SOURCE: Brazil Minerals, Inc.
BELO HORIZONTE, BRAZIL--(Marketwired - Feb 4, 2014) - Brazil Minerals, Inc. (OTCQB: BMIX) (the "Company" or "BMIX"), a diversified Brazilian mining company with revenues from sales of both polished and rough diamonds, as well as gold, and ownership interests in projects in gold, titanium, vanadium and iron, announced today that because of interest in its projects from the region, it has added an advisor with business presence in Beijing, Hong Kong, and Shanghai, and is in the process of finalizing an agreement for a representational office for BMIX in Beijing.
BMIX has been building business relationships in China, including Chinese entrepreneurs that have access to China's international mining sector, both in private-owned and state-owned enterprises. China is the number one trading partner of Brazil, having surpassed the U.S. in 2008.
Marc Fogassa, Chairman and CEO of BMIX, commented, "China is a large market for diamonds and an aggressive buyer of commodities and strategic minerals, including some of the minerals that we have in our pipeline. As an outgrowth of some initial local conversations, BMIX has decided to focus more attention to this area of the world."
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTCQB: BMIX), a U.S. corporation, is a diversified mining company with revenues from sales of rough and polished diamonds as well as gold, and ownership of interests in projects in gold, titanium, vanadium, and iron in Brazil. More information on BMIX, including an investor presentation, can be found at www.brazil-minerals.com.
Safe Harbor Statement
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.