PASADENA, CA--(Marketwired - Jul 13, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") reported today that its subsidiary RST Recursos Minerais Ltda. ("RST") has obtained from the local environmental regulatory agency a permit to initiate mining for diamonds and gold in one of its mineral rights areas. The permit obtained is [...]
PASADENA, CA--(Marketwired - Jun 15, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that it has cut its Brazilian fixed costs by 50% as a result of the relocation of its Brazilian administration to an office 15 miles away from its diamond, gold, and sand mine operations. To facilitate oversight and [...]
BELO HORIZONTE, BRAZIL--(Marketwired - May 26, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that its Senior Geologist, J. Francescatto, and his team had successfully concluded the first phase of geological assessment in a dry area for diamonds and gold near a margin of the Jequitinhonha River in the State of [...]
BELO HORIZONTE, BRAZIL--(Marketwired - May 5, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that the amount of variable-rate convertible debt that has been converted into its common stock has totaled $411,472 so far in 2015. This value has not been audited, and is based on information received from the [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Apr 30, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that the second exploratory drilling hole in a new dry area for diamonds and gold, utilizing the Company's own Banka 4-inch drill, has yielded positive results. The results of the first exploratory hole have been [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Apr 27, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today the preliminary result for the initial drilling of a new dry area for diamonds and gold, utilizing the Company's own Banka 4-inch drill. The first exploration hole in such area yielded a sizeable layer of "starched [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Apr 20, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that it had been featured in TCR, a well-regarded mining newsletter, with a price target for its common stock approximately eight times greater than the last closing price. TCR specializes in smaller capitalization [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Apr 6, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that it had mined its largest rough diamond to date at 4.01 carats. This gem has very good appearance and no visible points or inclusions, and thus appears to be able to yield high color and clarity grades. The Company [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Mar 12, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that its subsidiary Mineração Duas Barras Ltda ("MDB") has signed a non-exclusive contract with a Brazilian company for the ongoing sale of sand. The initial term of the contract runs until December 31, 2015. BMIX has received other proposals to sell its sand and is studying them. Pursuant to the signed contract, this customer is obligated to purchase a minimum volume of sand per month ("Minimum Volume"). The cash payable to MDB for the Minimum Volume will cover the salary costs of all of the employees working in diamond, gold, and sand operations at MDB. Any cas... [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Mar 9, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that it signed a Forbearance Agreement with St. George Investments, LLC ("St. George") last week which resulted in approximately $62,500 in convertible debt of the Company being extinguished from a certain note held by [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Feb 24, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that José Francescatto, a well-known diamond and gold geologist, has been added to the Company's team. BMIX additionally hired a full-time in-house Senior Accountant and a Financial Manager. It also promoted a manager to Director of Sand Operations. All of these assignments are local to Brazil. BMIX's new Senior Geologist, Mr. Francescatto, has over 36 years of experience primarily in diamond and gold properties. In particular, he was Chief of Geology at Mineração Tejucana S/A ("Tejucana"). Tejucana has a revered history as the most successful diamond mining... [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Feb 23, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today that it has received title to 25% of RST Recursos Minerais, Ltda. ("RST"), a Brazilian company with 10 mining concessions and 12 other minerals rights, all for diamond and gold. The concessions are near the mining [...]
