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Tag Archives: BMIX

Brazil Minerals, Inc. Now Owns 100% of the Duas Barras Diamond & Gold Mine

BELO HORIZONTE, BRAZIL–(Marketwired – Oct 7, 2014) – Brazil Minerals, Inc. (OTCQB: BMIX), (the “Company” or “BMIX”), a U.S. holding company with revenues from sales of polished and rough diamonds as well as gold bars, all from its own production, announced today that it had purchased and formally received title to the remainder of Mineração Duas Barras Ltda. (“MDB”) that it did not own before. MDB is the first operational, revenue-generating business owned fully by BMIX. Aside from regular payables for operations, there is no debt in MDB.

Marc Fogassa, Chairman and CEO of BMIX, commented: “Our original goal had been to finish the acquisition of 100% of MDB by the end of 2014. I am delighted that we were able to expedite this plan and beat it by three months. MDB under our management team supervision has gone from a distressed asset to a producer of polished and rough …

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Brazil Minerals, Inc.’s Third Quarter Revenue Guidance Shows Increases of 212% Over Preceding Quarter and 14% Over Third Quarter 2013

BELO HORIZONTE, BRAZIL–(Marketwired – Oct 1, 2014) – Brazil Minerals, Inc. (OTCQB: BMIX) (the “Company” or “BMIX”), a U.S. holding company with revenues from sales of gold and diamonds, announced today its revenue guidance for the third quarter of 2014. BMIX expects revenues of approximately $303,000, which would be 212% higher than last quarter’s and 14% higher than the revenues obtained a year ago during the third quarter of 2013.

In the third quarter of 2014, revenues were derived from sales of rough diamonds, gold, and polished diamonds. In addition to continued revenue contribution from these three different areas, the Company expects to start the sale of sand in the fourth quarter of 2014. The Company further expects to start revenues from fancy colored diamonds (polished or jewelry mounted) in 2015.

“We are very pleased with our sales in the quarter,” stated Marc Fogassa, CEO and Chairman of BMIX. “We …

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Brazil Minerals, Inc. Receives GIA Grading for Mined Fancy Colored Diamond

BELO HORIZONTE, BRAZIL–(Marketwired – Sep 24, 2014) – Brazil Minerals, Inc. (OTCQB: BMIX), (the “Company” or “BMIX”), a U.S. holding company with revenues from sales of gold and diamonds, announced today that one of the diamonds produced by Mineração Duas Barras Ltda. (“MDB”) was graded as a fancy color diamond by the Gemological Institute of America (“GIA”).

Fancy colored diamonds are much rarer than the usual colorless gems that MDB produces. Colored diamonds lend themselves well to specific jewelry pieces, which may command a price substantially higher than a sale of the polished diamond. BMIX is studying the Brazilian colored diamond market because of the high margins that it can produce and the fact that it is complementary and synergistic to its current colorless diamond business. The colors most commonly seen in Brazilian fancy diamonds are yellow, pink, and blue.

MDB mines conflict free diamonds and gold, and sells rough …

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Goldman Small Cap Research Issues Research Report on Brazil Minerals, Inc.

BALTIMORE, Sept. 16, 2014 /PRNewswire/ — Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, announced today that it has released a new research report on Brazil Minerals, Inc. (OTCQB: – BMIX), a pure play on the huge Brazilian natural resources space and the only publicly-traded diamond and gold company from Brazil.

Brazil Minerals, Inc. is a revenue-generating U.S. holding company in the natural resources area. The Company’s primary holding is its 86.88%-owned Mineracao Duas Barras Ltda. (“MDB”), a Brazilian producer located in the state of Minas Gerais, which mines conflict free diamonds and gold, and sells rough and polished diamonds and 96% purity gold. MDB has a fully-operational mining concession and the permit to export its production of rough and polished diamonds. MDB also owns the largest alluvial processing plant in Latin America. Additionally, BMIX holds 100% ownership of the …

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Brazil Minerals, Inc. Receives Environmental Permit for New Mineral at Its Gold and Diamond Mine

BELO HORIZONTE, BRAZIL–(Marketwired – Sep 11, 2014) – Brazil Minerals, Inc. (OTCQB: BMIX), (the “Company” or “BMIX”), a U.S. holding company with revenues from gold and diamonds, announced today that its subsidiary, Mineração Duas Barras Ltda. (“MDB”), had obtained the formal environmental permit to remove and commercialize sand, which is found in abundance in its mine. MDB operates an open pit mine and has the largest alluvial processing plant for gold and diamonds in Latin America.

The Company has received formal permission from SUPRAM (Superintendência Regional de Regularização Ambiental, the local environmental regulator) allowing the removal and commercialization of sand from the mining concession at MDB. Sand is a normal operational byproduct of the processing of alluvial gravel for diamonds and gold at the MDB plant, and therefore there is no direct cost to MDB in obtaining sand in large quantities. The Company has performed geochemical testing of several samples …

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