Mabwe Minerals, a majority-owned subsidiary of Raptor Resources Holdings (OTCQB: RRHI), is a natural resources and hard asset company engaged in the mining and commercial sales of industrial minerals with first focus on barite and limestone.
The primary application for barite is in the oil & gas drilling sector where American Petroleum Institute (API) grade barite is used as a weighting agent to offset formation pressures preventing well collapse during the drilling process. Bright-white grade barite is used as the key ingredient in paint pigmentation ensuring color consistency from lot to lot. Barite has the ability to absorb x-rays and gamma rays. Consequently, it is used in medical imaging applications for special x-ray tests on the intestines and colon. It is also mixed with cement to make special containers used to store radioactive materials as well as other heavy cement applications. In automotive applications barite is used in brake pads for cars and trucks, sound reduction in engine compartments, and the coating of automobile finishes for smoothness and corrosion resistance.
The company’s Zimbabwe affiliate, Mabwe Minerals Zimbabwe (Private) Limited, an indigenous Zimbabwe company, owns 100% of the mineral & metal rights to Dodge Mine stretching 233 hectares across three mountains. Dodge Mine is managed by Mabwe Minerals’ 25% equity owned partner, WGB Kinsey & Company, a Zimbabwean mining & construction company operating since 1955.
Today, MBMI is currently moving forward with the commercial production of barite, with an aim to benefit from the recent massive discovery of oil & gas off the coast of neighboring Mozambique as well as supporting South Africa’s multiple market applications. Mabwe Minerals is positioned to dominate the region as there are no known commercial sources of barite in Central and South Africa. Along with Steinbock Minerals’ established barite customer base, Mabwe Minerals is well positioned to support the demands of Europe and the Middle-East.
For more information about Mabwe Minerals and the Dodge Mine project, visit www.mabweminerals.com
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