SAO PAULO, BRAZIL -- (Marketwired) -- 07/01/13 -- Brazil Minerals, Inc. (OTCQB: BMIX) (the "Company" or "BMIX"), a diamond and gold producer with resources and assets in Brazil, today announced that its 55% owned subsidiary, Mineração Duas Barras Ltda. ("Duas Barras"), sold 155% more carats of rough diamonds in the second quarter ended June 30 [...]
Brazil Minerals today reiterated the Company's operational updates provided to shareholders over the last two months. The Company remains confident in its progress in operations. "We have received some investor inquiries regarding our growth plans," began Marc Fogassa, Chairman and CEO of Brazil Minerals. "We have always and will continue to [...]
Brazil Minerals today announced results from a gemological analysis of approximately 300 carats of a recent rough diamond production lot from its Mineração Duas Barras diamond and gold processing plant. This analysis was done upon a request made by a high-end fine jewelry retailer and pre-approved diamond buyer, based in Milan, Italy. The analysis [...]
Brazil Minerals today announced that Mr. Paulo Roberto Amorim dos Santos Lima, a premier Brazilian geologist with more than 40 years of field experience and author of two mining books, has joined its management team as Vice President and Head of Geology, based in Belo Horizonte, the capital of the state of Minas Gerais in Brazil.
Brazil Minerals provided an update to shareholders on its diamond economics. The following information is also outlined in a recent investor presentation posted on BMIX's website and accessible via the link. BMIX's producing mine, Duas Barras, received multiple bids when selling its initial lots of rough diamond and gold in the second quarter of [...]
Brazil Minerals reported its financial results for three months ended March 31, 2013 in its form 10-Q, filed with the SEC on May 14. A summary of BMIX's financial performance and business updates follows. Marc Fogassa, BMIX Chairman and CEO, stated, "As of March 31, BMIX had only the original 20% right to cash flows from just diamond sales in Duas [...]
Brazil Minerals announced that it has added gold revenues to its diamond operations and acquired a majority ownership stake in Mineração Duas Barras, a Brazilian diamond and gold producing mining company. On April 30, 2013, BMIX and Brazil Mining, a privately-held Delaware corporation and the current largest shareholder of BMIX, consummated an [...]
Brazil Minerals announced that John Bell, a former Canadian Ambassador to Brazil, has joined its Board of Directors as of April 23, 2013. Ambassador Bell is also a current director of Goldcorp, a gold producer with $23.5 billion in market capitalization. Additionally, he is a director of Tahoe Resources, primarily a silver producer, with a market [...]
Brazil Minerals announced that it has hired São Paulo- and New York-based MZ Group as its investor relations advisor. MZ Group will assist Brazil Minerals with crafting and executing a comprehensive investor relations and outreach program globally, with a particular emphasis on investor outreach in North America, South America and Asia.
Brazil Minerals reported results for the 10 month transition period ended December 31, 2012. BMIX's 10-K reflected just 11-days of operations as a mining company following its reverse acquisition transaction with Flux Technologies, completed on December 19, 2012. BMIX is now providing further information regarding its corporate structure, outlook [...]