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Mabwe Minerals Inc. (MBMI) Looks for Wide Ranging Barite Applications to Fuel Growth
Mabwe Minerals concentrates its operations on the logistics, mining, and sale of barite and other industrial minerals and metals in Zimbabwe. Established as subsidiary of Raptor Resources Holdings, the company’s main operations are at Dodge Mine in Shamva, Zimbabwe. According to gravity mapping data, the mine holds huge deposits of high quality barite, limestone, and talc. Dodge Mine is also suspected of holding copper, zinc, nickel, and gold.
Barite applications are commercially varied and noted for their usefulness in the oil and gas, automotive and heavy concrete, medical diagnostics, and paint pigment fields.
It is worth noting that with Dodge Mine holding some of the best API-grade barite on earth, it could cover the market demand for weighting agents used during oil and gas drilling to stop well blowouts and shaft collapses. Most significantly, Mabwe Minerals has already gained access to an established network of barite customers and secured a supplier agreement for $3 million tons of high-grade barite with a multibillion dollar oil and gas company.
Mabwe Minerals has also set up strategic partnerships and alliances with the Zimbabwe’s leading logistical and mining companies to ensure a strong regional presence and worldwide delivery network. One such alliance is with Yasheya Limited which has over two decades in industrial mineral logistics and has shipped over 30M tons worldwide via a broad array of multimodal platforms ranging from bulk ocean shipping with containers, to coasters and barging. Yasheya Ltd. also performs rail and trucking functions, in addition to the ancillary warehousing and port logistics providing true door-to-door services. Other partners include Steinbock Minerals Limited, which is widely known as a specialist in global distribution, marketing, and sales of barite, and WGB Kinsey & Company, which has been doing open pit mining for 58 years – a vital requirement at Dodge Mine.
For more information about Mabwe Minerals, visit www.mabweminerals.com
