Raptor Resources
Holdings reported that its private Zimbabwe affiliate, TAG Minerals Zimbabwe
Ltd., has acquired 100% of the Derbyshire Stone Quarry located approximately
twelve kilometers south of Zimbabwe’s Capital city, Harare. Raptor is a natural
resources company focused on mineral and metal resource acquisition,
exploration and development. To view a video of the mining project currently
underway, go to http://www.raptorresourcesholdings.com/media/videos/.
The quarry is
operated by strategic partner, WGB Kinsey & Company, which has 59 years of
experience in the construction and mining sectors and a management team led by
General Manager, Garth Heathcote, and Quarry Manager, Philip Mupararano.
Unaudited financials show a 32% year-to-year revenue increase to $2,952,926 for
the year ending in 2013. The company produces low cost, quality sand &
stone for the construction industry including 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.
General Manager,
Garth Heathcote 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. Today, the company’s core 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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