Mabwe Minerals Inc. (MBMI) Uses Key Partnerships to Feed Oil & Gas Industry’s Strong Appetite for Barite
Known for its efficiency as a weighting agent, barite has unarguably earned its worth in the booming global oil and gas industry by enabling rig operators to prevent blowouts or shaft collapse during oil and gas drilling activities. Roughly 85% of recovered barite is used for this purpose, with the remainder going to the automotive, medical and paint additive sectors. As the owner of total mineral and metal rights to the Dodge Mine located in Zimbabwe, Mabwe Minerals is emerging as a commercial source of high-grade barite. The Dodge Mine consists of a series of hydrothermal mountains representing more than…