Sep 10 2015
Brazil Minerals, Inc. (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."
About Brazil Minerals, Inc.
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 www.brazil-minerals.com.