Wednesday, March 19, 2014

Mabwe Minerals Inc. (MBMI) Moves Forward with Production at Dodge Mine

Natural resources company Mabwe Minerals, which is engaged in the mining and commercial sales of industrial minerals and metals, has moved forward with production at Dodge Mine, a Shamva, Zimbabwe-based property and primary base of operations. Dodge Mine is located on a rich hydrothermal mountain range, which bears not only superior-grade barite but also abundant limestone and talc.

Mabwe Minerals Zimbabwe, the company’s Zimbabwe affiliate, recently acquired the mineral and metal rights to 110 additional hectares adjacent to Dodge Mine, bringing the Dodge Mine property to a new total area of 233 hectares, which is the equivalent of 576 acres.

A validation of Dodge Mine authenticated 411,000 tons of barite across <7 percent of the property, and gravity mapping suggests large barite deposits throughout the property. Mabwe Minerals has access to an established network of barite customers as well as a 3 million ton supplier agreement with a multibillion-dollar oil and gas company.

In addition to barite, limestone, and talc, Dodge Mine hosts widespread gossan deposits, which indicate the potential presence of copper, zinc, nickel, and gold.

For more information about Mabwe Minerals and the Dodge Mine project, visit www.mabweminerals.com

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