Raptor Resources,
Freehold, New Jersey, recently reported that TAG Minerals Zimbabwe Ltd. has
acquired the Derbyshire Stone Quarry. Derbyshire is an established mining
company managed by strategic partner and operator, WGB Kinsey & Company.
Raptor is best known as a natural resources company with a focus on mineral and
metal resource acquisition.
It has been reported
that The Derbyshire Stone Quarry is the largest indigenous sand and stone
quarry in the Harare area. The quarry is located in a prime residential growth
zone in Zimbabwe close to major road projects. Production includes 10mm stone,
20mm stone, quarry dust, crusher run, river sand (washed), decomposed granite,
and pit sand.
The agreement states
TAG Minerals has acquired Derbyshire stockpile inventory of no less than
$440,000, debtor book/cash in bank of no less than $75,000, as well as new
management contracts for key employees.
“In prior letters to
shareholders, the company committed to building assets within TAG Minerals
during CY 2014. TAG Minerals is focused on viable hard assets, seasoned mining
companies and developing greenfield resources featuring high value minerals
& metals. In just the first quarter of 2014, the company, through its
Zimbabwe affiliate, TAG-Z, has acquired 100 percent of greenfield resource
Raptor Mine targeting nickel and copper for further development as well as the
Derbyshire Stone Quarry, a mature granite quarry in volume production,” Al
Pietrangelo, CEO and president of Raptor Resources stated in the news release.
Raptor’s management
is on site in Zimbabwe on a regular basis and in so doing builds long-term
relationships with influential Zimbabweans who share the company’s passion to
build successful companies under Zimbabwean affiliate names. While Raptor
Resources’ key focus is developing greenfield resources and bringing them into
commercial production, the company seeks seasoned mining opportunities like the
Derbyshire Stone Quarry and many other types of viable hard assets that have
sound potential to generate revenue for its shareholders. All development and
production operations are performed by Zimbabwe’s most experienced mining and
construction company, WGB Kinsey & Company.
Raptor Resources is
the parent company of Mabwe Minerals, Inc. (OTCQB: MBMI), a U.S. based natural
resources and hard asset company engaged in the mining, logistics, and
commercial sales of industrial minerals and metals, with first focus on barite
and limestone; and TAG Minerals, Inc., a U.S. based mineral/metal resource
acquisition, exploration, and development company targeting viable hard assets,
seasoned mining companies along with developing greenfield resources aimed at
high value minerals and metals.
For more
information, visit www.raptorresourcesholdings.com
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