Huaibei Xulou Mining Co., Ltd. was established in October 2005. The mining area is located in Suixi County, Huaibei City, Anhui Province. The registered capital is 80 million yuan, and the current total assets are 630 million yuan. The company owns three independent iron ore deposits (Shilou, Shuangzhuang, and Shixiaolou). The type of mineral resources is magnetite. The reserves of iron ore are more than 24 million tons, with an average grade of TFe44.24%. The designed production capacity is 950,000 tons/year for mining, 1.5 million tons/year for mineral processing, and 510,000 tons/year of iron concentrate.

The company obtained the safety production license on April 24, 2022, and is currently undergoing 1.3 million tons/year expansion and transformation. After the transformation is completed, it can produce 690,000 tons of iron concentrate powder annually.