Britannia Mining Invited To Discuss Iron Ore Project With Malawi President

Online, July 24, 2012 (Newswire.com) - The meeting was part of the President's Growth Initiative and attended by members of the Malawi Government and chaired by renowned British politician Baroness Lynda Chalker of Wallasey.

A small group of prominent businesses and investors, including Britannia Mining, were selected to talk about enhancing the business climate for operators and investors in Malawi.

Kenneth Roberts, Britannia Mining President and CEO, highlighted the advancements Britannia Mining has made in Malawi. The company plans to extract iron ore from the Nthale area near Blantyre to supply regional and international buyers. H.E. Mrs Banda expressed interest in the company's progress and assured Mr Roberts that the Government will be working hard to assist the private sector in Malawi.

Mining is considered a key driver of economic growth in the country. Along with energy, infrastructure, agriculture and tourism, mining forms part of the Presidential Initiative.

President Banda said that her investment vision for Malawi is a genuine commitment to move the country from aid to trade. She plans to achieve this by developing closer relationships between the private and public sectors, creating opportunities for dialogue and building strong meaningful and sustainable partnerships.

Baroness Chalker commented that under President Banda, Malawi now has a government that can respond to the need for change, making it easier for businesses to operate and create jobs.

Kenneth Roberts further commented, "in the few weeks that President Banda has held office, the commitment she has shown the private sector is most encouraging. Britannia Mining intends to work with Malawi stakeholders in a proposed working group that will meet regularly to develop trade in Malawi."

About Britannia Mining
Britannia Mining is an explorer and developer of mining projects. The company actively trades mined mineral products to its existing customer base. The company is developing a high grade iron ore project in Malawi and holds an Exclusive Prospecting Licence (EPL) for iron ore over 650 sq km at Nthale, Blantyre. From magnetic imaging studies that have been completed over a test area of 20 sq km, the company has located a number of ore bodies that indicate this 20 sq km area could yield upwards of 40 million tonnes iron ore. The company intends to mobilise a drilling program, where upon completion the data will provide a resource definition of the 20 sq km test area.