Britannia Mining, Inc. 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.”
- 10 Jul, 2014
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