Zibo Linzi Hongda Mining Co., Ltd. is the first private mining enterprise in Zibo City. The mining area is located in Xianchuang District, Zibo City, Shandong Province, with a registered capital of 100 million yuan. With iron ore mining and processing as its main business, it is equipped with an ore dressing system of 1 million tons per year and an ore belt transportation system of 2 million tons per year.

In 2022, the company will have total assets of 1.206 billion yuan, produce 630,000 tons of iron concentrate, transport 2.2 million tons of ore, realize operating income of 682 million yuan, and net profit of 177 million yuan.

The company has accelerated the pace of intelligent mine construction, achieved reduction in staff and increased efficiency, improved production efficiency, and reduced the probability of disasters and accidents. At present, it is cooperating with Mining and Metallurgy Technology Group Co., Ltd. to implement the automation plan of belt transportation and mineral processing. At that time, it will be unattended, reduce production costs, improve anti-risk capabilities, and greatly increase economic benefits.