Mabwe Minerals, a subsidiary of Raptor Resources Holding, is focused on the logistics, mining, and sale of barite and other minerals in Zimbabwe. The company’s primary operations at the Dodge Mine in Shamva are wholly owned by MBMI via privately held affiliate, Mabwe Minerals Zimbabwe, a company indigenous to the African country.
The Dodge Mine has some of the richest API-grade barite on the planet. High demand for barite stems from its use as a weighting agent to prevent well blowouts and shaft collapses in the oil and gas drilling industry, as well as its applications to the automotive, medical diagnostic, and paint pigment industries.
Reflecting this demand, MBMI in recent months secured a long-term Master Supply Agreement with a multi-billion dollar oil and gas company, which has already submitted their first $9 million purchase order.
To support transport and delivery of recovered barite, MBMI has also established strategic alliances with Steinbock Minerals Ltd. and Yasheya Ltd., both of which have fostered long-term relationships throughout the industrial minerals sector relative to shipping and distribution.
WGB Kinsey & Company, MBMI’s minority-owned mining and construction company, is currently engaged in barite production on site at the Dodge Mine project.
By successfully establishing its production, distribution, sales, shipment, and delivery network, MBMI has assumed a position to capitalize on the worldwide demand for barite.
For more information, visit www.RaptorResourcesHoldings.com
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