Raptor Resources Holdings’ shareholders hold a vested interest in the success of Mabwe Minerals’ Dodge Mine with 90M shares of its subsidiary (OTCQB: MBMI) held by the parent company. Barite is a high density mineral, valuable to the oil and gas industry because of its use as a weighting agent in drilling fluids. The dense sulfate is found in a variety of rocks, though primarily found in limestone and sandstone. The primary barite suppliers, China, India and Morocco, excavate the granular mineral and ship it as ore to grinding plants around the world where it is crushed and mixed with water to form a mixture called thixotropic mud.
This mud is pumped into the drill stem creating a pressure on the walls of the oil well to force the oil and gas to release from the ground while preventing explosions during the oil drilling process. With applications such as these, barite extraction and delivery has long-lasting and widespread worth on a global scale.
With key sources of supply often subject to seasonal flooding as well as growing worldwide shortages, Mabwe Minerals’ Dodge Mine, owned by affiliate, Mabwe Minerals Zimbabwe (Pvt.) Ltd., is a welcomed new supplier to the barite market. With a broad array of applications ranging from rat poison to special X-ray testing, and even as an enema for patients being treated for intestinal disorders, barite is a key ingredient for many common uses we take for granted each day. It is barite that ensures color consistency in paint pigmentation or used as a protective barrier to contain radiation waste in heavy concrete bunker applications.
Barite is found in our automobiles for engine sound reduction, automobile finishes for smoothness and corrosion resistance, and even in our break and clutch pads. Barite is found in all sorts of application but Raptor Resources Holdings’ subsidiary, Mabwe Minerals, found their barite in Shamva, Zimbabwe, emerging as a new global source with no known barite sources of supply in the region.
With strategic alliances in place with global barite distributor Steinbock Minerals along with Yasheya Limited who specializes in the worldwide shipment of industrial minerals, Raptor Resources Holdings and Mabwe Minerals’ shareholders both share a vested interest in the success of Dodge Mine.
For more information, visit www.RaptorResourcesHoldings.com
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