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
