Returning to the desk, your humble scribe notes this news release from Colossus Minerals (CSI.to) that says:
TORONTO, ONTARIO--(Marketwire - Feb. 26, 2010) - Colossus Minerals Inc. ("Colossus" or the "Company") (TSX:CSI - News) Colossus is issuing this press release to respond to rumours circulated earlier today regarding the status of the environmental approvals for the Company's Serra Pelada project.
Earlier today the Brazilian environmental agency Para State, COEMA (Conselho Estadual de Meio Ambiente), responsible for evaluating and approving or denying environmental impact studies met to consider the environmental application of Colossus and Coomigasp for the Serra Pelada project.
While Colossus anticipates a decision will be made shortly, no such decision has yet been rendered or made public.
Rumours my ass! Why the company says that is beyond me. As noted at 2:40pm on this corner of cyberspace (i.e. 55 mins before the stock was halted) the vote happened and Serra Pelada's enviro permit was approved. Just to make sure, here's the local Pará newspaper with the same news. The vote was eight in favour, two against. Permit granted, end of story. Here's an excerpt (original language)
Maybe Ari just wants a quiet weekend without the phone ringing every five minutes.....Aprovada licença para mecanização de Serra PeladaEm votação, nesta sexta-feira (26) os membros do Conselho Estadual de Meio Ambiente (Coema), aprovaram por oito votos contra dois, a Licença Prévia (LP) para o Projeto de Extração de Minérios Metálicos de Serra Pelada, de responsabilidade da Companhia de Desenvolvimento Mineral (CDI), instalada no município de Curionópolis, no sudeste paraense, a 536 km da capital, Belém.