NEW YORK, Jan. 15, 2015 /PRNewswire/ -- Britannia Mining,
Inc. (OTC Pink: BMIN) ("Britannia" or the "Company"), a UK based
mining and commodities development Company, announced today, that
demand for its spot diamond offering has started 2015 off with a
bang.
Beginning with an initial shipment of raw uncut diamonds to the
U.S., Britannia set the pace for an anticipated $1.2 Million in profits from a single
contract. Management has indicated that the company is
looking to grow the number of multi-million dollar precious gem
contracts in the year ahead. The Company has established a
number of key relationships with participants actively involved in
the precious gems industry. Ranging from mid-market players whose
businesses are concerned with supplying the consumer market, there
has also been significant discussion held with investment buyers,
traders, and suppliers who have expressed interest to collaborate
with the Company.
"We are confident that we will build on our initial offering and
continue to facilitate a supply of diamonds to the market," stated
Kenneth Roberts, CEO of Britannia
Mining. "Moving on, with the next supply of Kimberly
Certified stones anticipated this month [January 2015], we expect to see significant
revenue and value generated from this segment of our business."
Despite lingering concerns about the global economy, the diamond
industry is continuing to be surprisingly resilient. Natural
diamonds are among the world's most precious natural resources, and
Britannia's commodity trading division has no shortage of potential
supply or buyers within its network.
According to De Beers 2014 Market Insight Report, demand for
diamonds will continue to grow in real value terms, driven by the
effect of US economic recovery and the continued growth of emerging
markets; especially China. In the medium term demand growth
will outstrip production growth. In a buyer led market it is useful
for mid-market participants to diversify and access additional
supply of rough diamonds through trading hubs such as
Britannia.
Roberts concluded, "Britannia Mining is living up to its
corporate motto "Nothing Without Work!". We are steaming
ahead into the New Year with our 'ready mined' commodities growth
model. Gem quality diamonds and South American emeralds could
deliver millions of dollars in revenues to Britannia, although, we
consider this to be a small part of where our trade revenues are
anticipated to come from."
About Britannia Mining
Britannia Mining is a natural resources development company
focused on acquiring high quality commodity-based
projects. For more information on the Company's
Mission, Acquisition & Exploration, visit "About
Britannia Mining":
http://www.britanniamining.com/about/company-overview/
Safe Harbor
Statements in this news release that are not historical facts,
including statements about plans and expectations regarding
products and opportunities, demand and acceptance of new or
existing products, capital resources and future financial results
are forward-looking. Forward-looking statements involve risks and
uncertainties which may cause the Company's actual results in
future periods to differ materially from those expressed. These
uncertainties and risks include changing consumer preferences, lack
of success of new products, loss of the Company's customers,
competition and other factors discussed from time to time in the
Company's filings with the Securities and Exchange Commission.
www.britanniamining.com
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SOURCE Britannia Mining, Inc.