Mabwe Minerals Receives 10,000 Ton Purchase Order
December 18 2013 - 10:10AM
Marketwired
Mabwe Minerals Receives 10,000 Ton Purchase Order
Steinbock Minerals Issues Second Barite Purchase Order This
Quarter
FREEHOLD, NJ--(Marketwired - Dec 18, 2013) - 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 Zimbabwe affiliate, Mabwe
Minerals Zimbabwe (Private) Ltd., has been issued a second purchase
order for 10,000 metric tons. This new order brings the total
tonnage purchased this quarter to 12,000 metric tons, which exceeds
earlier estimates.
To view the latest edition of the MabweMessage Newsletter, which
shows the purchase order, on-site multimedia and additional
information, visit http://dtg.fm/mbmi-letter-12-18-13.
The third visit by Steinbock Minerals was completed in early
December. Working side-by-side with WGB Kinsey & Company, all
parties continue to implement processes and procedures to further
improve production efficiencies at Dodge Mine. A jigging system has
been identified in South Africa. Four truckloads of barite will be
sent to the site for final testing shortly after the New Year.
WGB Kinsey & Company has now cleared all overburden and
staged halo zone barite for further jigging once in production by
the second quarter. The east barite lens has now been fully exposed
with production into the lens to begin after the New Year. During
the process, an ADIT tunnel was exposed leading 60 meters into the
first hill of Dodge Mine. The tunnel exposed the barite lens
continuing into the first mountain trending upwards towards the
historic Glory Hole as expected.
In further news, the Pycnometer test equipment has been
delivered as part of the company's roadmap to install a Dodge Mine
test facility on site. The instrument will be used for determining
the specific gravity of barite.
Tapiwa Gurupira, Director of Mabwe Minerals, commented, "We are
excited about the events shaping up for the first quarter next
year. Steinbock Minerals has released their second purchase order
exceeding expectations, WGB Kinsey will begin barite production
into the barite lens, large quantities of barite targeted for the
jigging system is stockpiled, testing of the jigging equipment in
South Africa is in play and the first key piece of test equipment
for the Dodge Mine test facility is in house."
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 and
limestone. 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 Inc. (OTCQB: RRHI), MBMI's
parent/holding company, owns 90 million common shares of Mabwe
Minerals. To learn more about Mabwe Minerals, visit:
www.mabweminerals.com or www.dtg.fm/MBMI-Presentation.
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