold mining and development company, announces that it has signed an agreement with the representatives of the indigenous communities (together “the Parties”) confirming their support for the long-term development of the Coringa project and setting out the steps to be followed to complete the consultation process (“the Baú TI Agreement”).
  • The agreement has been signed with Kabu Institute (“Kabu”) and the Mantino Indigenous Association (“Mantino”) who together represent all of the communities of the Baú Indigenous Territory (“Baú TI”) and is the culmination of an extended period of engagement with the indigenous communities to fully understand and provide assurances regarding their expectations about the project.
  • The agreement has been presented and received approval of the Public Prosecutor’s Office and the Federal Court.
  • The Parties have agreed not to take actions to suspend the development of the Coringa project in recognition of the long term direct and indirect local economic benefits.