Global Oil Boom Boosts Barite Value, Demand; Mabwe Minerals Inc. (MBMI) is Ready
Mabwe Minerals, a Raptor Resource Holdings (OTCQB: RRHI) subsidiary, along with its affiliate owns 100% of the mineral and metal rights to the Dodge Mine in Zimbabwe, where the company’s primary focus is on the project’s extensive barite deposit. While barite has a variety of applications in the automotive, consumer goods and medical markets, the mineral is primarily used as a weighting agent for the oil and gas industry. This market segment provides a high-potential end market for Mabwe Minerals as vertical drilling technologies unlock greater drilling opportunities worldwide. Oil and gas is unarguably an industry of consistent growth, which…