BEIJING, April 16, 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 Xingzhen Mining Co., Ltd. ("Xingzhen"), a subsidiary
of China Shen Zhou located in
Buerjin County, Xinjiang region, has resumed ore processing on
April 15th after its winter
break.
Xingzhen primarily engages in zinc and copper exploration,
mining and processing. Its processing plant was previously
suspended due to the severe winter weather, making its operation
uneconomical. However, Xingzhen's Keyinbulake Mine continued mining
during the time period when the processing plant was inactive, and
currently has 20,000 metric tons of zinc ore and copper ready for
processing.
Ms. Xiaojing Yu, CEO of
China Shen Zhou, commented,
"Xingzhen has overcome a few challenges in the past few years. Now
that our processing plant is back on online, we are ready to
resume production and improve operating efficiency. We will
continue to manage our resources in accordance with market dynamics
so as to add more value to the Company and our shareholders."
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.
Contact Information
Min
Liu
Investor Relations
Grayling
Tel:
+1-646-284-9413
min.liu@grayling.com
SOURCE China Shen Zhou Mining & Resources, Inc.