Pasadena-Based Brazilian Diamond and Gold Mining Company Shows Off Its First Modular Recovery Plant

Pasadena-based Brazil Minerals, Inc. (BMIX) has released a video showing its first diamond and gold modular recovery plant in Brazil, 6,000 miles away, in operation.

The plant was paid for by Brazil Minerals’ subsidiary, Jupiter Gold Corporation, and is solely operated by BMIX. The company retains 100 percent of the diamonds recovered and 50 percent of the gold. The other 50 percent of the gold is for Jupiter Gold’s account.

Under standard U.S. GAAP consolidation of financial results for subsidiaries, any gold revenues obtained by Jupiter Gold are added to BMIX revenues.

A second modular plant is being designed for placement in a different mineral right for gold and diamonds owned by BMIX.

Brazil Minerals, with headquarters located at 155 N Lake Avenue Suite 800 in Pasadena, is a producer of diamonds, gold, sand and industrialized mortar. Through various subsidiaries, the company has title to 38 mineral rights for gold, diamonds, manganese and sand, including 10 mining concessions for gold and diamonds, the highest level of right to mine in Brazil.

The total surface area of these mineral rights is 218,525 acres or 440 square miles, the company said in a statement.

For more information about BMIX, visit www.brazil-minerals.com.