Brazil Minerals, Inc. (OTCQB:BMIX) has received a request and granted rights to representatives from the Gemological Institute of America to visit the diamond and gold operations of Brazil Minerals’ subsidiary, Mineração Duas Barras Ltda.. The visit will take place this week.
As quoted in the press release:
MDB mines conflict free diamonds and gold, and sells rough and polished diamonds and 96% purity gold. It owns mineral rights encompassing approximately 1,404 acres, including a mining concession, and operates the largest alluvial processing plant in Latin America. Furthermore, MDB has a bankable feasibility study on file with the Brazilian mining department and holds all necessary licenses for continuous operation for mining and processing of diamonds and gold. It also has the license from Brazilian authorities enabling it to export its production of rough or polished diamonds.
Brazil Minerals chairman and CEO, Marc Fogassa, said:
We are delighted to give the GIA’s executives a detailed tour of our diamond and gold operations. The GIA seeks to learn the provenance of gems worldwide and our subsidiary MDB has the only licensed large-scale plant in the Jequitinhonha Valley, a famous area for diamonds for over 200 years. We are therefore excited to host the GIA executives at our producing mine and believe it will be mutually beneficial.