Raptor
Resources Holdings has consistently demonstrated its ability to meet corporate
objectives, and in line with its broader growth initiatives recently acquired
the Derbyshire Stone Quarry located in Zimbabwe. On par with Raptor’s track
record, the stone quarry was able to meet its 2013 goals to improve production
efficiencies and inventory management, reduce costs, and streamline its
administrative operations. This acquisition positions Raptor to take advantage
of an expected increase in road construction demand in the next 12-18 months.
Derbyshire
is operated by Raptor’s strategic partner WGB Kinsey & Company, which over
the course of nearly 60 years of business in construction and mining has
amassed an extensive fleet of mining equipment to systematize rapid development
and production. WGB Kinsey also manages Raptor’s Dodge Mine and Raptor Mine
located in Zimbabwe.
In 2013,
Derbyshire generated unaudited revenues of $2.9 million, an increase of 32%
over the prior year. The stone quarry produces low-cost, quality sand and stone
for the construction industry and has become the largest indigenous sand and
stone quarry in the Harare area, the capital of Zimbabwe.
Harare is
a bustling city of approximately 2.8 million people in its metropolitan area,
Zimbabwe’s leading hub for financial, commercial, communications and trade. In
2012, plans were drafted to build a new capital district less than 13 miles
northwest of Harare’s central business district, adding to the area’s commerce
and transport capabilities.
As the
area continues to expand, Derbyshire maintains a well-stocked inventory of sand
and stone to quickly fulfill orders as well as meet future regional demands for
improved transport infrastructure. These capabilities are aligned with Raptor’s
mission to grow organically and through the acquisition of seasoned mining and
mineral assets.
For more
information, visit www.raptorresourcesholdings.com
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