|By Marketwired .||
|August 6, 2014 11:07 AM EDT||
BELO HORIZONTE, BRAZIL -- (Marketwired) -- 08/06/14 -- Brazil Minerals, Inc. (OTCQB: BMIX) (the "Company" or "BMIX"), a U.S. holding company with revenues from diamonds and gold, announced that it has held preliminary discussions with the Panama Diamond Exchange ("PDE"), scheduled to become the first and only diamond bourse in Latin America.
BMIX's conversation regards the potential of PDE to be an additional channel to BMIX to sell its rough and polished diamonds to global buyers. The PDE anchors the newly launched $200 million Panama Gem & Jewelry Center, which according to its published profile "is the largest and most ambitious development project ever undertaken on behalf of the jewelry and gemstone trades in Latin America. Serving as a trading hub for both regional and international companies, the center will serve a market that today is worth $8 billion, and comprises 11,500 retail jewelry outlets located in 20 countries and 23 islands."
Mineração Duas Barras Ltda ("Duas Barras"), BMIX's Brazilian subsidiary, has the largest alluvial plant in Latin America for diamonds and gold. As PDE and its affiliated Gem & Jewelry Center want to become the largest diamond and jewelry trading hub in Latin America, BMIX views this potential business relationship as mutually attractive.
Separately, BMIX had been invited by the conference organizers and will present today its diamond and gold-producing subsidiary Duas Barras at the 12th annual edition of the Equipo Mining Conference being held in Belo Horizonte, Brazil, August 5-8, 2014. This conference is attended by executives from major mining companies in the region.
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.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Brazil Minerals, Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Brazil, general economic conditions, geopolitical events and regulatory changes, availability of capital, BMIX's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Cautionary note regarding estimates of Indicated and Inferred Mineral Resources as found in the Duas Barras NI 43-101.
We advise U.S. investors that while these terms are recognized by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into mineral reserves.
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