The mine contains one of the largest and purest forms of Barium Sulfate found. The mine is registered at the National Mining Registry under registry code HHGJ-04. The company's purpose is the exploration, exploitation and obtainment of barium sulfate (Barite) and other minerals, as well as their merchandising, import and export either in bulk or processed under Concession Contract 582.  The company also performs foreign trade operations and particularly devotes its activities towards the national and international promotion of merchandising of Colombian products:  drilling of deep wells, drilling with recovery of core for mining, geophysical studies and their interpretation studies of ore, design and construction of civil, hydraulic, sanitary and environmental works; importation of machinery and mining equipment, civil works, and drilling.

Location – with in close proximity to U.S.A.

Quality - exportation of high quality Barium Sulfate

Safety - provision of safe quality excavation and transportation of Barium Sulfate

Transportation - guaranteed of low cost transportation and shipping methods

Mission

With close proximity to the U.S.A., Colombia represents an alternative to China for Barium Sulfate export.  With a relatively small investment, there is a potential to create a local economy for the Colombian people in the surrounding cities. Increasing demand for Barium Sulfate will provide this economy for many years to come.

 Barium Sulfate has many important medical and industrial uses:

·         Barium metal oxidize very easily when exposed to air and is highly reactive with water or alcohol, producing hydrogen gas

·         Barite (BaSO4) is extremely important to the petroleum industry, is used in drilling mud, a weighting agent in drilling new oil wells

·         Barium sulfate is also a good X-ray absorber, used in X-ray diagnostic work for obtaining images of the digestive system ("barium meals" and "barium enemas")

·         Barium is used in root canal filling

·         Barium carbonate is used in glass making

·         Barium, an alloy with nickel is used in spark plug wire

·         Barium oxide is used in a coating for the electrodes of fluorescent lamps, which facilitates the release of electrons

·         Because barite significantly blocks X-ray and gamma-ray emissions, it is used as aggregate in high-density concrete for radiation shielding around X-ray units in hospitals, nuclear power-plants, and university nuclear research facilities

·         Barium titan ate was proposed in 2007 to be used in next generation battery technology for electric cars

·         Barium nitrate and chlorate give green colors in fireworks

·         Barium sulfate mixture is used as white pigment for paints, it replaced white lead paint

·         Barium carbonate is a useful rat poison and can also be used for making bricks

·         Barite is used extensively in rubber production

·         High purity [barium nitrate] powder is reported to be a key component of new capacitor energy storage systems being developed by EEStor for use in electric vehicles

·         Barium peroxide can be used as a catalyst to start an aluminothermy reaction when welding rail tracks together, it can also be used in green tracer ammunition

·         Barium is used in brake lining, acoustic foams powder coating

·         Barium is a chemical element. It has the symbol Ba, and atomic number 56

·         Barium is a soft silvery metallic alkaline earth metal

·         Barium is never found in nature in its pure form due to its reactivity to air

·         The most common naturally occurring mineral is the very insoluble barium sulfate, BaSO4.

·         AMCARO Mineral Ltd mines barium sulfate, BaSO4

·         Industrial production of barium metal is the electrolysis of molten barium chloride

·         BaSO4 is reduced by graphite carbon to barium sulfate a blast furnace. This reacts with calcium chloride to form barium chloride, which is much easier to melt than barium sulfate

·         Lastly, electrolysis on molten BaCI2 to retrieve molten barium and chlorine gas

Market Analysis (Pie)

Target Market Segment Strategy

As the demand for Barite increases and the prices from Asia increase, now is the ideal time to begin exporting barite from Colombia.  There is no foreseeable decrease in the exploration of oil and gas, the primary use for barite. 

Industry Analysis

The last decade have shown price increase of barite, related directly to the cost of shipping from the east.

Competitive Edge

Our competitive edge is our location.

Exploration of Barite has increased more than 70% in the past 3 years.

China is the lead exporter of barite and for many years been the low-cost supplier in worlds markets (89% of exports)

Chinese prices have risen by 40% and other Asian exporters have risen similarly.

The factors that pushed up Chinese prices were high ocean freights, port congestion, problems with internal freight logistics, and high access costs to the Panama Canal if shipping to the Gulf of Mexico or Atlantic Ocean, and the lowering of the tax rebate on Barite exports