Subsidiaries
China Shenzhou Mining & Resources Inc. was established and registered in Nevada on Oct. 05, 2006. The company is the holding company of American Federal Mining Group, Inc. ("AFMG") and its subsidiaries. American Federal Mining Group, Inc. (AFMG)American Federal Mining Group, INC. ("AFMG") is an American registered mining company incorporated in the City of Chicago, Illinois, USA on November 15, 2005. Currently it is a wholly owned subsidiary of China Shenzhou Mining & Resources Inc. Through its Subsidiaries, AFMG mines and processes several minerals including fluorite, copper, lead and zinc. Qianzhen Mining focuses on lead and zinc ore dressing and does not mine the minerals itself. Xiangzhen Mining focuses on fluorite mining and processing, owns a fluorite mine, known as the Sumochaganaobao Fluorite Mine and an ore dressing plant. Xingzhen Mining also focuses on copper and zinc mining and ore dressing. Inner Mongolia Qianzhen Mining Company Limited (Qianzhen Mining)
Qianzhen Mining began in 1982 when its predecessor, Inner Mongolia Dongsheng Temple Mining Plant ("Dongsheng Temple Mining"), located at the Dongsheng Temple in Bayannoer City, was established as a wholly£owned State enterprise. The principal activities of Dongsheng Temple Mining were the mining and processing of copper and zinc. In July 2002, Dongsheng Temple Mining was reorganized and registered as a private company under the name of Inner Mongolia Wulatehouqi Qianzhen Mining Company, Ltd., with registered capital of $291,666. In 2005, Qianzhen Mining invested approximately $750,000 for the technological modernization of the original processing production line to increase its yearly capacity to approximately 200,000 tons. Inner Mongolia Xiangzhen Mining Group Company Limited (Xiangzhen Mining)
Xiangzhen Mining owns one fluorite mine, the Sumochaganaobao Fluorite Mine located in the middle part of Inner Mongolia, near the border between China and Mongolia. Our mining license for the Sumochaganaobao Mine (License no. 1500000820156), issued by Wulanchabu City Department of Land and Resources will expire after March 2011. The new mining license was issued after paying for mining right when the mine is evaluated for its reserve grade and its mining right payment index by the qualified unit of mineral resource evaluation and confirmed by Inner Mongolia Bureau of Land and Resources. The Sumochaganaobao Fluorite Mine is approximately 300 kilometers northwest of Huhhot, and 120 kilometers southwest of Erlianhot. Huhhot is the capital city of Inner Mongolia, which is a port city on the border of China and Mongolia. There are highways between the mine area and these cities, which make transportation convenient. The climate in this area is typically continental with distinct seasons, with a lot of wind and little rain, with large temperature ranges between night and day, and a long winter (5 months) that is not suitable for mining exploration and production. The 102 Geological Team of the Inner Mongolia Autonomous Region spent 6 years completing the exploration work of the Sumochaganaobao Fluorite Mine, including surveying geological, topographic and hydro geological conditions, application of various detection methods applying boring and trenching methods, and undertaking experimental analyses and tests of sampling materials. In 1985, the 102 Geological Team submitted the "Report on Jade£like Mining Geological Conditions in Sumochaganaobao Fluorite Mine" with serial official number 5144. Subsequently the Inner Mongolia Geology Mining Bureau issued the Inner£land Approval Document No. 115 on October 23, 1987, which verified reserves in the Sumochaganaobao Fluorite Mine for 332+333 compound Class jade£like ore mining of 8.14 million tons with an average content for CaF2 of 53.86£¥ of which Class 332 is 57.58£¥, equal to 5.05 million tons and 3.09 million tons for Class 333 with grade 70.19£¥. The survey identified a mineral deposit in the Sumochaganaobao Fluorite Mine of large jade£like ore whose length is a total of 1,200 meters, and whose seam thickness varies from 0.45 meter to 22.48 meters with an average thickness of 5.55 meters. Types of ore in the mine are mainly quartzite£jade£like stones and carbonic acid rock of quartzite£jade£like and single£jade£like minerals. Its relatively complicated structure is of fine crystals and tape bars mainly with some other hornstone and crystalline and other minerals. The mining capacity of the Sumochaganaobao Fluorite Mine is currently 300,000 tons per year. The newly established ore concentrator has an annual treatment capacity of 200,000metric tons. The Xiangzhen Mining fluorspar mine has a proven reserve of 5.05 million tons. The data was provided by Siziwang Banner National Bureau of Land & Resources, and was verified and certified by China Chemical Geology & Mine General Administration of Inner Mongolia Geological Survey Institute dated January 12, 2006. Wulatehouqi Qingshan Nonferrous Metal Development Company Limited (Qingshan Nonferrous Metal)
Wulatehouqi Qingshan Non£ferrous Metal Development Company Limited ("Qingshan Nonferrous Metal") is located in Qingshan town of Wulatehou Banner in Inner Mongolia, geographic coordinates, east longitudinal 106¡ã45¡¯, north latitude 40¡ã58¡¯. The mine benefits from convenient transportation infrastructure and a good supply of power and water. In Qingxing Copper & Zinc Mine, there are two ore areas with five deposits which are the deposits Cu£2, Cu£3, Cu£4, Zn£1 and ZnS£1. One ore area includes the ore bodies of Cu£2, Cu£3, Cu£4 and another one Zn£1 and ZnS£1. The ore of the former occurs in char slate near the bottom part of the ore body. In Cu£2, it is controlled by the drilling holes of CK508 and Ck511, extending more than 350 meters, with thickness 2.0 to 6.4 meters, dip WN and angle 76¡ã. Its copper grade is 3.69£¥. In Cu£3, it is controlled by the drilling holes of CK504 and CK508, extending more than 500 meters, with thickness 3.1 to 8.9 meters, dip WN and angle 76¡ã. Its copper grade is 0.42£¥. In Cu£3, it is controlled by a single drilling hole of CK508, extending more than 260 meters, with an average thickness 17 meters, dip WN and angle 68¡ã. Its copper grade is 0.5£¥. In the ore body of the latter, Zn£1 is also controlled by two drilling holes with their incline control depth 170 meters and the average thickness 6 meters. Its copper grade is 5.02£¥, dip NW and angle 50¡ã. Its occurrence is stable, belonging to the stratoid ore body. In ZnS£1, the length of ore body is 105 meters with average thickness 6 meters, dip NW and angle 65¡ã~80¡ã. Qingshan Nonferrous Metal holds the extraction rights to Qingxing Copper & Zinc Mine (Mining Area No 2), which were estimated to be 1.81million tons of copper and zinc ore . It is as described above with deposits of galena, pyrite and chalcopyrite, and its current annual mining capacity is 65,000 metric tons, and one processing plant with the annual treatment capacity of 50,000 metric tons of zinc and copper ores by flotation technology and process to produce copper and zinc concentrates. Qingshan Nonferrous Metal owns mining license No.1500000820421 issued by Inner Mongolia Bureau of Land and Resources and Bayannoer City Department of Land and Resources, which expires in September 2011. The abovementioned detum are based on the Economic Analysis on Technology of Development and Utilization for Qingxin Copper Mine of Wulatehou Banner in Inner Mongolia supplied by Northwest Research Institute of Mining & Metallurgy. Xinjiang Xingzhen Mining Co. Ltd (Xingzhen Mining)
Xingzhen Mining operates Keyinbulake Multi£Metal Mine which is located in Buerjin county, Aletai zone, Xinjiang Uygur Autonomous Region. The geographic coordinate of the mine is east longitude 87º17¡¯30" £ 87º9¡¯30", north latitude 47º58¡¯30" £ 47º59¡¯45". The center coordinate is east longitude 87º18¡¯30", north latitude 47º59¡¯15", and the area is 3.59 square kilometers. The mine has nine sulphide mineralization belts which are divided into a north part and a south part, of which the north part includes five ore belts and in the south four ore belts, with the length from 140 meters to 1000 meters, width 4 to 15 meters. Their grades are Cu=0.02£1.33x0.01, Pb=0.12x0.01, Zn=6.87x0.01 and Ag=8.83x0.000001. The mother rock of foot wall in the mineralization belts is mainly biotite quartz with grey quartz schist in some area. The corrosion of the mother wall is mainly calcified and the left are chlorite and epidote, etc. From previous exploration work, the indicated resources are: copper£zinc ore 603,500 metric tons. The company is applied to Xinjiang Bureau of Land and Resources for a mining license of this mine, and with the validated period from August 2007 to August 2013.
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