Wednesday, March 26, 2014

Mabwe Minerals Inc. (MBMI) Establishes Foothold in Barite Mining

Mabwe Minerals, a subsidiary of Raptor Resources Holdings (OTCQB: RRHI), is focused on the logistics, mining, and sale of barite and other industrial minerals and metals in Zimbabwe. The company’s main operations are at Dodge Mine in Shamva, Zimbabwe. Through affiliate Mabwe Minerals Zimbabwe, the company owns all of the metal and mining rights to the mine, which, according to gravity mapping data, holds massive deposits of high quality barite, limestone and talc, and possibly copper, zinc, nickel, and gold as well.

The commercial uses for barite are wide and varied, with noted applications in the oil and gas, medical diagnostic, automotive and heavy concrete, and paint pigment fields.

There is also strong regional and global demand for superior grade barite and a growing customer base that is willing to pay a premium for it. With Dodge Mine having some of the best API-grade barite on earth, it could cover the market demand for weighting agents used during oil and gas drilling to stop well blowouts and shaft collapses. Already, Mabwe Minerals has gained access to an established network of barite customers and secured a supplier agreement for $3 million tons of high-grade barite with a multibillion dollar oil and gas company.

Mabwe Minerals has also set up strategic partnerships and alliances with the Zimbabwe’s leading logistical and mining companies to ensure a strong regional presence and worldwide delivery network plus reliable and lucrative support for every aspect of the associated mining and shipping operations. Alliances with partners like WGB Kinsey are invaluable. WGB Kinsey supplies the equipment and know-how needed to direct the production requirements of Dodge Mine. Additionally, with partners like Yasheya Ltd. and Steinbock Minerals, Mabwe Minerals is able to tap into and support their established customer base in Europe and the Middle East and the growing demands of the oil and gas sector off the coasts of South Africa and Mozambique.

For more information about Mabwe Minerals, visit www.mabweminerals.com

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