Britannia Mining, Inc. (OTC Pink: BMIN) (PINKSHEETS:BMIN) (or the Company), an emerging integrated developer of natural resources, announced today that this past weekend, Company executives joined Malawi government representatives to celebrate 50 years of achievements since the country's independence, while promoting future growth plans and sharing Britannia's iron ore vision for Malawi.
"We believe that Malawi, considered the 'Warm Heart of Africa,' will lead the way as an emerging growth country in Africa, within the mining sector," stated Kenneth Roberts, CEO of Britannia Mining. "Malawi has the ability to contribute significantly to the East African development story over the next fifty years. It is our intention to be part of this growth by developing the Nthale Iron Ore mining project."
In 2009 Britannia Mining was granted Exclusive Prospecting Licenses to conduct mineral exploration activities over a total area of 650km2 at Nthale, near Blantyre in Malawi. Based on the robust geological findings gleaned through five years invested in exploration, it is the Company's intention to develop 100 million tons iron ore at Nthale, which is sufficient to constitute a World Class Resource. Developing a project of this magnitude requires partnership at all levels. Partnership with government; partnership with the local community; and partnership with capital partners. All of which Britannia Mining possesses.
With Malawi's mission being focused on economic freedom, Britannia Mining sees part of the country's growth stemming from mining, particularly in developing partnerships with artisanal miners. With 22,000 Malawians involved in artisanal and small-scale mining, in order to produce bulk commodities such as iron ore, artisanal miners have a driving need to ramp up existing production. This can be achieved by forming cooperatives and partnering with overseas mining development and commodity marketing companies like Britannia Mining, who have the steel industry connections and routes to market for such mined minerals.
Mr. Roberts concluded, "We are pleased to be celebrating Malawi's Golden Jubilee. Britannia Mining remains steadfast in championing support for Malawi's development. We are bringing together financial partners, geological specialist and engineering know-how to develop the Nthale iron ore project. We look forward to sharing with our shareholder's a part of that realization, though substantive asset values and revenues."
About Britannia Mining
Britannia Mining is a natural resources development company that is focused on acquiring high quality mineral, mining and other commodity based projects. The company is committed to developing revenues by conducting exploration, evaluation and trading activities. The company's mission is to secure commodities by developing immediate and near term product pipelines for iron ore and other natural resources.
Iron Ore: With two 6,000,000 metric ton distribution deals in place spanning mines in both east and western Malaysia, the Company has the ability to distribute 100,000 Mt of ready mined iron ore, per month, for the next 10 years.
The company is targeting revenue producing assets and is currently in negotiations regarding acquiring operational mines.
Canada: Britannia Mining has inherited the legacy projects (Gold claims) of the former Micron Enviro Systems in the Yukon and plans to conduct sampling on this area.
Africa: The company has been developing a high grade iron ore project in Malawi and is currently renewing the Exclusive Prospecting License (EPL) for iron ore over 650 sq km at Nthale Blantyre. The company is targeting 100 Million Tons (MT) iron at Nthale Hill (20 sq km).
For more information, please visit www.BritanniaMining.com.
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may,'' "should,'' "expects,'' "plans,'' "anticipates,'' "believes,'' "estimates,'' "predicts,'' "potential'' or "continue'' or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors'' in the Company's periodic filings with the United States Securities and Exchange Commission, which can be viewed at http://www.SEC.gov. For all details regarding working interests in all of BMIN's mining prospects or any previous news releases go to OTC Markets website. You should independently investigate and fully understand all risks before making investment decisions.
SOURCE: Britannia Mining Inc.