BEIJING, Oct. 25 /PRNewswire-Asia-FirstCall/ -- China Shen Zhou Mining & Resources, Inc. (NYSE Amex: SHZ) ("China Shen Zhou", or the "Company"), a leading Company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced Shen Zhou Mining Subsidiary entrusted to establish China Northwest Liaison Office of the Fluorite Industry .
Shen Zhou Mining Subsidiary Entrusted to Establish China Northwest Liaison Office of the Fluorite Industry:
China Shen Zhou Mining & Resources, Inc. ("China Shen Zhou", or the "Company"), 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 Xiang Zhen Mining Group, a subsidiary of the Company in Northern China, was entrusted as the organizer to establish China Northwest Liaison Office of the Fluorite Industry for China Non-metallic Minerals Industry Association Fluorite Committee.("CNMIAFC"). To promote the rational exploration and healthy development of the fluorite industry, six Liaison Offices will be established in China.
On October 21, 2010, the preparatory conference of China Northwest Liaison Office of Fluorite Industry was held in Hohhot, Inner Mongolia, which was organized by Xiang Zhen Mining Group. The conference was focused on how to rationalize the up stream and down stream fluorite industry and to promote the rational exploration of the fluorite resources in Northwest China. Due to its influence in the fluorite industry, Xiang Zhen Ming Group was entrusted to establish China Northwest Liaison Office of the Fluorite Industry. The conference unanimously decided to take measures to promote the consolidation of the fluorite industry in Northwestern China.
More than 10 enterprises from the fluorite industry in Northwest China attended the conference, and Ms. Yu, CEO of the Company participated in the conference. Ms. Yu stated, "We are pleased that Xiang Zhen Mining Group was entrusted to establish the Northwest Liaison Office by China Fluorite Professional Committee and fellow enterprises of the fluorite industry in the Northwest China. We sincerely hope China Northwest Liaison Office of the Fluorite Industry would bring the Company new opportunities and play an important role in the consolidation of the fluorite industry." As the parent company of Xiang Zhen Mining Group, the value of China Shen Zhou will be enhanced significantly.
China Non-metallic Minerals Industry Association Fluorite Committee is one of the fifteen member committees of China Non-metallic Minerals Industry Association. It was established in 1995, and now has 120 members including a majority of fluorite mining enterprises, the important downstream enterprises and academic and research institutions. Our subsidiary Xiang Zhan mining Group is an executive member of the council of China Non-metallic Minerals Industry Association Fluorite Committee
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.
For more information, please visit http://www.chinaszmg.com/
Safe Harbor Statement
Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in the People's Republic of China, variations in cash flow, fluctuation in mineral prices, risks associated with exploration and mining operations, and the potential of securing additional mineral resources, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
For more information, please contact:
Office of the Board of Directors
China Shen Zhou Mining & Resources, Inc.
In the U.S.:
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SOURCE China Shen Zhou Mining & Resources, Inc.