Scottsdale 5/2/2014 3:00:00 AM
QualityStocks News - Raptor Resources Holdings (RRHI) Updates Investors on Derbyshire Stone Quarry Project
QualityStocks would like to highlight Raptor Resources Holdings Inc. (OTCQB: RRHI), a publicly traded holdings company focused on mineral resource acquisition, exploration, and development, including barite, nickel, copper, gold, and stone products. 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 a focus on alluvial surface gold and stone products.
In the company’s news,
Raptor Resources Holdings announced that its private Zimbabwe affiliate, TAG Minerals Zimbabwe Ltd., has acquired 100% of the Derbyshire Stone Quarry. A new video featuring the mining project currently underway has been added to the Raptor Resources website: http://www.raptorresourcesholdings.com/media/videos/.
The Derbyshire Stone Quarry is an established mining company managed by mining operator and strategic partner, WGB Kinsey & Company. Products produced include 10mm stone, 20mm stone, quarry dust, crusher run, river sand (washed), pit sand, and decomposed granite. The Derbyshire Stone Quarry is the largest indigenous sand & stone quarry in the Harare area and is located in a prime residential growth zone within close proximity to major road projects.
Garth Heathcote, General Manager of the Derbyshire Stone Quarry, commented, “Last year our business objectives were to improve production efficiencies, lower costs and streamline administrative operations to ensure quick customer turnaround. Along with improved inventory management, the company is now aggressively targeting corporate clients in preparation for an expected increase in road construction demand over the next 12-18 months.”
Notably, WGB Kinsey & Company has first-hand experience performing the type of mining required at the Derbyshire quarry since 1955. The company has an impressive fleet of mining equipment that is capable of efficiently performing all necessary development and production operations work. As one of Zimbabwe’s most experienced mining and construction companies, WGB Kinsey, will manage all aspects of the Derbyshire Stone Quarry. Both Anthony Kinsey and Kevin Hegarty are members of Raptor Resources’ Advisory Board. The company was founded nearly 60 years ago by William Gordon Bain Kinsey and his son Basil Jack Walter Kinsey starting as a small contractor dealing with labor based projects within Zimbabwe’s capital city, Harare. Over the years the company has evolved by moving into the construction of roads and civil works, township development, water and sewer reticulation, and earth dam construction. Today, the company’s main line of business is open cast contract mining and plant hire, an industry WGB Kinsey has been heavily involved in for the past decade.
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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.
