The company said it views the acquisition and integration of high-quality fluorite resources as a key part of its strategic plan.
China Shen Zhou CEO Xiaojing Yu said the company believes that fluorite, as a widely used yet scarce strategic resource, will be in high demand given continuing economic development in China.
"Furthermore, China Shen Zhou plans to work with local governments as well as both upstream and downstream enterprises to build a high-quality processing center and chemical industrial base to produce low-phosphorus and low-sulfur fluorite," Yu said.
China Shen Zhou is engaged in the exploration, development, mining and processing of fluorite and nonferrous metals such as zinc, lead and copper in China.
