Raptor Resources Holdings focuses on the acquisition, exploration and development of mineral resources through the operations of its two subsidiaries: Mabwe Minerals Inc. (OTCQB: MBMI), a publicly traded natural resources and hard asset company engaged in the mining and commercial sales of industrial minerals and metals, primarily focused on barite and limestone; and TAG Minerals, a mineral & metal resource acquisition, exploration and development company targeting viable hard assets, seasoned mining companies and developing greenfield resources.
Raptor has taken significant measures to advance Mabwe Minerals as a recognized supplier of barite. The company’s Dodge Mine property in Zimbabwe is a series of hydrothermal mountains comprised of several deposits of superior grade barite, limestone and talc.
Mining production efficiency leverages Mabwe Minerals’ customized equipment and network of strategic partnerships that work in symphony to capture large percentages of salvageable barite, including bright-white, off-white and API grades. In addition to access to an established network of barite customers, Mabwe Minerals also has a 3 million ton long-term master supplier agreement for API grade barite with Baker Hughes, Inc. (NYSE: BHI).
Demand for high-grade barite stems from its wide range of applications. Players in the oil and gas industry value the mineral’s use as a weighting agent for drilling fluids in oil and gas drilling operations. The mineral also has applications in the medical, paint and automotive arenas.
Raptor Resources has guided Mabwe Minerals into the position as a one-stop commercial source of barite, for which worldwide demand continues to grow.
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