Formed in June 2013 through the merger
of Nevada-based Micron Enviro Systems and UK-based Britannia Mining, Britannia
Mining is a developer of minerals and mining projects in vital markets around
the world. To date, the company has focused primarily on the discovery of iron
ore, particularly in the African nation of Malawi. However, the volatility of
the global iron ore market has led Britannia towards the continued
diversification of its commodities portfolio in recent months.
Through the company’s trading division,
Britannia recently added bauxite to its portfolio, addressing a significant
demand in the United States market. Bauxite, which serves as the world’s
primary source of aluminum, is mined in extremely limited quantities in the
United States, creating a significant import market for the ore. Industry
reports indicate that more than $65 billion per year is generated by the
aluminum industry, which accounts for nearly one percent of the country’s GDP.
Despite the massive size of the industry, substantial additional growth is
expected in the near future.
“Ford’s redesigned F150 pick-up truck
will feature an all-aluminum body,” stated Kenneth Roberts, Chief Executive
Officer of Britannia. “When you’re talking about one of the country’s
best-selling vehicles for the past 30 years, shifting from steel to
all-aluminum body, you can get a sense of what the impact of shifting tides
from steel to aluminum is making. Our partners in Malaysia have helped
Britannia to position our commodities trading division to take full advantage
of this shift, by having unfettered access to ready mined Bauxite.”
The company’s recent diversification
doesn’t stop with bauxite, however, as Britannia has also made significant
moves in the resilient global diamond industry. Following a similar ready mined
strategy, Britannia set the pace for its spot diamond offering earlier this
year, securing contracts with an anticipated $1.2 million in profit following
an initial delivery of a raw, uncut diamond test parcel to the United States.
As the company continues to develop trade relationships directly with local
suppliers, Britannia expects to increase its capacity and capitalize on the
market’s growing, unabated demand.
With expanding footholds in a variety of
mineral and mining markets, the future appears to be bright for this relatively
young company. As Britannia continues to ramp up its distribution of ready
mined commodities, such as bauxite, diamonds and gold, as well as persisting
with its operations in the iron ore mining industry, the company’s dedication
to diversification may pay great dividends with shifting market conditions in
the future.
For more information, visit
www.britanniamining.com
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