Wednesday, April 30, 2014

Raptor Resources Holdings Inc. (RRHI) Updates Investors on Derbyshire Stone Quarry Project

Raptor Resources Holdings, a natural resources company focused on mineral and metal resource acquisition, exploration and development, recently announced that its private Zimbabwe affiliate, TAG Minerals Zimbabwe Ltd., has acquired 100% of the Derbyshire Stone Quarry. A new video featuring the mining project currently underway has been added to the Raptor Resources website: http://www.raptorresourcesholdings.com/media/videos/.

The Derbyshire Stone Quarry is an established mining company managed by mining operator and strategic partner, WGB Kinsey & Company. Products produced include 10mm stone, 20mm stone, quarry dust, crusher run, river sand (washed), pit sand, and decomposed granite. The Derbyshire Stone Quarry is the largest indigenous sand & stone quarry in the Harare area and is located in a prime residential growth zone within close proximity to major road projects.

Garth Heathcote, General Manager of the Derbyshire Stone Quarry, commented, “Last year our business objectives were to improve production efficiencies, lower costs and streamline administrative operations to ensure quick customer turnaround. Along with improved inventory management, the company is now aggressively targeting corporate clients in preparation for an expected increase in road construction demand over the next 12-18 months.”

Notably, WGB Kinsey & Company has first-hand experience performing the type of mining required at the Derbyshire quarry since 1955. The company has an impressive fleet of mining equipment that is capable of efficiently performing all necessary development and production operations work. As one of Zimbabwe’s most experienced mining and construction companies, WGB Kinsey, will manage all aspects of the Derbyshire Stone Quarry. Both Anthony Kinsey and Kevin Hegarty are members of Raptor Resources’ Advisory Board. The company was founded nearly 60 years ago by William Gordon Bain Kinsey and his son Basil Jack Walter Kinsey starting as a small contractor dealing with labor based projects within Zimbabwe’s capital city, Harare. Over the years the company has evolved by moving into the construction of roads and civil works, township development, water and sewer reticulation, and earth dam construction. Today, the company’s main line of business is open cast contract mining and plant hire, an industry WGB Kinsey has been heavily involved in for the past decade.

For more information on the company, visit www.raptorresourcesholdings.com

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