China Shen Zhou Mining & Resources Inc. - 500 Beiträge pro Seite

[ZenoCyprus]

China Shen Zhou Mining (SHZ) Establishes Regional Sales Center in Guizhou
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/.

[ZenoCyprus]

China Shen Zhou Mining & Resources Inc. : China Shen Zhou Redeems Preferred Stock

09-11-2012

BEIJING, Nov. 09, 2012 /PRNewswire-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 has successfully entered into agreements with a group of institutional investors to redeem, and fulfill its dividend obligations with respect to 1,332 shares of Convertible Preferred Stock using $398,519.46 in cash, $391,764.48 of which will be used to redeem the Convertible Preferred Stock.

On March 26, 2012, the Company completed an offering of Series A Convertible Preferred Stock for gross proceeds of $5.0 million. The Company issued 5,000 shares of Series A Convertible Preferred Stock and warrants to purchase 1,960,785 shares of common stock of the Company at $2.05. The proceeds were used for the completion of the acquisition of several fluorite mines and processing plants as well as necessary infrastructure upgrades.

Per the terms of the Series A Convertible Preferred Stock, the Preferred Stock's conversion price is subject to adjustment according to market price. The Company believes that the redemption with cash will disable the conversion of these shares of Preferred Stock to common stock and reduce dilution to other common stock shareholders.

Despite the current economic climate adversely affecting many resource companies in China whose important customers are steel and aluminum producers, the Company is making its best efforts to grow business, optimize cash flow and improve shareholder value.

Regarding the prior announcement of the Company from November 7th, the Company remains confident that it can provide the NYSE MKT LLC (the "Exchange") with a satisfactory plan by November 30, and regain its compliance within the timeframe set forth by the Exchange.
Source: 4Traders.com