Barite is a naturally occurring mineral that is in short supply and imperative for the production of oil and natural gas. Primarily used as weighting agent to prevent well blowouts and shaft collapses in the oil and gas drilling industry, barite is also essential in the medical diagnostic, paint pigment, automotive industries.
Oil and gas production is on the rise globally, creating strong demand for barite. Prices for this mineral increased rapidly in 2011-2012, and new mining sites worldwide are being developed to meet this need. The global demand for barite is projected to increase by over 16% in the next couple years, and in some areas of the Middle East it’s projected to increase by nearly 50%. Mabwe Minerals is strategically positioned to capitalize on these price movements and the increased demand.
With key partnerships in place, MBMI’s Zimbabwe affiliate owns 100% of the mineral and metal rights to Dodge Mine. Dodge Mine represents the highest grade of new barite sources to be brought into commercial production in years, and the multiple barite deposits are considered to be world class in quality and highly efficient to mine as reported by independent geologists. Geologists have also confirmed additional deposits of other profitable minerals and metals on the site with Mabwe Minerals coordinating a drilling plan to further develop these resources.
Having won important environmental permits, Mabwe Minerals anticipates beginning barite and limestone production immediately. The company has already received large purchase orders, developed strategic global partnerships, is virtually debt free, and is sitting on world class deposits of valuable minerals in high demand. Given these factors Mabwe Minerals could easily be a straightforward path to potential profits.
For more information, please visit www.mabweminerals.com
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