Xinyi Among The First Domestic Fluorite Companies Approved For Standard Production Line
BEIJING, July 9, 2012 /PRNewswire-Asia-FirstCall/ -- China Shen Zhou Mining & Resources, Inc. (" China Shen Zhou" or the "Company") (NYSE AMEX: SHZ), a Company engaged in the exploration, development, mining and processing of fluorite, barite, zinc, copper, and other nonferrous metals in China, today announced that the Company's subsidiary, Xinyi Fluorite Company, Ltd. ("Xinyi") was selected among the first group of fluorite companies whose production lines met the government standards.
Based in Jingde County, Anhui Province, Xinyi's production line was one of the ten production lines meeting standards established by Ministry of Industry and Information Technology (MIIT) of the P. R. China. China Shen Zhou and its fluorite related subsidiaries will fully cooperate with relevant government agencies for future inspections.
Ms. Xiaojing Yu, Chairwoman and Chief Executive Officer of China Shen Zhou, commented, "Fluorite's importance as a key industrial raw material has been recognized by the highest government authorities in China including the State Council. MITT began its public inspection of fluorite companies early this year. We welcome the government's initiatives in consolidating the industry and we are confident that our subsidiaries will pass future inspections. With increasingly higher barrier of entry, we are well positioned to lead the fluorite industry and capitalize on future growth opportunities."
About China Shen Zhou Mining & Resources, Inc.China Shen Zhou Mining & Resources, Inc., through its subsidiaries, is engaged in the exploration, development, mining, and processing of fluorite, barite and nonferrous metals such as zinc, lead and copper in China. The Company has the following principal areas of interest in China: (a)fluorite extraction and processing in the Sumochaganaobao region of Inner Mongolia; (b) fluorite and barite extraction and processing in the Wuchuan County of Guizhou province (c) fluorite and barite extraction and processing in the Yanhe County of Guizhou province; (d)fluorite extraction and processing in Jingde County, Anhui Province; (e) zinc/copper/lead processing in Wulatehouqi of Inner Mongolia; and (f) zinc/copper exploration, mining and processing in Xinjiang. For more information, please visit http://www.chinaszmg.com/. Safe Harbor Statement
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