Mabwe Minerals Commences Mining Operations at Dodge Mine
July 16 2013 - 8:30AM
Marketwired
Mabwe Minerals Inc. (OTCQB: MBMI) (the "Company") is pleased to
announce that barite and limestone production has commenced at
Dodge Mine.
The Environmental Management Agency (EMA) has completed
certification of Mabwe Minerals' Dodge Mine and issued the required
permit to immediately begin mining operations. With this milestone
accomplished, Mabwe Minerals' mining & construction partner,
WGB Kinsey & Company, is now on site building long term
infrastructure and shaping the open pit. The Company anticipates
beginning barite & limestone production this month.
For further information, view the RaptorNews 3rd Edition
publication at (http://dtg.fm/Raptor-Corporate-Briefings).
Barite revenue is expected this quarter as the company begins
staging qualification lots sorted by barite type for review by
Steinbock Minerals, MBMI's pending strategic partner, who
specializes in the distribution of industrial minerals. Together
with pending strategic partner Yasheya Limited, who specializes in
the shipment of industrial minerals, Mabwe Minerals is well
positioned to support multiple customer requirements in Europe and
the Middle-East. In addition, MBMI is ideally positioned to support
the growing oil and gas drilling fluids sector demands off the
coast of Mozambique and South Africa.
With strong local demand for limestone, the Company is setting
up a sales office at Dodge Mine to support local buyers. Limestone
is used as a key ingredient in cement and as a fertilizer in
agricultural applications. Dean Harrison, Director of Mabwe
Minerals Zimbabwe (Private) Limited, noted, "We have already
qualified our limestone with one of the largest cement companies in
the Harare District with growing demand for qualification samples
for use in agricultural applications."
Securing the Environmental Impact Assessment (EIA) permit is a
material event in that MBMI has now firmly established itself as a
viable foreign investment company in the mining sector who, as an
early adopter, has established compliant indigenous Zimbabwe
companies. Along with its indigenous partners, the Company has
completed every step of the process required by the Mining
Commission from securing the Dodge Mine Certificate of Registration
demonstrating ownership of Dodge Mine blocks 1-6 to securing the
EIA permit allowing immediate access to the property to commence
mining operations.
Al Pietrangelo, President & CEO, stated, "The EIA represents
the accumulation of 18 months of hard work on behalf of our
shareholders, which has resulted in acquiring Dodge Mine and WGB
Kinsey & Company ownership, as well as building key strategic
partnerships with PHI Commodities, Steinbock Minerals and Yasheya.
We are very pleased to inform our shareholders that Dodge Mine is
open for business."
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