The year 2013 was
pivotal for Mabwe Minerals, a company focused on the logistics, mining and
commercial sale of barite and other minerals in Zimbabwe. The company’s primary
operations are at Dodge Mine where hydrothermal barite deposits represent one
of the highest grades of new barite sources moving into commercial production
in recent years.
In April, MBMI
completed its strategic restructuring plan, allowing for increased shareholder
value and a clean balance sheet, and then got to work seeking-out partnerships
that would further enhance its progress.
Entering into the
summer months, MBMI in July began to see the fruits of its efforts, initiating
a partnership with long-standing industry players, Steinbock Minerals Ltd. and
Yasheya Ltd. The design of these two business partnerships was to position MBMI
as a key player in the barite marketplace and to provide supporting services.
The same month, MBMI
received its Environmental Impact Assessment Certificate, clearing the way for
partner WGB Kinsey to commence operations at the Dodge Mine project.
Through its
previously established partnership with PHI Commodities, MBMI secured exclusive
load rights from the Shamva Rail Depot direct to the Port of Beria utilizing
their fleet of rail wagons. By August, MBMI had secured its alliances with
Steinbock Minerals, a worldwide distributor of industrial minerals and key
global distributor of barite; and Yasheya, an experienced logistics management
company supported by state-of-the-art Web-based freight supervision software
and worldwide leader in the international transportation of industrial
minerals. Backed by these partnerships, MBMI had successfully established a
strong distribution, sales, shipment and delivery network.
Focusing on
enhancing its marketing, communication and transparency, MBMI in October
launched a new company website and released its first online video
chronologically tracking the developments at Dodge Mine. The company also
released the first edition of its MabweMessage Newsletter.
November was a game
changer as MBMI’s Zimbabwe affiliate received its first purchase order from
Steinbock Minerals for 2,000 tons of barite. In mid-December, MBMI received its
second purchase order, for 10,000 metric tons, bringing the total tonnage purchased
in the fourth quarter to 12,000 metric tons, exceeding earlier estimates.
Moving into 2014,
MBMI plans to benefit from its growing customer base and increasing global
demand for barite. In a recent letter to shareholders, MBMI said that in 2014
it plans to finalize its Dodge Mine barite product specification sheets;
initiate log qualification processes and procedures to support volume orders;
the commencement of small lot shipments to multiple customers; increasing
shipments; as well as other company goals.
For more
information, visit www.mabweminerals.com
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