SCOTTSDALE, AZ--(Marketwired - May 29, 2013) - Mabwe Minerals Inc. (
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Along with its affiliate, Mabwe Minerals Zimbabwe (Private) Ltd., the company owns 100% of the mineral & metal rights to Dodge Mine. The mine will be managed by Mabwe Minerals' minority owned partner, WGB Kinsey & Company, Zimbabwe's most experienced mining & construction company representing four generations of Kinsey leadership. Management believes WGB Kinsey & Company has all the necessary equipment and management experience to efficiently perform all the mining operations at Dodge Mine.
The Dodge Mine property consists of three hydrothermal mountains representing 123 hectares containing multiple deposits of superior-grade barite, limestone, and talc. Hydrothermal barite deposits throughout Dodge Mine represent the highest grade of new barite sources to be brought into commercial production in years. A third party oil & gas drilling sector geologist recently confirmed that the multiple barite deposits are considered "World Class" in quality and highly efficient to mine via open pit extraction following the barite veins and salvaging large percentages of barite within the halo zones via jigging systems.
Al Pietrangelo, CEO of Mabwe Minerals, stated, "Transitioning into commercial production with virtually no debt, MBMI is well positioned to generate significant shareholder returns. We appreciate the opportunity to sponsor the QualityStocks Newsletter, Videos and Blogs. QualityStocks is providing a much needed service in the micro-cap and small-cap markets."
About Mabwe Minerals Inc. ( MBMI )
Mabwe Minerals Inc., incorporated in Wyoming, is a U.S. based natural resources and hard asset OTCQB publicly traded, fully reporting company engaged in the mining, logistics and commercial sales of industrial minerals and metals, with its first focus on barite. The company's operations are conducted through its Zimbabwe affiliate, Mabwe Corporation (Private) Limited. Raptor Resources Holdings owns 90 million shares of Mabwe Minerals or approximately 66.4% of its issued and outstanding shares of common stock.
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Forward-Looking Statements:
This release contains 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. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Contact: Astra Thomas QualityStocks Scottsdale, Arizona www.QualityStocks.com 480.374.1336 editor@QualityStocks.net
