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Brazil Minerals (OTCQB:BMIX) announced the acquisition of a front-end loader and a large truck, the last two capital equipment items needed to have its own initial complete fleet for operations in diamonds, gold, and sand.
As quoted in the press release:
The Company acquired a front-end loader and a large truck; both will be used for transport of diamondiferous and auriferous gravel for processing at the recovery plant in BMIX’s Mineração Duas Barras Ltda. and for sand-related operations. The Company is paying half the cost of these two items by allowing the seller to pick up sand from its mining concession over a certain timeframe; the other half is being paid in cash monthly installments with no interest. The sand being used for this transaction constitutes a very small amount of the volume available.
With this fixed asset investment, BMIX is now self-sufficient for diamond, gold, and sand operations, as far as capital equipment is concerned.
Click here to read the Brazil Minerals (OTCQB:BMIX) press release
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