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 [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Feb 20, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today certain agreements with the two largest convertible debt holders in the Company, Group 10 Holdings, Inc. ("Group 10") and St. George Investments, LLC ("St. George"). Under one of the agreements, Saint Valiere, LLC [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Feb 10, 2015) - Brazil Minerals Inc. (OTCBB: BMIX) (the "Company" or "BMIX") announced today it had acquired the last two remaining capital equipment items needed to have its own initial complete fleet for operations in diamonds, gold, and sand, paying half of the cost, approximately US$55,000, with sand. The [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Feb 5, 2015) - Brazil Minerals Inc. (OTCQB: BMIX) (the "Company" or "BMIX") announced today that it received US$200,000 in cash from a group of long-term, value-added investors from the sale of three-year maturity notes with a fixed conversion price and ten percent interest rate. The notes are not secured and [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Feb 2, 2015) - Brazil Minerals Inc. (OTCQB: BMIX) (the "Company" or "BMIX") announced today that its Brazilian subsidiary, Mineração Duas Barras Ltda. "(MDB"), has begun to sell industrial-quality sand. Current customers buy sand at the mine and transport it for resale to home builders. As there is virtually no direct cost to MDB on these sales, they are all profitable. Furthermore, BMIX announced an upward revision of 127% in the estimated availability of sand that MDB has in its recovery bay located near the diamond and gold processing plant, from 200,000 tons to 454,813 tons, based on topological estimates by an outside consultancy. MDB has other areas with i... [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Jan 20, 2015) - Brazil Minerals Inc. (OTCQB: BMIX) (the "Company" or "BMIX") announced today that Brazil's Mining Department ("Departamento Nacional de Produção Mineral," in Portuguese, or "DNPM") has approved the addition of sand as a mineral entity to the mining concession held by BMIX's subsidiary, Mineração Duas Barras Ltda. ("MDB"). The approval was published yesterday in the Federal Official Gazette of Brazil ("Diário Oficial da União"). It is estimated that MDB possesses over 200,000 tons of high quality industrial-use sand in one location and additional areas within its concession with lesser amounts. Sand is beneficial to MDB... [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Dec 15, 2014) - Brazil Minerals Inc. (OTCQB: BMIX) (the "Company" or "BMIX") announced that it has obtained an equity line of credit facility from Global Corporate Finance ("GCF"), a family investment office. Since early 2013 GCF has been in contact with BMIX's management and following the Company's operations [...]