This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

China Shen Zhou Subsidiary Wuchuan Forms Strategic Partnership With Leading Domestic Chemical Producer

BEIJING, July 25, 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, Wuchuan Dongsheng Mining Company Ltd. ("Wuchuan Mining"), has formed a strategic partnership to supply processed fluorite powder to Ningxia Jinhe Chemical Co., Ltd. ("Ningxia Jinhe").  Wuchuan Mining will supply Ningxia Jinhe with no less than 30,000 tons of processed fluorite powder annually.

Ningxia Jinhe is one of the largest dry process manufacturers of aluminum fluoride (AlF3) and Anhydrous Hydrogen Fluoride (AHF) in China with an annual production capacity of 110,000 tons of aluminum fluoride and 24,000 tons of AHF. Ningxia Jinhe's high-quality aluminum fluoride products meet international standards. 

Based in Zunyi City, Guizhou Province, Wuchuan Mining is the largest fluorite mining processing company in Southeast China. Within the mine in Zunyi, there are also byproduct deposits of barite. China Shen Zhou acquired 60% of the equity interests of Wuchuan Dongsheng Mining in January 2012.

Ms. Xiaojing Yu, Chairperson and Chief Executive Officer of China Shen Zhou, commented, "We are pleased with this strategic new business win for our Wuchuan subsidiary.  Ningxia Jinhe's aluminum fluoride products have an excellent reputation in China for high quality.  Securing such a reputable customer like Jinhe will provide an ongoing stable supply channel for Wuchuan's fluorite products and pave the way for further development of its barite resources.  Our long term plan is to expand Wuchuan's capabilities in the highly profitable barite market, capitalizing on proprietary processes already developed.  As we continue to work with more downstream fluoride manufacturers, we will establish Wuchuan as the largest fluorite-barite deep processing center."

Barium sulfate precipitate is a nearly 100% pure barium sulfate product resulting from a barite separation and purification process.  Barium sulfate precipitate is widely used in many applications including paints and coatings, plastics, rubber, fiber, and ink among others.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs