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Brazil Minerals sets up diamond cutting and polishing facility in Brazil
Will cut and polish diamonds sourced by its subsidiary Duas Barras
By: Diamond World News Service
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Jun 17 2014 5:18PM
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Reference: 9225  

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Brazil Minerals Inc., a gold and diamond mining company, has built a proprietary facility in Brazil, to cut and polish diamonds mined by its subsidiary Mineração Duas Barras Ltda (Duas Barras), reports say. The purpose behind the facility is to make Duas Barras a vertically integrated entity, which delves in rough diamond and gold mining and producing polished diamonds.

Brazil Minerals owns 73.75 percent interest in its subsidiary, which has mining activities are at its mining concession in Brazil and owns the largest alluvial processing plant for diamonds and gold in Latin America, reports add. Brazil Minerals states that the new facility will be managed by a professional in the cutting and polishing field, along with support staff. Also, the company had acquired licenses from the Brazilian federal authority to export polished diamonds that were sourced in rough by Duas Barras, reports say.

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