Freehold, New Jersey
based Raptor Resources Holdings saw its revenue potential jump after a local
mine, Derbyshire Stone Quarry, was acquired earlier this year through its
Zimbabwean affiliate, TAG Minerals Zimbabwe (Private) Ltd. Raptor Resources can
be expected to benefit from an increase in road construction activity this year
as Derbyshire Stone Quarry is the largest indigenous sand and stone quarry in
the Harare area, the capital of Zimbabwe, and is located in a prime residential
growth zone within close proximity to major road projects.
Zimbabwe continues
to be a very rich source of mineral wealth as the world’s second largest source
of platinum, as well as having huge resources of diamond, gold, coal, nickel,
and iron ore. Agriculture has also been a huge source of economic growth,
driven in great part by the tobacco industry. South African grocery retail
chains have been investing in Zimbabwe as well as Chinese construction firms
working on power plant infrastructure. Essentially, the private sector has
begun to fund road construction in Zimbabwe to gain access to resources.
Just recently,
Zimbabwe’s telecommunication giant, Econet Wireless, announced it will
diversify into the road construction business. Econet’s CEO Douglas Mboweni
says the latest expansion drive was reached after noting that many communities
were hard to reach because of poor roads. Zimbabwe has a 7,200 kilometer fiber
optic network which is unable to reach outlying areas due to a poor road
network. Obviously, as private sector investment in the road infrastructure
picks up in Zimbabwe, this will strongly benefit those natural resource
companies that supply the raw materials for road construction.
Derbyshire Quarry is
an open pit mine that provides various granite based products which are used as
aggregates in asphalt or cement. Key products include decomposed granite,
crusher run, quarry dust, pit sand, washed river sand, 10mm stone, and 20mm
stone. Essentially at the mining operation, stone that is dug from a pit is
placed on conveyer belts and led to a variety of rock crushers. Typical
varieties of rock crushers include roller crushers, which have two large metal
rollers spinning in opposite directions that basically just crush the stones
down to size, impact crushers which have a spinning rotor with heavy metal
blades which effectively smash stone into smaller pieces as it is thrown into a
plating, and jaw crushers, which basically consist of a heavy metal jaw that
exerts force on rock as it is pressed against a stationary plate. After the
stone has been reduced in size it passes through various screens to insure
uniformity in size for a specific product.
Derbyshire Stone
Quarry is focusing mainly on private sector corporate clients expected to spend
on road construction over the next 12 to 18 months and as a result will
continue to capitalize from Zimbabwe’s growing demand for quarry stone.
For more
information, visit www.raptorresourcesholdings.com
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