SOURCE: Raptor Resources Holdings, Inc.
FREEHOLD, NJ--(Marketwired - Apr 30, 2014) - Raptor Resources Holdings Inc. (OTCQB: RRHI) (the "Company"), a natural resources company focused on mineral and metal resource acquisition, exploration and development, as previously announced, reports that its Zimbabwe affiliate, TAG Minerals Zimbabwe (Private) Ltd. ("TAG-Z"), has acquired 100% of the Derbyshire Stone Quarry.
In addition to the latest edition of the RaptorReport Newsletter (http://www.raptorresourcesholdings.com/RaptorReport/DerbyshireStoneQuarry/), the company has released a new Derbyshire Stone Quarry video (http://www.raptorresourcesholdings.com/media/videos/).
The quarry is operated by strategic partner, WGB Kinsey & Company, which has 59 years of experience in the construction and mining sectors and a management team led by General Manager, Garth Heathcote, and Quarry Manager, Philip Mupararano. Unaudited financials show a 32% year-to-year revenue increase to $2,952,926 for the year ending in 2013.
The company produces low cost, quality sand & stone for the construction industry including 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."
About Raptor Resources Holdings Inc.
Raptor Resources Holdings Inc. (OTCQB: RRHI) is the parent/holding company of Mabwe Minerals Inc. with a second independently operating, wholly owned subsidiary, TAG Minerals Inc.
To learn more about Raptor Resources Holdings, visit www.raptorresourcesholdings.com
About Mabwe Minerals Inc.
Mabwe Minerals Inc. (OTCQB: MBMI) is a U.S. based natural resources and hard asset company engaged in the mining, logistics and commercial sales of industrial minerals and metals, with first focus on barite and limestone at Dodge Mine. Raptor Resources Holdings owns 90 million shares of Mabwe Minerals or approximately 64% of its issued and outstanding shares of common stock.
To learn more about Mabwe Minerals, visit www.mabweminerals.com
About TAG Minerals Inc.
TAG Minerals Inc. is a U.S. based mineral/metal resource acquisition, exploration and development company targeting viable hard assets, seasoned mining companies along with developing greenfield resources aimed at high value minerals & metals.
Notice Regarding Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" ("FLS") within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. Raptor Resources Holdings Inc. and Mabwe Minerals Inc. have no specific intention to update these statements.