Mabwe Minerals is in
the natural resources and hard asset business. The company is focused on mining
barite, ahead of other industrial minerals and metals, at Dodge Mine in
Zimbabwe. Mabwe Minerals conducts its operations through its Zimbabwean
affiliate, Mabwe Minerals Zimbabwe (Private) Limited, and WGB Kinsey &
Company, a minority-owned subsidiary with over fifty-five years of experience
in the mining and construction fields.
The first few months
of 2014 marked a number of exciting developments for Mabwe Minerals:
• The company expanded its Dodge Mine
mineral & metal property rights from 304 acres to 576 acres across three
mountains.
• All pre-production work has been
completed with up to 10K tons of barite stockpiled.
• All barite characteristics have been
testing identifying the processing equipment requirements to yield API-grade
barite (oil & gas sector drilling) and chemical-grade barite
(medical/paint/automotive).
• Phase I infrastructure has been
completed including primary roads, barite qualification yard, jigging yard,
equipment yard, employee & management staff housing facilities, new water
wells along with barite & limestone open cast mining pits completed.
• MBMI’s parent/holding company, Raptor
Resources, acquired the rest of the mountain range adding an additional 612
acres eliminating all barite competitor encroachments.
• There are no known barite competitors
in the region to support the African oil & gas drilling sector in East
Africa (Tanzania, Mozambique and Kenya) and Southern Africa (South Africa and
Namibia) as well as Angola in West Africa. The closest barite competitor
supporting this region is from Chennai, India.
With the global
market for drilling fluids expected to reach $14.92B by 2020 and expected to
grow at a CAGR rate of 8.2%, Mabwe Minerals will be pressed to meet the growing
demands from the African oil & gas sector.
For more
information, 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