QualityStocks would like to highlight
Mabwe Minerals Inc. (
OTCBB: MBMI), a U.S. based natural resources and hard asset company focused on the mining, logistics, and commercial sales of industrial minerals and metals, with a particular emphasis on barite. The company's operations are conducted through its Zimbabwe affiliate, Mabwe Mineral Zimbabwe (Private) Ltd. Transitioning into commercial production, MBMI's company fundamentals are well positioned with virtually no debt and key strategic partnerships in place.
In the company’s news,
Mabwe Minerals has commenced barite and limestone production at Dodge Mine after receiving the appropriate certification and permits from The Environmental Management Agency (EMA). The company says that obtaining the EIA permit validates its presence as a viable foreign investment company in the mining sector.
Mabwe Minerals’ mining and construction partner, WGB Kinsey & Company, is now on site building long-term infrastructure and shaping the open pit. Mabwe Minerals anticipates beginning barite and limestone production this month.
Barite revenue is expected this quarter as Mabwe Minerals begins staging qualification lots sorted by barite type for review by pending strategic partner, Steinbock Minerals, who specializes in the distribution of industrial minerals. Another pending strategic partner, Yasheya Limited, a company specialized in the shipment of industrial minerals, better positions Mabwe Minerals to meet multiple customer requirements in Europe and the Middle-East. Mabwe Minerals also anticipates meeting demand in the growing oil and gas drilling fluids sector demands off the coast of Mozambique and South Africa.
“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,” Al Pietrangelo, president and CEO, stated in the press release. “We are very pleased to inform our shareholders that Dodge Mine is open for business.”
Mabwe Minerals is setting up a sales office at Dodge Mine and has established indigenous relationships in Zimbabwe to support demand from local buyers who use limestone for 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.”
About QualityStocks
QualityStocks, based in Scottsdale, Arizona, is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters into one Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their investor communication efforts and connecting subscribers with companies that have huge potential to succeed in the short and long-term future.
To sign up for The QualityStocks Daily Newsletter, please visit www.QualityStocks.com
To connect with QualityStocks via Facebook, please visit http://Facebook.com/QualityStocksPage
To connect with QualityStocks via Twitter, please visit http://Twitter.com/QualityStocks
Please read FULL disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
