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China Shen Zhou Subsidiary Xiangzhen Mining Announces it Will Resume Production in March

 

BEIJING, Feb. 29, 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 its wholly owned subsidiary, Xiangzhen Mining Group Co., Ltd ("Xiangzhen Mining"), based in Inner Mongolia, is on track to resume production on March 1st, 2012, following the Spring Festival break. Xiangzhen has one of the largest fluorite mine in mineral-rich northern China.

Ms. Xiaojing Yu, Chief Executive Officer of China Shen Zhou, commented, "Through its recent acquisition of a 60% ownership of three mining companies in Guizhou earlier this year, Xiangzhen has not only increased its fluorite resources and strengthened its leadership in fluorite industry, but also obtained the resources and technologies needed to enter the barite mining and processing industry and the fluorine chemical industry, which is a downstream sector from the fluorite mining and production industry. China Shen Zhou is collaborating with local governments and both upstream and downstream partners to build a high quality fluorite and barite mining processing chain as well as a barium salt processing center in China."

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.

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