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Brazil Minerals (OTCQB:BMIX) increased its current ownership in Duas Barras to 73.75% when it received title to an additional 18.75% of Mineração Duas Barras Ltda. in Brazil.
Through its stake in Duas Barras, BMIX posted revenues of $791,780 in 2013. Of this
revenue, 69% was derived from rough diamond sales and 31% from gold sales. In 2014,
the revenue mix already includes sales of polished diamonds, which command much higher margins than rough ones.
Click here to read the Brazil Minerals (OTCQB:BMIX) press release
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