The world
is built largely on the twin pillars of energy and materials, and the unique
mineral called barite has a foothold in both. On the energy side, barite is a
mineral considered critical to the oil and gas industry as a weighting agent,
key to the prevention of blowouts during drilling. As wells get deeper and
deeper in search of scarcer fossil fuels, the volume of barite required grows.
Of all the barite mined, nearly 80% of it goes to the oil and gas industry. But
barite also plays roles on the materials side in a number of industries. It
fills various roles in the automotive industry and acts as a filler for paint
and plastics. It is used as a contrasting agent in medical scanning, and can be
used for radiation shielding. There are many other applications for barite,
making it a foundational mineral for the global economy.
All this
is hugely important to Raptor Resources Holdings, whose subsidiary Mabwe
Minerals is in the process of developing a major barite find in Zimbabwe, Africa.
Their Dodge Mine in the hills of northeastern Zimbabwe will add to the supply
chain for the oil and gas industry, but it is also host to exceptional higher
grade barite types of special value to the automotive, medical, and paint
additive sectors, as well as niche markets in heavy-duty concrete. The property
has also been confirmed as a source of limestone, for which there is strong
local demand. In addition, the company is investigating widespread occurrences
of gossan deposits, for which initial surface level test samples have confirmed
the presence of gold, copper, nickel, zinc, and lead.
Raptor
Resources is also pursuing mineral exploration at its nearby Raptor Mine in
Shamva, Zimbabwe, where tests have suggested significant nickel anomalies.
For more
information, visit www.raptorresourcesholdings.com
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