Britannia Views African Trading Hub As Catalyst For Larger Diamond Trades
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/
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.
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SOURCE Britannia Mining Inc.
Team BMIN, (646) 580-1153