NEW YORK, Jan. 28, 2015 /PRNewswire/ -- Britannia
Mining, Inc. (OTC Pink: BMIN) ("Britannia" or the "Company"), a UK
based mining and commodities development Company, announced today,
that Britannia has begun developing 'next phase' capacity planning,
to meet demand from its customers.
"Since sending our first parcel of Diamonds to the U.S. earlier
this month, we have seen an opportunity to ramp up the 'Procurement
Side' of our gemstones trading division," stated Kenneth Roberts, CEO of Britannia Mining. "We
are solidifying our local presence on the ground in Africa and increasing our reach to high
quality, Kimberly Certified Diamonds. At a time when quality
gemstones are in such demand, it is important for us to work with
experienced and trusted operators at the local level, vs. at arm's
length."
On the heels of unabated demand, the Company's ambitious plan to
grow its gemstone trading division, has become the catalyst to
develop active hubs in Africa. The
Company believes that the ability to trade directly with local
suppliers and establish closer communication, is important to
foster lasting relationships. In turn, management believes this
will assist Britannia in continuing to deliver quality gemstones on
a timely basis to its Buyers.
A small, 'test parcel' (<300 Carats), of rough, uncut
diamonds, was delivered in January. This set the pace for an
additional $1.2 Million+ in trade contracts anticipated for the
year. The Company is now sourcing as much as 4,000+ Carats destined
for the U.S. and Europe,
"completely augmenting our original trade plans," stated
Roberts.
Roberts concluded, "We now have the capacity to trade much
larger parcels, thus affording us the potential for exponential
growth. During these challenging times for the mining and
exploration industry, our commodities trade division has certainly
taken center stage; giving Britannia the ability to remain nimble
and relevant."
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/britannia-views-african-trading-hub-as-catalyst-for-larger-diamond-trades-300026889.html
SOURCE Britannia Mining, Inc.