InvestorsHub Logo
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
softballdaddy Free
06/09/14 4:48 PM
profile icon
softballdaddy Free
04/09/14 11:09 AM
profile icon
beach_trades Free
03/09/14 6:41 PM
profile icon
Tounces Free
03/09/14 6:30 PM
profile icon
beach_trades Free
03/06/14 1:41 AM
profile icon
MjLee2000 Free
11/06/13 8:08 PM
profile icon
FJE132 Free
10/29/13 12:13 PM
profile icon
Penny Roger$ Free
08/21/13 4:28 PM
profile icon
gugamo3 Free
07/25/13 10:33 AM
profile icon
MjLee2000 Free
07/16/13 5:47 PM
profile icon
grawsha Free
06/24/13 8:52 AM
profile icon
FJE132 Free
06/19/13 2:36 PM
profile icon
gugamo3 Free
05/31/13 12:05 PM
profile icon
Renee PremiumMember
05/28/13 4:22 PM
profile icon
trder1 Free
05/28/13 3:26 PM
profile icon
gugamo3 Free
05/28/13 12:56 PM
profile icon
gugamo3 Free
05/26/13 8:30 PM
profile icon
explorerdave Free
05/23/13 11:06 AM
profile icon
trder1 Free
05/22/13 5:04 PM
profile icon
D E Free
05/21/13 8:17 PM
profile icon
trder1 Free
05/21/13 12:27 PM
profile icon
sdv57 Free
05/21/13 12:18 PM
profile icon
trder1 Free
05/20/13 4:08 PM
profile icon
trder1 Free
05/20/13 3:31 PM
profile icon
D E Free
05/19/13 8:21 PM
profile icon
D E Free
05/19/13 8:20 PM
profile icon
D E Free
05/19/13 8:19 PM
profile icon
D E Free
05/19/13 8:19 PM
profile icon
willlbone Free
05/17/13 1:51 PM
profile icon
willlbone Free
05/17/13 1:26 PM
profile icon
willlbone Free
05/17/13 12:19 PM
profile icon
stonsetr Free
02/19/13 9:38 PM
profile icon
Celtictrader Free
12/20/12 2:15 PM
profile icon
golong22 Free
12/16/12 10:34 AM
profile icon
SPM555 Free
12/15/12 3:36 PM
profile icon
BottomBounce Free
12/06/12 8:03 AM
profile icon
Foe Free
11/29/12 2:49 PM
profile icon
$tockfather Free
11/28/12 5:46 PM
profile icon
sleepingGiants Free
11/28/12 5:15 PM
profile icon
$tockfather Free
11/28/12 4:43 PM
profile icon
sleepingGiants Free
11/28/12 2:37 PM

China Shen Zhou Mining and Resources, Inc. (fka CSHZ) RSS Feed

Followers
10
Posters
80
Posts (Today)
0
Posts (Total)
259
Created
06/17/09
Type
Free
Moderators


China Shen Zhou Mining & Resources, Inc. SHZ is engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in the People's Republic of China. The Company's business is conducted through its China-based subsidiaries. It operates mines in the Inner Mongolia Autonomous Region, Xinjiang Uygur Autonomous Region and the Anhui Province. (Qianzhen Mining). The Company extracts and processes fluorite ores or fluorspar in northern Inner Mongolia. The Company extracts and process zinc, copper and leads ores in the central part of Inner Mongolia and the northeastern part of the Xinjiang Uygur Autonomous Region. The Company's wholly owned subsidiaries include American Federal Mining Group, Inc. (AFMG), Inner Mongolia Xiangzhen Mining Group Co., Ltd. (Xiangzhen Mining) and Inner Mongolia Wulatehouqi Qianzhen Ore Processing Co., Ltd.


        
Revenue 28.59m            
Net income     -3.32m            
Incorporated    2006
Employees 317    
Average volume    380.25k
Shares outstanding    39.32m
Free float    20.52m
Market cap    9.44m
EPS     -0.0932    
Short % of float 3.1%
Tangible book value per share    $1.34



Income statement
Year on year China Shen Zhou Mining & Resources Inc grew revenues 163.10% from 11.61m to 30.55m while net income improved from a loss of 3.29m to a gain of 346.00k

Growth rates
Year on year, growth in earnings per share excluding extraordinary items increased 112.50%. Additionally, five year annualized earnings per share growth is in-line with the industry average relative to its peers.

Cash flow
In 2011, China Shen Zhou Mining & Resources Inc increased its cash reserves by 260.45%, or 4.02m. Cash Flow from Financing totalled 18.57m or 60.78% of revenues. In addition the company used 4.02m for operations while cash used for investing totalled 11.03m

SEC FILINGS
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=0000790024&filenum=&State=&SIC=&owner=include&action=getcompany


ACQUISITION

 On January 16, 2012, the Company through its subsidiary Xiangzhen Mining entered into an equity transfer and capital increase agreement (the "Wuchuan Agreement") to acquire 60% of the equity interests of Dongsheng Mining.

 

Pursuant to the Wuchuan Agreement, the Company acquired the equity from the two shareholders of Dongsheng Mining (Gang Liu, a Chinese citizen, and Qiang Liu, a Chinese citizen) for total consideration in the form of 2,418,448 shares of the Company's common stock and approximately US$7,897,000 in cash.


 Xiangzhen Mining

  In November 2007, Xiangzhen Mining finished construction of a mining project with a capacity of 300,000 metric tons and a processing plant with a capacity of 200,000 metric tons. Xiangzhen Mining owns 100% of the fluorite mining rights of Inner Mongolia Sumochaganaobao.

 
In 2011, Xiangzhen Mining extracted approximately 190,000 metric tons of fluorite ore, produced 41,000 metric tons of fluorite lumps and sold 49,000 metric tons of fluorite lumps with total sales of approximately US$ 6.38 million, accounting for approximately 25% of the revenues of our fluorite business. Xiangzhen Mining also produced 56,000 metric tons of fluorite powder and sold 49,000 metric tons of fluorite powder for approximately US$ 16.03 million, which accounted for approximately 63% of the revenues of our fluorite business.  

 
]Xinyi Fluorite

   On January 13, 2011, the Company through its subsidiary Xingzhen Mining acquired 55% of the equity interests of Xinyi Fluorite. Xinyi Fluorite owns 100% of one processing plant with a processing capacity of 60,000 metric tons of fluorite ore per year and the mining rights of the Guangrong Mine and the Qingzhen Fluorite Xinyi Mine No. 1.

 

After the acquisition, the Company performed certain renovations and Xinyi Mine No. 1 resumed production on February 10, 2011. The processing plant resumed its production on March 26, 2011.

 

On February 7, 2012, the Company through its subsidiary Xiangzhen Mining purchased a 60% equity interest in Qianshi Resources, from Qianshi Resources' two shareholders (Gang Liu and Guojian Zhou, a Chinese citizen) for total consideration in the form of 337,457 shares of the Company's common stock. On February 7, 2012, the Company through its subsidiary Xiangzhen Mining also purchased a 60% equity interest in Meilan Mining, from Meilan Mining's shareholder (Gang Liu) for total consideration in the form of 506,186 shares of the Company's common stock.


Plans for extraction and processing fluorite in 2012

 
In 2012, Xiangzhen Mining plans to be in normal production. We plan to extract 150,000 metric tons of fluorite ore, produce 40,000 metric tons of fluorite powder, and produce 60,000 metric tons of fluorite lumps. We plan to sell 40,000 metric tons of fluorite powder and 60,000 metric tons of fluorite lumps.

 

In 2012, Xinyi Fluorite plans to be in normal production. We plan to extract 60,000 metric tons of fluorite ore produce 25,000 metric tons of fluorite powder, and produce 10,000 metric tons of fluorite lumps. We plan to sell 25,000 metric tons of fluorite powder and 10,000 metric tons of fluorite lumps.

 
We also plan to do the following work in 2012

 
Ensure and stabilized our current production, extract and process to capacity and carry-out our current plans.

 
According to changes in the prices of fluorite powder and fluorite lumps, adjust the proportion of fluorite powder and fluorite lumps in our product structure to ensure the highest profit.

 

We will still strive to leverage our position as one of the leaders in the industry to acquire additional appropriate fluorite reserves.

 

Acquire advanced fluorine chemical technology and develop and construct down stream products using fluorite as a raw material.

 

Dongsheng Mining

 
On January 16, 2012, the Company through its subsidiary Xiangzhen Mining, entered into an equity transfer and capital increase agreement to acquire 60% of the equity interests of Dongsheng Mining. Dongsheng Mining is a limited liability company legally incorporated on December 13, 1999 and validly existing in Wuchuan Yilao & Miao Autonomous County, Zunyi City, Guizhou Province in the PRC . Dongsheng Mining has a registered capital of RMB 2,000,000 with its business mainly in extraction and processing of fluorite ore and barite ore . Currently, it owns 100% of the mining rights of Shuanghe Fluorite Mine, Fenshui Qingshuzi Barite and Fluorite Mine, Baicun Fluorite Mine, Luping Fluorite Mine and Shibuya Barite and Fluorite Mine, and it also owns Douru Town Fluorite Flotation Plant and the Fenshui Town Fluorite and Barite Flotation Plant, and a 30% equity interest in Wuchuan Chenhe Dongsheng Fluoride Industry Co., Ltd. in Wuchuan Yilao & Miao Autonomous County, Zunyi City, Guizhou Province in the PRC.

 

Meilan Mining

 On February 7, 2012, the Company through its subsidiary Xiangzhen Mining purchased a 60% equity interest in Meilan Mining. Meilan Mining is a PRC limited liability company legally incorporated on November 20, 2007 and validly existing in Yanhe Tujiazu Autonomous County, Tongren City, Guizhou Province in the PRC. Meilan Mining has a registered capital of RMB 1,334,000 and its primary business is the extraction of fluorite ore and barite ore . Currently, Meilan Mining owns 100% of the mining rights to the fluorite ores in Fengshuiling, Banchang Town, Yanhe Tujiazu Autonomous County, Tongren City, Guizhou Province in the PRC.

 
Qianshi Resources


 On February 7, 2012, the Company through its subsidiary Xiangzhen Mining purchased a 60% equity interest in Qianshi Resources. Qianshi Resources is a PRC limited liability company legally incorporated on April 30, 2005 and validly existing in Yanhe Tujiazu Autonomous County, Tongren City, Guizhou Province in the PRC. Qianshi Resources has a registered capital of RMB 1,000,000 and its primary business is the extraction and processing of fluorite ore and barite ore . Currently, Qianshi Resources owns 100% of the mining rights of Jingliang Fluorite Mine, and the Fluorite Flotation Plant in the Huangtu Town, Yanhe Tujiazu Autonomous County, Tongren City, Guizhou Province in the PRC.

 

Xingzhen Mining

 
In July 2006, Xingzhen Mining started to build a 200,000 metric tons/year zinc-copper ore mining and processing project at Keyinbulake Multi-Metal Mine in Buerjin County, Aletai Region, Xinjiang Uygur Autonomous Region.

 

On April 28, 2008, Xingzhen Mining completed a successful test of its facilities and subsequently started production. In parallel with processing, Xingzhen Mining continued exploration in the area.

 

In 2011, Xingzhen produced zinc concentrates and copper concentrates equivalent to 2,639 metric tons of zinc metal and 214 metric tons of copper metal as compared to 3,129 and 155 metric tons in 2010, respectively, and sold zinc concentrates and copper concentrates equivalent to 2,761 metric tons of zinc metal and 254 metric tons of copper metal, as compared to 2,538 and 115 metal tons in 2010, respectively, accounting for approximately 63% and 37%, respectively, of the total revenues of our nonferrous business of approximately $4.98 million as compared to 79%, 21% and $3.60 million in 2010, respectively.

 

We started production at the end of April 2012. We did not stop excavating in 2011. We plan to extract ores of 130,000 metric tons, process ores of 130,000 metric tons, and produce approximately 5,000 metal tons of zinc concentrate and approximately 470 metal tons of copper concentrate.



Ms. Xiaojing Yu, Chairperson and Chief Executive Officer of China Shen Zhou commented, "Despite the challenges we faced during the second quarter, Shen Zhou Mining is still backed by high quality fluorspar asset with its highly strategic value and broad downstream applications. We believe our stock is deeply undervalued.Meanwhile, the Chinese government's support of fluorite as a key industrial raw material continues to raise industry barriers of entry. Our large fluorite deposits, established marketing channels and strategic partnerships with downstream fluoride manufacturers position us well to lead the Chinese fluorite industry and capture future opportunities."
















IBOX created by $tockfather
Board Info
Posts Today
0
Posts (Total)
259
Posters
80
Moderators
New Post