Britannia Mining, Inc. (BMIN) Executes MOU to Distribute 6,000,000 Tons of ‘Ready Mined’ Iron Ore From Asia
Britannia Mining, the successor of a merger between UK based mining development company Britannia Mining Plc and U.S. based Micron Enviro Systems (Former Symbol: MSVS), announces that it has executed a Memorandum of Understanding (MOU) with an iron ore producer in Malaysia, and is positioning to finalize iron ore distribution contracts of over $60 Million. Under the terms of the contract, Elit Mestika Mining will make available to Britannia 600,000 metric tons (Mt) of iron ore each year. "My trip to Malaysia was extremely successful," stated Kenneth Roberts, CEO of Britannia Mining. "We were able to build a number of…