Mabwe Minerals is in the natural resources and hard asset business. The company is focused on mining barite, ahead of other industrial minerals and metals, at Dodge Mine in Zimbabwe. Mabwe Minerals conducts its operations through its Zimbabwean affiliate, Mabwe Minerals Zimbabwe (Private) Limited, and WGB Kinsey & Company, a minority-owned subsidiary with over fifty-five years of experience in the mining and construction fields.
The first few months of 2014 marked a number of exciting developments for Mabwe Minerals:
• The company expanded its Dodge Mine mineral & metal property rights from 304 acres to 576 acres across three mountains.
• All pre-production work has been completed with up to 10K tons of barite stockpiled.
• All barite characteristics have been testing identifying the processing equipment requirements to yield API-grade barite (oil & gas sector drilling) and chemical-grade barite (medical/paint/automotive).
• Phase I infrastructure has been completed including primary roads, barite qualification yard, jigging yard, equipment yard, employee & management staff housing facilities, new water wells along with barite & limestone open cast mining pits completed.
• MBMI’s parent/holding company, Raptor Resources, acquired the rest of the mountain range adding an additional 612 acres eliminating all barite competitor encroachments.
• There are no known barite competitors in the region to support the African oil & gas drilling sector in East Africa (Tanzania, Mozambique and Kenya) and Southern Africa (South Africa and Namibia) as well as Angola in West Africa. The closest barite competitor supporting this region is from Chennai, India.
With the global market for drilling fluids expected to reach $14.92B by 2020 and expected to grow at a CAGR rate of 8.2%, Mabwe Minerals will be pressed to meet the growing demands from the African oil & gas sector.
For more information, visit www.mabweminerals.com
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