Mabwe Minerals Inc. (MBMI) Prepares to Meet Demand for Barite
U.S.-based Mabwe Minerals operates through its Zimbabwe affiliate, Mabwe Corp. Ltd., as a natural resources and hard asset company focused on the mining, logistics, and commercial sales of industrial minerals and metals with a primary focus on barite. Barite is a weighting agent for drilling fluids in oil and gas drilling operations. The mineral also has applications in the medical, paint, and automotive arenas. As Mabwe moves from a development phase company into a commercial producer of barite production, the company aims to benefit from the recent discovery of oil off the coast of neighboring Mozambique and the subsequent new…