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 [...]
BELO HORIZONTE, BRAZIL--(Marketwired - Dec 3, 2014) - Brazil Minerals Inc. (OTCQB: BMIX) (the "Company" or "BMIX", including its subsidiaries), a U.S. company with revenues from sales of both polished and rough diamonds as well as gold, announced today that it had received a written contract for sale of sand from its Duas Barras mine in Brazil [...]
New Sales Channel Launched BELO HORIZONTE, BRAZIL--(Marketwired - Nov 13, 2014) - Brazil Minerals Inc. (OTCQB: BMIX), (the "Company" or "BMIX"), a U.S. holding company with revenues from gold and diamonds, announced today that diamonds obtained from its mining production during 2014, after being cut and polished at its own facility and graded at [...]
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 t... [...]
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 [...]
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 synergist... [...]
Brazil Minerals, a U.S. holding company with revenues from gold and diamonds, announced today that Goldman Small Cap Research had issued an investment report on BMIX with a rating of Speculative Buy and a price target of $0.30. The report can be accessed in the links below: