Mar 13 2014
Britannia Mining, Inc., the successor of a merger between UK based mining development company Britannia Mining Plc and U.S.-based Micron Enviro Systems, announced today that its endeavors to expand into Asia have successfully created a wealth of opportunities to advance a supply chain for natural resources.
"We are on track to ramp-up as stated within the next 60 days," stated Nicola Newmarch, COO of Britannia Mining. "We believe, both closing negotiations and executing a supply and distribution agreement is imminent. This development could dramatically change the financial outlook for the 2nd and 3rd Quarter."
Asia can provide the company exciting opportunities to solidify Britannia's ramp up to near-term revenues. Having the support of its lead investment consulting firm, management accelerated the advanced stage negotiations to ensure securing bulk commodities in metals and agriculture, with Mr. Roberts touching down in Asia for meetings. A seven day itinerary covered everything from visits to production facilities and ancillary service providers to viewing export infrastructure -- including seaport and cargo handling terminals.
Early sign of successful meetings held with mine owners and logistical service providers is a welcomed indication that Mr. Roberts will likely be able to position the Company to command hefty near-term revenues. Management expects to provide an update regarding the progress of injecting Britannia's natural resource supply chain with over one million tons of ready mined iron ore stockpiles; approximately $30+ Million in value.
Source: http://www.britanniamining.com/