Brazil Minerals receives US$500,000

Brazil Minerals, Inc. a company with interests in gold and diamond mining has completed a transaction with four investors, in which it has received US$500,000, reports say. The transaction included Brazil Minerals selling stones graded by the Gemological Institute of America (GIA), common stock and two-year options, reports say.

These stones will be applicable for delivery upto December 31, 2015, according to the company reports say.

The company views this move as a positive indication of its sale of diamonds produced at its mining operations in Brazil. The company owns 55 percent in the Mineracao Duas Barras Ltda. (Duas Barras), a Brazilian producer.