Apr 7 2015
Brazil Minerals, Inc. announced today that it had mined its largest rough diamond to date at 4.01 carats. This gem has very good appearance and no visible points or inclusions, and thus appears to be able to yield high color and clarity grades. The Company plans to have this rough diamond cut and polished before selling it.
4.01-carat rough diamond mined by BMIX
Separately, BMIX announced that conversations are in advanced stages with potential partners regarding aggregate products derived from its high-quality, abundant sand. Aggregate sand products include materials used in construction, such as mortar. Sand is a consistent source of revenues for the Company and able to generate positive cash flows, primarily due to a combination of much lower operating costs and relatively strong demand.
In particular, these sand-based products are much less dependent on the use of diesel, which is the single largest cost in the Company's mining and processing of rough diamonds and gold. Over time, BMIX plans to substantially diminish diesel use in the plant processing for diamonds and gold by implementing several approaches.