China Shen Zhou Mining Establishes Regional Sales Center in Guizhou
Published on Wednesday, 11 July 2012 09:16 Written by TradersHuddle Staff
BEIJING, July 11, 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 it has established a regional sales center in Guiyang, the capital city of Guizhou Province. This new sales center will service the Company's three nearby subsidiaries - Wuchuan Dongsheng Mining Co., Ltd. ("Dongsheng"), Yanhe Tujiazu Autonomous County Meilan Mining Co., Ltd. ("Meilan"), and Guizhou Qianshi Resources Development Co., Ltd. ("Qianshi").
To advance resource-sharing among its subsidiaries and strengthen regional sales, China Shen Zhou recently developed this sales center in Guiyang. Dongsheng, Meilan, and Qianshi are all located in the Wuling Mountain Area of Guizhou, which is rich in both fluorite and barite resources.
Ms. Xiaojing Yu, Chairwoman and Chief Executive Officer of China Shen Zhou, commented, "Establishment of the regional sales center in Guiyang is an important initiative to help better utilize and share resources, streamline operations, and further develop business in the Guizhou region. In the past, technical difficulties in the separation of fluorite and barite ores caused a great deal of inefficiency in resource development. With our recent progress in separation and purification techniques, we expect to consolidate resources of these three subsidiaries, create better fluorite products and extend our product offerings into the higher-valued barite industry chain."
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
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will", "believes", "expects" or similar expressions. These forward-looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov.
SOURCE China Shen Zhou Mining & Resources, Inc.
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