China Shen Zhou Mining & Resources, Inc. Provides Production Update
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 that the Company resumed production at its fluorite processing plant at its Xiangzhen Mining Plant, located in Inner Mongolia, and at Xingzhen Mining, located in Xinjiang Vygur Autonomous Region.
Along with the rise in the price of nonferrous metals, Xingzhen Mining restarted its ore dressing plant and began to produce qualified concentrates on June 5, 2009. According to an assay, the concentrates have zinc grade of 51% and copper grade of 24%, with metal recovery rates of over 92% for zinc and 68% for copper. Xingzhen Mining had stopped its production in September 2008 due to the decrease in the prices of nonferrous metals in the market.
- Published: 10 June 2009
- Written by Editor