WELCOME TO BRAZIL MINERALS, INC.
Brazil Minerals, Inc. (OTC: BMIX) is a producer of diamonds, gold, sand, and industrialized mortar. We also own 30 mineral rights for gold and diamonds, including 10 mining concessions, the highest level of right to mine in Brazil.
Our short-term intention is to become a profitable company with virtually no debt.
Growth in Valuable Assets
Our progress has been steady, and can be measured in at least two quantifiable ways. First, in terms of mineral assets, in early 2013, our initial year of operations under the current business model and management team, we had 3 mineral rights. Now we have 30 mineral rights in our subsidiaries as follows:
i) 10 mineral rights that are mining concessions, the highest level of mineral right in Brazil (“Concessão de Lavra”) – all 10 mining concessions are diamond and gold, and once concession also includes sand as a mineral;
ii) 8 mineral rights for diamond and gold that have status just below mining concession (“Requerimento de Lavra”), which allows us to apply for both an upgrade to mining concession and to conduct limited commercial mining;
iii) 8 mineral rights for diamond and gold or solely gold in the research permit phase (“Autorização de Resquisa”), and;
iv) 4 mineral rights for diamond and gold in the phase of application for research permit (“Requerimento de Pesquisa”).
Please refer to the table of mineral rights contained in our Annual Report on Form 10-K for additional details.
Growth in Product Mix
The second manner in which we expanded as a company from 2013 to now is in the product mix output from our Brazilian subsidiaries. In 2013 we produced and sold rough diamonds and gold. In 2014 we added polished diamonds. In 2015 we added sand and mortar, a product made from our sand.
Deep Knowledge of Brazil & Strong Culture
Unlike most other listed mining companies operating in Brazil, our team is comprised almost completely of Brazilians, all of whom have been hand-picked. Our CEO and Chairman spent years in the U.S. venture capital and private equity and has modeled the company with the essential entrepreneur tenets of hard-work, meritocracy, and frugality.