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 St. George. BMIX and St. George reached an agreement that allowed this [...]
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 concession owned by the Company's subsidiary, Mineração Duas Barras Ltda. ("MDB"). BMIX previously had access to only one mining concession for diamond and gold from MDB. BMIX paid a total of 250,000 Brazilian real (approximately US$110,000 at the then prevailing exchange rate, or US$87,000 at today's rate) for this 25% acquisition of RST shares. Of th... [...]
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, a company owned by a trust whose beneficiary is BMIX's CEO, acting on [...]
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 Company acquired a front-end loader and a large truck; both will be used [...]
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 not backed by any collateral. The proceeds received will be used primarily [...]
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 and strategy. Details on the transaction can be found in the Current [...]
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. Sand is a byproduct of the processing for diamonds and gold. The sand is [...]
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 the Gemological Institute of America ("GIA"), had achieved an average value [...]
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... [...]
