Scottsdale 8/17/2013 3:00:00 AM
Raptor Resources Holdings (RRHI) Subsidiary Inks Strategic Distribution Deals, Advancing Barite Production Plan
QualityStocks would like to highlight Raptor Resources Holdings Inc. (OTCQB: RRHI), a publicly traded holdings company focused on mineral resource acquisition, exploration, and development. The company currently has two subsidiaries: Mabwe Minerals Inc. (MBMI), a natural resources and hard asset company engaged in the mining and commercial sales of industrial minerals & metals with first focus on barite; and TAG Minerals Inc., a mineral & metal resource acquisition, exploration, and development company with first focus on alluvial surface gold.
In the company’s news,
Raptor Resources subsidiary Mabwe Minerals, through its partnership with PHI Commodities, has exclusive load rights from the Shamva Rail Depot direct to the Port of Beria, Mozambique, utilizing their fleet of rail wagons. The Shamva Rail Depot transfer yard is within 17km of Mabwe Minerals’ Dodge Mine Project in Zimbabwe, engaged in barite production.
Following previously announced intentions to do so, Mabwe Minerals Thursday announced it has officially entered into strategic alliances with both Steinbock Minerals Limited and Yasheya Limited, positioning the company with a solid foundation for its distribution, sales, shipment, and delivery network.
Steinbock Minerals will be Mabwe Minerals’ distributor and sales arm as they specialize in the worldwide distribution of industrial minerals, with first focus on barite. Switzerland-based Steinbock Minerals has established a customer base throughout Europe and the Middle East.
As a leading transporter of industrial minerals, Yasheya will be Mabwe Minerals’ shipping and delivery arm. Yasheya specializes in ocean shipping, containers, coasters, barging, railing, trucking, and warehousing.
“Both Steinbock Minerals and Yasheya have established, long-term relationships throughout the industrial minerals sector. They are a welcomed addition to our network of strategic partners as we start ramping up production at Dodge Mine,” Al Pietrangelo, CEO of Mabwe Minerals, stated in the press release. “We look forward to providing our shareholders with pending updates through our corporate newsletters.”
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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.
