Brazil Minerals Inc. to expand presence in China

Brazil Minerals, Inc. (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 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 finalising 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.”

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