Mabwe Minerals, a Raptor Resources Holdings (OTCQB: RRHI) subsidiary, is engaged in the logistics, mining and commercialization of barite and other minerals in Zimbabwe, Africa. The company, through its Zimbabwe affiliate, has full ownership of the mineral and metals rights for its primary operation, the Dodge Mine, which sits on a hydrothermal mountain range in Zimbabwe known for its abundance of superior barite deposits, as well as limestone and talc.
MBMI has secured a 3 million-ton long-term Master Supply Agreement for API grade barite with Baker Hughes, Inc. (NYSE: BHI). To maximize production efficiency and meet terms of the agreement, MBMI has established relationships with strategic partners who have developed customized equipment to capture a large share of salvageable bright-white, off-white, chemical, and API-grade barite in the halo zone just outside the primary barite vein structures.
To follow-up successful excavation, MBMI leverages several additional strategic partnerships that form a strong network to support barite distribution and transportation. Steinbock Minerals, who specializes in the worldwide distribution of industrial minerals, is MBMI's global marketing, sales and distribution arm of the company - Steinbock has an established barite customer base supporting up to 20% of the market's demand for barite. Yasheya Ltd., who specializes in the worldwide shipment of industrial minerals, is MBMI's shipment and delivery arm providing door-to-door services.
Furthermore, through its relationship with leading grain importer PHI Commodities, MBMI has formed alliances with the National Railways of Zimbabwe (NYSE:NRZ), the Mozambique Railway Authorities (CFM) who own the Port of Beira and Cornelder, the port's leaseholder. With assistance by the NRZ, MBMI has secured the primary rail transfer yard at the Shamva Rail Depot located within 17 km of Dodge Mine.
Dodge Mine is managed by MBMI's minority-owned partner, WGB Kinsey & Company, Zimbabwe's most experienced mining and construction company since 1955.
As it seeks to take advantage of growing barite demand worldwide, MBMI has steadily built key supporting factors and relationships that position the company as a reliable commercial source of barite. Heading into 2014, the company also intends to further develop its talc resources and explore the widespread occurrences of area gossan deposits where initial surface level testing has confirmed the presence of nickel, zinc, copper, gold and lead.
For more information, visit mabweminerals.com
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