MBMI >>Company Highlights (From 10K)

Increased Total Assets 476%

Decreased Total Liabilities 99%

All prior RPTN conversion option liabilities retired ($11,789,870)

All prior RPTN senior convertible notes payable retired ($11,012,854)

All salaries reduced from “$353,198” to “$0”

Outstanding common shares @ 135,585,750 with ~8M shares in the float

Acquired a 25% equity position in WGB Kinsey & Company

Acquired 100% of Dodge Mine

Secured the company’s 1st $9,000,000 barite purchase order

Secured a total net deferred tax asset of $27,738,000


Mabwe Minerals has secured a long term Master Supplier Agreement (MSA) with Baker Hughes Inc (BHI: Market Cap $19.7B). The MSA represents 3,000,000 metric tons of barite to be delivered at a rate of 220,000 tons/year. At an average 2012 price of $150/ton, the 13.5 year agreement represents $450,000,000.

Our customer has now released their 1st purchase order against the Master Supplier Agreement via a $9,000,000 USD Letter of Credit with deliveries to commence during the 2nd half of CY 2013.