China Shen Zhou Mining & Resources, Inc. (SHZ) to Acquire Fluorite-Barite Mining Mineral Processing Companies
China Shen Zhou Mining & Resources announced Monday the signing of a Memorandum of Understanding calling for the merger and acquisition of several fluorite and barite mining and processing companies in the Guizhou province of south central China. China Shen Zhou, the biggest mining and mineral processing company in northern china, considers the acquisition and integration of high-quality fluorite resources as a major part of their growth strategy, which falls in line with the Chinese government’s encouragement of the merger and integration of fluorite mining. China has recently increased the barriers to the entry of new players in the fluorite…