Raptor Resources, a
natural resources company focused on mineral and metal resource acquisition, exploration
and development, reports that its Zimbabwe affiliate, TAG Minerals Zimbabwe
(Private) Ltd. (“TAG-Z”), has acquired the Derbyshire Stone Quarry, an
established mining company managed by mining operator and strategic partner,
WGB Kinsey & Company.
The Derbyshire Stone
Quarry is the largest indigenous sand & stone quarry in the Harare area and
is located in a prime residential growth zone in Zimbabwe within close
proximity to major road projects. Production products include 10mm stone, 20mm
stone, quarry dust, crusher run, river sand (washed), pit sand, and decomposed
granite.
Per the agreement,
TAG Minerals has acquired Derbyshire stockpile inventory of no less than
$440,000, debtor book/cash in bank of no less than $75,000, as well as new
management contracts for key employees.
“In prior letters to
shareholders, the company committed to building assets within TAG Minerals
during CY 2014. TAG Minerals is focused on viable hard assets, seasoned mining
companies and developing greenfield resources featuring high value minerals
& metals. In just the first quarter of 2014, the company, through its
Zimbabwe affiliate, TAG-Z, has acquired 100 percent of greenfield resource
Raptor Mine targeting nickel and copper for further development as well as the
Derbyshire Stone Quarry, a mature granite quarry in volume production,” Al
Pietrangelo, CEO and president of Raptor Resources stated in the news release.
Raptor Resources is
the parent company of Mabwe Minerals, Inc., a U.S. based natural resources and
hard asset company engaged in the mining, logistics, and commercial sales of
industrial minerals and metals, with first focus on barite and limestone; and
TAG Minerals, Inc., a U.S. based mineral/metal resource acquisition,
exploration and development company targeting viable hard assets, seasoned
mining companies along with developing greenfield resources aimed at high value
minerals and metals.
For more
information, visit www.raptorresourcesholdings.com
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