Mabwe Minerals Launches New Web Site as Affiliate Finalizes Barite Specification Sheets to Commence Barite Qualification
October 03 2013 - 08:30AM
Marketwired
Mabwe Minerals Inc. (OTCQB: MBMI) (the "Company"), a natural
resources company engaged in the mining and commercial sales of
industrial minerals and metals, is pleased to announce that the
Company has launched its new web site together with the release of
the first video chronologically tracking the developments at Dodge
Mine, owned by Mabwe Minerals Zimbabwe (Private) Limited (Mabwe-Z),
as well as the first edition of the MabweMessage Newsletter.
Mabwe Minerals Website: www.mabweminerals.com
Mabwe Minerals Video:
http://www.mabweminerals.com/media/videos
MabweMessage Newsletter:
http://www.raptorresourcesholdings.com/content/mbmi-message-1
Through the MabweMessage Newsletter, shareholders will be kept
abreast of the ongoing developments at Dodge Mine as WGB Kinsey
& Company continues to build long-term infrastructure and
continues barite production. With assistance from strategic
partners, Mabwe-Z has now established different grades of barite
types to address the multiple market applications for barite
ranging from API-grade barite to support the oil & gas drilling
sector to bright white barite supporting the paint industry.
As part of the lot qualification process, Mabwe-Z will be
sending bi-weekly lots of barite, sorted by grade type, to multiple
test labs under the supervision of Steinbock Minerals, whose barite
customer base has historically approved as third party, independent
barite test facilities. The accumulation of multiple lots of test
data will be used to set specification sheets for the different
grades of barite. Once the specification sheets are completed
during the 4th Qtr. 2013, lot qualification should commence shortly
thereafter, as our strategic partners network with their barite
customer base to set up initial shipments for final customer
approval.
Tapiwa Gurupira, Director of Mabwe Minerals Zimbabwe (Private)
Limited, commented, "We are so pleased to witness the superior work
being performed by WGB Kinsey & Company, as they continue to
expand employee housing, management offices, roadways and all
related tasks associated with building long-term infrastructure at
Dodge Mine. The company is even more excited to see WGB Kinsey
& Company actively mining barite. Mabwe-Z looks forward to
their first shipment, as it continues developing the barite
specification sheets in order to commence barite lot qualification
during the fourth quarter 2013."
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, MBMI's parent/holding company, owns 90
million shares of Mabwe Minerals or approximately 64.5% of its
issued and outstanding shares of common stock.
To learn more about Mabwe Minerals, visit: www.mabweminerals.com
or www.dtg.fm/MBMI-Presentation.
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 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, targets viable hard assets, seasoned
mining companies and developing greenfield resources aimed at gold
and other minerals & metals.
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.
Contact: J. Louis Schlegel IV Vice President: Business
Development J4@mabweminerals.com