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...
[...]