China Gengsheng Minerals, Inc. (CHGS) Earns $4.2 Follow-On Fracture Proppants Contract with AMSAT International
China Gengsheng Minerals, Inc., a developer, manufacturer, and retailer of a range of mineral-based heat-resistant products for various industrial applications, announced that it has earned a $4.2 million follow-on fracture proppants supply contract from AMSAT International, a technology company based in Florida that specializes in advanced ceramics. The company will initiate the shipping of fracture proppants with this new contract in July of 2011, and expects to supply approximately 1,500 metric tons a month through December of 2011. "This represents our fourth supply contract with AMSAT, and we are proud that they continue to recognize GengSheng as a long-term, value-added…