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Mabwe Minerals Inc. (MBMI) To Create Strategic Alliances With Leading Industrial Minerals Distributors

Jul. 09, 2013 10:44 AM ETMBMI
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Mabwe Minerals today announced that it is framing a strategic partnership with both Steinbock Minerals Limited and Yasheya Limited via a Memorandum of Understanding (MOU). Forging these strategic alliances would enable the company to establish a strong presence in the barite marketplace as an emerging high quality source supported by companies that specialize in the worldwide distribution, marketing, sales, shipment and delivery of industrial minerals.

To learn more about today's announcement, view the RaptorNews 2nd Edition publication at dtg.fm/Raptor-Corporate-Briefings.

During the due diligence period, the three companies will be working together at the Port of Beira, Mozambique, along with the Mozambique and Zimbabwe Rail Authorities, to integrate into Mabwe Minerals' network. Steinbock Minerals has first-hand experience mining barite vein deposits having developed customized jigging systems to efficiently capture barite in the halo zones. Working with Mabwe Minerals' minority owned mining partner, WGB Kinsey & Company, Steinbock Minerals is accessing the needs and supporting integration of application-specific equipment tailored to optimize barite production, which is anticipated to accelerate mining efficiencies at Dodge Mine.

Steinbock Minerals specializes in the supply and distribution of multiple barite types along with talc similar to the minerals associated with Mabwe Minerals' Dodge Mine. David Coplet, President of Steinbock Minerals, noted, "I was very pleased to see the barite vein structure with the surrounding high-value halo zone at Dodge Mine as our customized jigging systems are ideal for this setting. Steinbock Minerals is the primary barite distributor supporting chemical-grade applications as well as off-white and bright-white applications. Based on first-hand observations, Dodge Mine barite is world-class in quality."

Yasheya is a highly experienced logistics management company supported by state-of-the-art web-based freight supervision software and is recognized as a worldwide leader in the international transportation of industrial minerals. Abel Coplet, CEO of Yasheya, commented, "Our team was pleased with the Port of Beira visit as we confirmed first-hand the class of vessel we hoped could dock at the port. Based on our preliminary assessment, Mabwe Minerals is competitively positioned to support the barite demands of Europe and the Middle East. The Company is ideally positioned to dominate the local region when addressing the massive oil & gas discoveries off the coast of Mozambique."

Al Pietrangelo, CEO of Mabwe Minerals, stated, "Both Steinbock Minerals and Yasheya have established, long-term relationships with our current oil & gas drilling fluids customer who encouraged all parties to meet. Once the due diligence period is completed, integrating our strategic partners into the Master Supplier Agreement should further strengthen our relationship by surrounding our company with established industry leaders in the distribution and delivery of industrial minerals."

"With state-of-the-art freight management and an established worldwide mineral distribution network, coupled with the tracking ability to monitor our barite inventory at multiple entry points, our pending strategic partners are the missing link for our shareholders as well," concluded Pietrangelo.

For more information, visit RaptorResourcesHoldings.com

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