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  • Raptor Resources Holdings Inc. (RRHI) Seeing Subsidiary Exceeding Total Order Estimates 0 comments
    Dec 20, 2013 1:09 PM | about stocks: RRHI

    Raptor Resources Holdings is a holdings company that is focused on mineral resource acquisition, exploration, and development. The company has two subsidiaries, Mabwe Minerals Inc. and TAG Minerals Inc., which it leverages for operations in valuable mineral and metal resource markets. Raptor Resources Holdings is pushing for greater mineral resource market viability through organic growth and strategic acquisitions of seasoned mining and mineral assets.

    Raptor Resources Holdings' subsidiary Mabwe Minerals recently reported that a recent purchase order has pushed its total purchase orders beyond prior estimates. Mabwe Minerals is a fully reporting, publicly traded natural resources and hard asset company. At present, it is engaged in the mining and commercial sales of industrial minerals and minerals, with a primary emphasis on barite. Barite is a naturally occurring mineral that enjoys multiple applications in the oil and gas, medical, automotive, and paint pigment industries. Globally, barite is projected to jump 16% over the next two years. The subsidiary is pushing to meet this demand through mining operations at Dodge Mine in Zimbabwe, a 123-hectare property noted to contain multiple deposits of superior grade barite, limestone, and talc. The site is noted to be one of the most promising locales for barite mining that has been found in some time.

    Mabwe Minerals' Zimbabwe affiliate was recently given a purchase order for 10,000 metric tons. The new order now brings the affiliate's total purchase orders to 12,000 metric tons, an amount that exceeds previous estimates. WGB Kinsey & Company, the Zimbabwe company that Mabwe Minerals Zimbabwe (Private) Ltd. has partnered with to coordinate all activities of the Dodge Mine project, is continuing to push for greater operations efficiency and coordination.

    Mabwe Minerals continues to report substantial progress in other parts of its operations as well. With this key partner is place, Raptor Resources Holdings is positioned to be a strong player in South African regional markets for barite and in international quarters as well.

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: RRHI
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