Mabwe Minerals Frames Strategic Alliances With Steinbock Minerals Ltd. and Yasheya Ltd.
July 09 2013 - 08:30AM
Marketwired
Mabwe Minerals Inc. (OTCQB: MBMI) (the "Company") is pleased to
announce the forging of a strategic partnership with both Steinbock
Minerals Limited and Yasheya Limited via a Memorandum of
Understanding (MOU) that is currently under favorable due
diligence. With mutual interest, pursuing these strategic alliances
represents the missing link to the Company's ability to establish a
strong presence in the barite marketplace as an emerging high
quality source supported by companies that specialize in the
worldwide distribution, marketing, sales, shipment and delivery of
industrial minerals.
For further information, view the RaptorNews 2nd Edition
publication at http://dtg.fm/Raptor-Corporate-Briefings.
During the due diligence period, the companies will be working
together at the Port of Beira, Mozambique, along with the
Mozambique and Zimbabwe Rail Authorities, to integrate into Mabwe
Minerals' network. Steinbock Minerals has first-hand experience
mining barite vein deposits having developed customized jigging
systems to efficiently capture barite in the halo zones. Working
with Mabwe Minerals' minority owned mining partner, WGB Kinsey
& Company, Steinbock Minerals is accessing the needs and
supporting integration of application-specific equipment tailored
to optimize barite production, which should accelerate mining
efficiencies at Dodge Mine.
Steinbock Minerals specializes in the supply and distribution of
multiple barite types along with talc similar to the minerals
associated with Mabwe Minerals' Dodge Mine. David Coplet, President
of Steinbock Minerals, noted, "I was very pleased to see the barite
vein structure with the surrounding high-value halo zone at Dodge
Mine as our customized jigging systems are ideal for this setting.
Steinbock Minerals is the primary barite distributor supporting
chemical-grade applications as well as off-white and bright-white
applications. Based on first-hand observations, Dodge Mine barite
is world-class in quality."
Yasheya is a highly experienced logistics management company
supported by state-of-the-art web-based freight supervision
software and is recognized as a worldwide leader in the
international transportation of industrial minerals. Abel Coplet,
CEO of Yasheya, commented, "Our team was pleased with the Port of
Beira visit as we confirmed first-hand the class of vessel we hoped
could dock at the port. Based on our preliminary assessment, Mabwe
Minerals is competitively positioned to support the barite demands
of Europe and the Middle East. The Company is ideally positioned to
dominate the local region when addressing the massive oil & gas
discoveries off the coast of Mozambique."
Al Pietrangelo, CEO of Mabwe Minerals, stated, "Both Steinbock
Minerals and Yasheya have established, long-term relationships with
our current oil & gas drilling fluids customer who encouraged
all parties to meet. Once the due diligence period is completed,
integrating our strategic partners into the Master Supplier
Agreement should further strengthen our relationship by surrounding
our company with established industry leaders in the distribution
and delivery of industrial minerals."
"With state-of-the-art freight management and an established
worldwide mineral distribution network, coupled with the tracking
ability to monitor our barite inventory at multiple entry points,
our pending strategic partners are the missing link for our
shareholders as well," concluded Pietrangelo.
About Raptor Resources Holdings Inc.
Raptor Resources Holdings Inc. (OTCQB: RRHI) is the
parent/holding company of Mabwe Minerals Inc. with a second
independently operating subsidiary: TAG Minerals Inc.
To learn more about Raptor Resources Holdings and its
subsidiaries, visit www.raptorresourcesholdings.com or
www.dtg.fm/RRHI-Presentation.
About Mabwe Minerals Inc.
Mabwe Minerals Inc. is a U.S. based natural resources and hard
asset company engaged in the mining, logistics and commercial sales
of industrial minerals and metals, with first focus on barite. The
company's operations are conducted through its Zimbabwe
parent/holding affiliate, Mabwe Corporation (Private) Limited,
which includes wholly owned subsidiary Mabwe Minerals Zimbabwe
(Private) Limited and minority owned WGB Kinsey & Company.
Raptor Resources Holdings owns 90 million shares of Mabwe Minerals
or approximately 66% of its issued and outstanding shares of common
stock.
To learn more about Mabwe Minerals, visit
www.dtg.fm/MBMI-Presentation.
About TAG Minerals Inc.
TAG Minerals Inc. is a U.S. based mineral/metal resource
acquisition, exploration and development company. The company, with
operations conducted through its indigenous affiliate TAG Minerals
Zimbabwe (Private) Limited, is responsible for alluvial gold
production along with the development of greenfield assets
targeting bedrock gold and other viable hard assets.
Notice Regarding Forward-Looking
Statements
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements"
("FLS") within the meaning of section 27A of the Securities Act of
1933, Section 21E of the Securities Exchange Act of 1934, and as
that term is defined in the Private Securities Litigation Reform
Act of 1995. FLS include statements predictive in nature, depending
upon or referring to future events / conditions, including words
like "believes," "anticipates," "intends," "plans," "expects," and
similar expressions. Statements concerning future financial
performance (revenues, earnings, and growth rates), ongoing
business strategies / prospects, and future actions, which may be
provided by management, are also FLS as defined by the Act. The
actual and any future results, performance or achievements of the
Company, expressed or implied, may be materially different and vary
significantly for different reporting periods due to FLS that
involve known and unknown risks and other factors. Management
believes that the assumptions made and expectations reflected in
the FLS are reasonable. There is no assurance that the underlying
assumptions will prove to be correct and the actual future results
may be different from expectations expressed above. These
statements are not guarantees of future performance. Raptor
Resources Holdings Inc. and Mabwe Minerals Inc. have no specific
intention to update these statements.
J. Louis Schlegel IV Vice President: Business Development
J4@RaptorResourcesHoldings.com