Mabwe
Minerals, operating as a subsidiary of Raptor Resources Holdings Inc. (OTCQB:
RRHI), has its business activities entrenched in mining, logistics coordination
and commercial sales of industrial minerals and metals. Strategically aligned
with another Raptor subsidiary, TAG Minerals, Mabwe’s current focus is aimed at
developing Dodge Mine located in Shamva, Zimbabwe, approximately 62 kilometers
northeast of the country’s capital, Harare.
Dodge
Mine’s resources are attractive due to its hydrothermal mountains known to be
rich in deposits of superior-grade barite, limestone, and talc. Its world-class
quality barite deposits are valuable due to their high content of barium
sulfate (BaSO4) with a specific gravity of 4.5 g/cm3. Applications for barite
are numerous. The automotive, medical diagnosis, and paint additive industries
all make use of the mineral, but its greatest value resides in the oil and gas
production industry. For example, when wells are drilled, the bit passes
through a variety of formations – each possessing unique characteristics. The
deeper the well, the higher percentage of barite is needed in the mud mix to
prevent blow outs. Also beneficial is the fact that barite is non-magnetic and
does not interfere with measurements taken in the borehole.
From
a mining production efficiency standpoint, Mabwe Minerals uses customized
equipment, developed by their strategic partners for yielding high percentages
of salvageable barite as the company tracks existing barite veins. Barite types
include bright-white, chemical, industrial and API grades.
MBMI
works with several partners in its mining, transporting, and distributing
recovered commodities operations. The company has assembled a network of
industry alliances to create a turnkey organization for bringing the Dodge
Mine’s recoverable barite deposits to market.
WGB
Kinsey & Company, Mabwe Minerals’ Zimbabwe affiliate, having 25 percent
ownership share, oversees and manages Dodge Mine’s production, expansion,
workforce supervision, safety, health, environmental compliance issues and
transfer of barite to the Shamva Rail Depot. MBMI is in experienced hands with
WGB Kinsey as its tenure in the mining business began 58 years ago.
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