Industrial minerals often take a back seat to more glamorous commodities such as gold and diamonds, at least when it comes to investor interest. But one company that believes specialty metals and industrial mineral products offer good potential for profits is Mountain Minerals (TSE), which has opened an acquisitions office in Beijing, China.
The company, a subsidiary of Royal Oak Mines (TSE), has been active in China since early 1994, when it signed a joint-venture agreement with Guizhou Provincial Metals and Minerals to establish a barite processing plant to service the Asian market.
By the end of 1994, a new plant was built and commissioned, with staffing and training of operators completed last year. The plant is now producing micronized barite for export.
Throughout the same period, the company established contacts in China and was introduced to growth opportunities involving alternate industrial mineral products and high value-added products associated with rare earths and specialty metals. These will be investigated from the new office in Beijing.
Mountain Minerals has well-established, industrial mineral operations in North America that will provide economic stability while the new opportunities are pursued. These projects involve barite, silica, limestone and gypsum products and zeolite.
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