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Construction and development of Serra Pelada has gone on for about a year and the mine is on schedule for production in mid-2013.
FORBES: Serra Pelada Set To Resume Gold, Platinum, Palladium Production Again In 2013
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Colossus and COOMIGASP formed a joint venture to develop Serra Pelada.
FORBES: Serra Pelada Set To Resume Gold, Platinum, Palladium Production Again In 2013
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After remaining largely untouched for the last 20 years, COOMIGASP, a registered Brazilian cooperative company made up of some artisanal miners from the original Serra Pelada rush, was granted an exploration license for the property.
FORBES: Serra Pelada Set To Resume Gold, Platinum, Palladium Production Again In 2013
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Serra Pelada, at its peak in the 1980s, saw as many as 80, 000 artisanal miners (called garimpeiros) mine roughly 2 million ounces of gold as well as platinum and palladium from a hand-dug open pit.
FORBES: Serra Pelada Set To Resume Gold, Platinum, Palladium Production Again In 2013