Check on China: China Shen Zhou Mining & Resources Inc.

China's warp-speed industrialization and huge manufacturing machine have created a voracious appetite for metals and mining commodities. The almost insatiable demand has driven the country to hunt for natural resources in almost every corner of the globe. China has a dominant presence in several resource-rich African countries, and it has also managed to secure access rights to significant reserves of mineral resources in Latin America and Southeast Asia. Chinese officials have also expanded bilateral scientific and research cooperation in the field of mining with countries such as Iran and Russia. And Chinese companies are eyeing investment opportunities in large mining concerns in Australia, Brazil and India.
 
But the resource-hungry nation is scouring not only the far reaches of the planet for mineral wealth. It is looking within its borders. As a world leader in reserves and production of several metals and minerals (it is the world’s largest producer of coal, gold, aluminum and copper), China has thus far only scratched its mineral surface. A study by London-based Business Monitor International suggests that increased exploration and mining of its substantial identified resources could potentially make up for the shortfall and provide China with resource security. The Ministry of Land and Resources is doing its part to make China's mining industry more competitive, and the industry is growing by leaps and bounds as metals and mining interests are geared up to tap the country's vast natural wealth.
 
One small player hoping to cash in on China's mining boom is China Shen Zhou Mining & Resources Inc. (AMEX:SHZ), an outfit engaged in the exploration, mining, processing and distribution of fluorite ore, copper, zinc, lead and other mineral products. The company operates mines in both the Inner Mongolia autonomous region and Xingjiang Uygur autonomous region, areas well-known for their high-grade reserves of copper, zinc, lead and fluorite. Its refined fluorite (ores and powder) is sold mainly to chemical companies that use the products in everything from flux — which is important in steel and aluminum production — to Hydrofluoric acid, a substance used, among other things, in the manufacture of pharmaceuticals, Teflon and . . .

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