UPLAND MINERALS ACQUIRES BRAZIL MINING FIRM
Upland Minerals and Chemicals Corp said
it agreed to acquire Consolidated Brazilian Mines International
Inc, a public company with one mln acres of diamond and gold
properties in Brazil.
    Terms were not disclosed.
    Consolidated owns 42 mining concessions in three regions of
eastern and northern Brazil -- Gammara, Santo Antonio and
Diamazon, the company said.
    Upland also said the previously announced acquisition of
Aslaminas Aslambeck Mining Corp, a Minas Gerais, Brazil, mining
concern, will produce revenues of 9.6 mln dlrs a year for the
next 25 years.
 Reuter
