Mabwe Minerals Inc. (MBMI) Advancing with Commercial Production of Barite
Mabwe Minerals, a majority-owned subsidiary of Raptor Resources Holdings (OTCQB: RRHI), is a natural resources and hard asset company engaged in the mining and commercial sales of industrial minerals with first focus on barite and limestone. The primary application for barite is in the oil & gas drilling sector where American Petroleum Institute (API) grade barite is used as a weighting agent to offset formation pressures preventing well collapse during the drilling process. Bright-white grade barite is used as the key ingredient in paint pigmentation ensuring color consistency from lot to lot. Barite has the ability to absorb x-rays and…