In a fast-paced effort to cash in on a remarkable mining opportunity, Raptor Resources, through its Mabwe Minerals subsidiary, and with the experienced support of a number of operational partners, has begun major production operations at its Dodge Mine project in Zimbabwe, Africa. Unlike typical mining operations, where the take is uncertain or marginal, and the market risky, Raptor is facing the kind of mining opportunity that almost never comes along.
The Dodge Mine rests in a mineral-rich hydrothermal mountain range, and has already been validated to hold hundreds of thousands of tons of barite and limestone, with estimates of far more. Raptor’s immediate interest is in the barite, an important mineral used all over the world in the oil and gas drilling industry. In addition, the company has worked hard to successfully put in place experienced teams through a number of partner companies, to ensure that all sides of the operation run according to plan, from the on-site mining all the way through customer shipment.
WGB Kinsey & Co., one of Zimbabwe’s most experienced and well-equipped mining and construction companies, is now actively managing the project. Most importantly, the final market for barite production is sound, with a major buyer and oil industry player, Baker Hughes, already lined up with a multi-year agreement totaling a whopping 3 million tons, representing hundreds of millions of dollars. As if all of this weren’t enough, there continues to be a growing worldwide shortage of barite which favors continued price increases.
All of this puts Raptor in an extraordinary position. The product is there ready to be mined, the tools and technology are in place to get it out of the ground and processed, everything needed for secure and cost-effective shipment and delivery is lined up, and the customer is there ready to take delivery. Revenue is expected this quarter.
For more information, visit www.RaptorResourcesHoldings.com
Let us hear your thoughts: Raptor Resources Holdings Inc. Message Board