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  • Raptor Resources Holdings Inc. (RRHI) Now Able To Expand Other Projects 0 comments
    Aug 21, 2013 1:41 PM | about stocks: RRHI

    For quite some time now Raptor Resources subsidiary Mabwe Minerals has been working on the development of their important Dodge Mine site in Zimbabwe, Africa, preparing it to go into full production of its massive barite deposits.

    It has been an intense process: confirming the size of the deposits, firming up major agreements for selling the barite, and establishing the multiple partnerships and contacts necessary to effectively mine and distribute thousands of tons of material. Raptor's focus on the project is understandable, in as much as it represents potentially hundreds of millions of dollars in long-term revenue. Thanks to a Master Supplier contract with oil industry supplier Baker Hughes, calling for a massive 3 million tons of barite to be purchased over a period of approximately 13 years, it's revenue that is just about as secure as you can get in the mining industry. As a result, everything else has taken a back seat to Mabwe and Dodge.

    In the past few months everything has finally started to come together, and production is now already underway. The project is being capably managed by WGB Kinsey & Company, a 4th generation mining and construction company in Zimbabwe since 1955. Ongoing distribution and shipping are being handled by Steinbock Minerals and Yasheya Ltd. respectively.

    For the first time in a long time, Raptor Resources is now free to turn their attention to their other projects. Their TAG Minerals subsidiary is involved in alluvial gold production, along with the development of greenfield assets targeting bedrock gold and other viable hard assets. Their Makuruanopamaenza Gold Project in Zimbabwe consists of prospecting evaluation rights to over 1400 acres across the Makuruanopamaenza mountain. TAG is also responsible for the ODZI Riverbed project in Zimbabwe. TAG Minerals Inc. utilizes the latest in alluvial gold production equipment, including HPC-30 technology that captures up to 98% of the riverbed gold content down to 50 microns.

    For more information, visit RaptorResourcesHoldings.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: RRHI
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