Mabwe Minerals is a
natural resources and hard asset company engaged in the mining and commercial
sale of industrial minerals with a primary focus on barite and limestone. The
company is a majority-owned subsidiary of Raptor Resources Holdings.
Barite is primarily
used 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 vital in the use of paint pigmentation ensuring color consistency from lot
to lot. In addition, because of Barite’s ability to absorb x-rays and gamma
rays, 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.
Barite is suitable for applications within the automotive sector where it 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
extending 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. With strong local
demand for limestone, Mabwe Minerals has established a sales office at Dodge
Mine to support regional agricultural and cement opportunities. During CY2014,
Mabwe Minerals will further develop its barite and limestone resources. In
addition, the company will evaluate it’s gossan deposits for potential
commercial nickel and copper production as initial surface level test samples
have confirmed the presence of gold, copper, nickel, zinc and lead. The
presence of gold in the gossan deposits points to gold in the host bedrock.
Mabwe Minerals is encouraged about the unique properties of Dodge Mine.
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
Mozambique as well as supporting 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
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment