Brazil Minerals, Inc. (the "Company" or "BMIX") announced today that its subsidiary and diamond and gold miner, Mineração Duas Barras Ltda ("Duas Barras"), is being added to the list of the Top 200 Mines in Brazil.
This ranking, compiled by Revista Minérios & Minerales, a leading industry publication, is made on the basis of volume of the primary mineral extracted in a given mine. Duas Barras expects to achieve the number one or two ranking for diamond mine in Brazil when the list is published.
"Diamonds Regain Their Sparkle for Miners on Rising Demand and Prices - Sector Now Delivering Some of the Healthiest Returns in the Mining World"
Recently, The Wall Street Journal published a news report entitled "Diamonds Regain Their Sparkle for Miners on Rising Demand and Prices - Sector Now Delivering Some of the Healthiest Returns in the Mining World". The Company believes that this article provides important background to understand the current favorable dynamics in the diamond business. The link to the online version of this report is here:
BMIX received a formal invitation to present its diamond-producing subsidiary, Duas Barras, at the 12th annual edition of the Equipo Mining Conference being held in Belo Horizonte, Brazil, August 5-8, 2014. Marc Fogassa, Chairman and CEO, and Robledo Delatorre Ribeiro, Head of Operations in Brazil, will present and be available for meetings at the conference.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTCQB: BMIX), a U.S. holding corporation, has ownership of 73.75% of Duas Barras, a Brazilian mining company that mines diamonds and gold, and sells polished and rough diamonds as well as gold bars with 96% purity. BMIX also owns stakes in other subsidiaries in Brazil with mineral rights and/or options on projects in diamonds, gold, and other minerals. More information on BMIX, including an investor presentation, can be found at www.brazil-minerals.com.