The move comes after a court overruled a suspension of the environmental licensing process for the project in the state of Pará, which is expected to cost upwards of R$30bn ($17.5bn).
“The auction for Belo Monte is viable for January,” says Márcio Zimmermann, executive secretary of the Ministry of Energy and Mines.
The delay is due to a struggle over environmental licensing that saw federal adjudicators reverse a suspension requested by state and federal prosecutors within hours.
The
