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.”
The company operates the Mineração Duas Barras Ltda. (Duas Barras) gold and diamond mining property in the state of Minas Gerais in Brazil.
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