Barite is a
high-density, chemically inert mineral used for a wide range of industrial
applications, such as a filler or weighting agent in paints, plastics and
rubbers; a blocker in X-ray and gamma-ray emissions; and as aggregate in
high-density concrete for radiation shielding around hospitals, nuclear power
plants and nuclear research facilities. It is also used in television and
computer monitors, golf balls and traffic cones, to name a few.
Despite its numerous
uses in these areas, barite is indispensable to the petroleum industry, which
accounts for nearly 90% of barite consumption. In this use, barite is used as a
weighting agent in the formulation of drilling “mud.” The mud is pumped into the
drilling hole to control gas pressures in the well while preventing damage to
drilling tools and serving as a lubricant.
Raptor Resources’
strategy to capitalize on the oil & gas industry’s demand for barite
centers on the operations of its Mabwe Minerals Inc. (OTCQB: MBMI) subsidiary,
a fully reporting natural resources and hard asset company engaged in the
mining and commercial sales of industrial minerals and metals with first focus
on barite and limestone at the Dodge Mine Project in Zimbabwe, Africa.
The critical factor
for barite is its specific gravity, and barite deposits in the Dodge Mine
Projects make the grade. According to standards of the American Petroleum
Institute (API), drilling fluid grade barite must have a specific gravity of
4.2, which means it is 4.2 times heavier than water. The hydrothermal barite
deposits on Dodge Mine are considered “world class” in quality due to their
high percentage content of barium sulfate (BaSO4). The key compound in barite
is barium sulfate with a specific gravity of 4.5 g/cm3. Samples of white barite
scored 97.25% pure BaSO4 and pink/brown barite samples scored 95.50%.
To bring barite
deposits to commercialization, Raptor Resources has established a network of
key partnerships for successful recovery, transport and marketing of the
mineral. Leveraging these alliances, its Mabwe Minerals and TAG Minerals
subsidiaries, and diverse project portfolio, Raptor Resources is on course to
further develop and expand its growing presence in the global barite industry.
For more
information, visit www.raptorresourcesholdings.com
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