Mabwe Minerals, a
majority-owned subsidiary of Raptor Resources Holdings (OTCQB: RRHI), is a
natural resources and hard asset company engaged in the mining and commercial
sales of industrial minerals with first focus on barite and limestone.
The primary application
for barite is in the oil & gas drilling sector where American Petroleum
Institute (API) grade barite is used as a weighting agent to offset formation
pressures preventing well collapse during the drilling process. Bright-white
grade barite is used as the key ingredient in paint pigmentation ensuring color
consistency from lot to lot. Barite has the ability to absorb x-rays and gamma
rays. Consequently, it is used in medical imaging applications for special
x-ray tests on the intestines and colon. It is also mixed with cement to make
special containers used to store radioactive materials as well as other heavy
cement applications. In automotive applications barite is used in brake pads
for cars and trucks, sound reduction in engine compartments, and the coating of
automobile finishes for smoothness and corrosion resistance.
The company’s
Zimbabwe affiliate, Mabwe Minerals Zimbabwe (Private) Limited, an indigenous
Zimbabwe company, owns 100% of the mineral & metal rights to Dodge Mine
stretching 233 hectares across three mountains. Dodge Mine is managed by Mabwe
Minerals’ 25% equity owned partner, WGB Kinsey & Company, a Zimbabwean
mining & construction company operating since 1955.
Today, MBMI is
currently moving forward with the commercial production of barite, with an aim
to benefit from the recent massive discovery of oil & gas off the coast of
neighboring Mozambique as well as supporting South Africa’s multiple market
applications. Mabwe Minerals is positioned to dominate the region as there are
no known commercial sources of barite in Central and South Africa. Along with
Steinbock Minerals’ established barite customer base, Mabwe Minerals is well
positioned to support the demands of Europe and the Middle-East.
For more information
about Mabwe Minerals and the Dodge Mine project, visit www.mabweminerals.com
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