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  • Mabwe Minerals Inc. (MBMI) Prepares For Commercial Production Leveraging Pending, Current Partnerships 0 comments
    Jun 27, 2013 2:06 PM | about stocks: MBMI

    Mabwe Minerals operates through its Zimbabwe affiliate, Mabwe Corp. Ltd., as a U.S.-based natural resources and hard asset company focused on the mining, logistics, and commercial sales of industrial minerals and metals.

    The company's primary focus is on barite, a weighting agent for drilling fluids in oil and gas drilling operations, and is also used for medial, paint, and automotive applications. Moving from a development phase company into commercial barite production, the company is preparing to benefit from rising global demand.

    MBMI's Dodge Mine project is comprised of three hydrothermal mountains with multiple deposits of barite, limestone, and talc. A third-party oil & gas drilling sector geologist recently classified the barite deposits at Dodge Mine as "world class" based on their high percentage content of barium sulfate (BaSO4).

    Based on its findings, MBMI is negotiating strategic partnerships with Steinbock Minerals, which specializes in the worldwide distribution, marketing, and sales of industrial metals, including barite; and Yasheya Ltd., which specializes in the global shipment of industrial metals.

    In regards to the pending partnerships, MBMI is preparing samples for qualification into Steinbock's barite customer base with anticipation it will commence shipments of chemical, off-white and bright-white barite types for high-end market applications via another strategic partnership with PHI Commodities.

    MBMI has already established a partnership with grain importer PHI in which MBMI has exclusive load rights to PHI's fleet of 80 rail wagons for the non-stop return of loads from the Shamva Rail Depot near Dodge Mine to the Port of Beira, Mozambique.

    MBMI recently secured a long term, $9 million Master Supplier Agreement (NYSE:MSA) with Baker Hughes, an established oil & gas drilling sector company. The deal represents 3 million metric tons of American Petroleum Institute (NYSEMKT:API) grade barite to be delivered at a rate of 220,000 metric tons per year.

    Supported by its partnership with PHI, MBMI will utilize its expanded land transportation capacity to Port Beira to expand mining production and support non-API customers scheduled to begin white barite qualification upon delivery of samples later this year.

    For more information, visit raptorresourcesholdings.com

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    Stocks: MBMI
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