Xinyi Received Favorable Local Tax Rates

China Shen Zhou Mining & Resources Inc.(AMEX:SHZ) reports that the Jingde county government has approved Xinyi Fluorite Company’s application to obtain favorable tax rates for the next five years.

The press release is quoted as saying:

China Shen Zhou Mining & Resources, Inc., through its subsidiaries, is engaged in the exploration, development, mining, and processing of fluorite and nonferrous metals such as zinc, lead and copper in China.

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