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    China Shen Zhou Mining & Resources, Inc. Provides Fluorite Production Update

  • China Aluminium Network
  • Post Time: 2008/9/18
  • Click Amount: 665

    China Shen Zhou Mining & Resources, Inc., a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that production has increased at its fluorite processing plant at its Xiangzhen Mining Plant, located in Inner Mongolia.


    The current processing capacity is approximately 500 tons per day. The average grade for refined fluorite powder is above 96%, and the recovery ratio is approximately 70%. Up to now, the Company has begun shipping some of its qualified refined fluorite powder from the Xiangzhen Plant to its clients in Ning Xia Hui Nationality Autonomous Region, west of China.


    Ms. Jessica Yu, the Company's Chairwoman and CEO, stated, ''We are very encouraged with the refined fluorite powder production results and believe the steady increase will continue for the remainder of this year. We are committed to protecting, developing and utilizing our abundant and valuable fluorite resources in the north of China.''


    About China Shen Zhou Mining & Resources, Inc.


    China Shen Zhou Mining & Resources, Inc., through its subsidiary, American Federal Mining Group ("AFMG"), is engaged in the exploration, development, mining, and processing of fluorite 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) zinc/copper/lead exploration, mining and processing in Wulatehouqi of Inner Mongolia; and (c) zinc/copper exploration, mining and processing in Xinjiang. In addition, AFMG owns 100% of Kichi-Chaarat Closed Joint Stock Company, whose major assets include a copper-gold mine located in the Kuru-Tegerek region of western Kyrgyzstan.

    Source: China Shen Zhou Mining & Resources, Inc
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