25 Feb 2010director interest notice● Neutral
CHINA SHEN ZHOU MINING & RESOURCES, INC. director Jian Zhang gifted 10,000 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2010substantial holder notice● Neutral
MOUNTVIEW PATH LIMITED reported a CHINA SHEN ZHOU MINING & RESOURCES, INC. shareholding of 5,000,000 shares (18.40% of votes) in a periodic institutional filing.
25 Sept 2009material agreement▲ GoodMajor
The company agreed to sell its Kyrgyz subsidiary Tun Lin (owner of Kichi-Chaarat and the Kuru-Tegerek copper-gold mine, bought in Nov 2007 for US$10 million) to Fortune Pegasus International for US$8.2 million, plus assignment of a US$1,761,784.78 loan, closing scheduled Oct 31, 2009. It also agreed to repurchase the entire $28 million notes from Mountview Path Limited for US$8 million cash plus 5 million shares, closing scheduled Nov 30, 2009; Mountview waives the defaults, gives up accrued interest, and the pledge on Yu and Xu's shares is to be released. The company states the sale proceeds will fund the repurchase. This resolves the default and acceleration thread, subject to closing; it adds new share dilution of 5 million shares.
31 Aug 2009director interest notice● Neutral
CHINA SHEN ZHOU MINING & RESOURCES, INC. insider Best Tone Holdings LTD sold 29,231,444 shares.
31 Aug 2009substantial holder notice● Neutral
MOUNTVIEW PATH LIMITED disclosed a new substantial CHINA SHEN ZHOU MINING & RESOURCES, INC. shareholding (9.99% of votes).
31 Aug 2009substantial holder notice● Neutral
BEST TONE HOLDINGS LIMITED, CHINA MINING RESOURCES GROUP LIMITED reported no remaining CHINA SHEN ZHOU MINING & RESOURCES, INC. shareholding in its periodic institutional filing.
21 Aug 2009substantial holder notice● Neutral
BEST TONE HOLDINGS LIMITED, CHINA MINING RESOURCES GROUP LIMITED reported a CHINA SHEN ZHOU MINING & RESOURCES, INC. shareholding of 9.99% of votes in a periodic institutional filing.
18 Aug 2009director interest notice● Neutral
CHINA SHEN ZHOU MINING & RESOURCES, INC. CEO, President Xiaojing Yu gifted 100,000 shares.
18 Aug 2009substantial holder notice● Neutral
Xiaojing Yu, Xueming Xu reported a CHINA SHEN ZHOU MINING & RESOURCES, INC. shareholding of 15,073,600 shares (67.90% of votes) in a periodic institutional filing.
11 June 2009substantial holder notice● Neutral
BEST TONE HOLDINGS LIMITED, CHINA MINING RESOURCES GROUP LIMITED reported a CHINA SHEN ZHOU MINING & RESOURCES, INC. shareholding of 9.99% of votes in a periodic institutional filing.
1 June 2009director interest notice● Neutral
Jiusheng Zhang became a CHINA SHEN ZHOU MINING & RESOURCES, INC. Chief Financial Officer and company insider (initial ownership filing).
13 May 2009debt financing▼ BadMajor
On May 8, 2009 Best Tone sent a notice of acceleration, stating the EBITDA defaults were not cured within 14 days, so the $28 million notes plus any accrued interest are declared immediately due. The company says it is in discussions with Best Tone about remedying the default. This continues the April default notice and moves it from a threat to an actual demand.
22 Apr 2009debt financing▼ BadMajor
On April 16, 2009, Best Tone Holdings Limited, now the holder of the $28 million 6.75% Senior Convertible Notes originally issued to Citadel, sent a notice of default saying the company missed minimum EBITDA targets for the quarters ended March 31, June 30 and September 30, 2008. If not cured within 14 days, the notes' $28 million could be declared immediately due. This is the covenant risk flagged in the earlier Citadel note amendments, now being enforced.
17 Apr 2009director interest notice● Neutral
Best Tone Holdings LTD became a CHINA SHEN ZHOU MINING & RESOURCES, INC. company insider (initial ownership filing).
17 Apr 2009substantial holder notice● Neutral
BEST TONE HOLDINGS LIMITED, CHINA MINING RESOURCES GROUP LIMITED disclosed a new substantial CHINA SHEN ZHOU MINING & RESOURCES, INC. shareholding (9.99% of votes).
31 Mar 2009late filing notice▼ Bad
CHINA SHEN ZHOU MINING & RESOURCES, INC. notified the SEC that its annual report would be filed late.
17 Feb 2009substantial holder notice● Neutral
Xiaojing Yu, Xueming Xu reported a CHINA SHEN ZHOU MINING & RESOURCES, INC. shareholding of 14,973,600 shares (67.40% of votes) in a periodic institutional filing.
12 Feb 2009director interest notice● Neutral
CHINA SHEN ZHOU MINING & RESOURCES, INC. CEO, President Xiaojing Yu bought 53,500 shares on the open market.
15 Jan 2009director interest notice● Neutral
Qijiu Song became a CHINA SHEN ZHOU MINING & RESOURCES, INC. Vice President and company insider (initial ownership filing).
14 Jan 2009material agreement▲ Good
In January 2009 the company signed three fluorite ore supply contracts worth about RMB 11 million (US$1.6 million) for 16,000 tons, and a refined fluorite powder contract with Ningxia Jinhe Chemical Industry worth about RMB 48 million (US$7 million) for 40,000 tons, both covering January to December 2009. The attached press releases give the stock as listed on NYSE Alternext US (SHZ), which indicates the US listing sought under the Citadel notes was obtained (inference), and describe a Chairwoman and CEO, Jessica Yu.
6 Jan 2009auditor change● Neutral
On December 30, 2008 the company accepted the resignation of its auditor Grobstein, Horwath & Company, and on December 31 appointed Sherb & Co., LLP. The filing states there were no disagreements and no adverse or modified opinions in 2006 and 2007 or through December 30, 2008. This replaces the auditor engaged in February 2007.
10 Dec 2008director interest notice● Neutral
Xiaojing Yu became a CHINA SHEN ZHOU MINING & RESOURCES, INC. CEO, President and company insider (initial ownership filing).
8 Dec 2008director interest notice● Neutral
L P Citadel became a CHINA SHEN ZHOU MINING & RESOURCES, INC. company insider (initial ownership filing).
2 Apr 2008asset acquisition disposition● Neutral
This is Amendment No. 3 to the September 2006 filing on the American Federal Mining Group share exchange, filed to correct a description and clarify some accounting issues (the explanatory note is mislabelled as Amendment No. 2). The deal terms and risk factors repeated in the visible text are the same as before, and no new transaction is announced.
31 Mar 2008late filing notice▼ Bad
CHINA SHEN ZHOU MINING & RESOURCES, INC. notified the SEC that its annual report would be filed late.
14 Feb 2008substantial holder notice● Neutral
Citadel Investment Group, L.L.C, Citadel Limited Partnership, Kenneth Griffin, Citadel Equity Fund Ltd disclosed a new substantial CHINA SHEN ZHOU MINING & RESOURCES, INC. shareholding (9.90% of votes).
30 Jan 2008listing compliance notice▲ GoodMajor
the American Stock Exchange certified CHINA SHEN ZHOU MINING & RESOURCES, INC.'s securities for listing, clearing them to begin trading.
12 Dec 2007material agreement● NeutralMajor
On December 10, 2007 Xiangzhen Mining and majority stockholder Xiaojing Yu agreed to sell 100% of Tianzhen Mining (the Xinjiang copper and lead-zinc exploration business, held 99% and 1% respectively) to Dechang Wang for HK$22 million (about US$2.76 million). A further HK$10 million (about US$1.25 million) is payable only if a geological report shows at least 200,000 tons of copper, lead or zinc reserves under the Jiangejier permit. The sale reverses the earlier build-up of the Xinjiang assets, and the chairman is a party to it as the 1% holder.
6 Dec 2007substantial holder notice● Neutral
Xiaojing Yu, Xueming Xu disclosed a new substantial CHINA SHEN ZHOU MINING & RESOURCES, INC. shareholding (70.00% of votes).
6 Dec 2007substantial holder notice● Neutral
Xiaojing Yu, Xueming Xu disclosed a new substantial CHINA SHEN ZHOU MINING & RESOURCES, INC. shareholding (70.00% of votes).