Brazil Minerals, Inc.'s Diamond, Gold and Sand Mine Receives Four Year Renewal of Its Environmental License
(firmenpresse) - PASADENA, CA -- (Marketwired) -- 09/09/15 -- Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX") reported today that its subsidiary, Mineração Duas Barras Ltda. ("MDB"), obtained a 4-year renewal of its environmental license of operations ("Licença de Operação"). MDB's application was voted favorably by the COPAM committee, which is made up of representatives from different segments of the local community. This public vote was held yesterday in Montes Claros, state of Minas Gerais, the nearest large city to MDB's mine.
Marc Fogassa, CEO of BMIX, commented, "I enjoyed educating the committee on how carefully we have followed the many environmental rules and guidelines. Given the quality of our work, our renewal was approved with overwhelming support: ten councilors voted in favor, one abstained, and none voted against. Obtaining an environmental license for any mining company in Brazil is a huge deal; the process is long and many studies are required. This 4-year renewal of our license of operations is a substantial positive event for the Company."
Brazil Minerals, Inc. (OTC: BMIX) is a U.S. holding company with Brazilian mining properties that produce rough diamonds, gold, and sand, and a business that manufactures and sells mortar. More information on BMIX can be found at .
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.
We advise U.S. investors that while these terms and amounts are recognized by Canadian regulations, the U.S. Securities and Exchange Commission ("SEC") 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 as defined by the U.S.'s Industry Guide 7.
We advise U.S. investors that while these terms and amounts are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part or all of the mineral deposits in this category will ever be converted into mineral reserves as defined by the U.S.'s Industry Guide 7.
We advise U.S. investors that while sand volume and weight terms and amounts as filed in Brazil are recognized by Brazilian regulations, the SEC does not recognize them. U.S. investors are cautioned not to assume that any part of such are not considered mineral reserves as defined by the U.S.'s Industry Guide 7.
Marc Fogassa
(213) 590-2500
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Datum: 09.09.2015 - 13:20 Uhr
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News-ID 418892
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