Fushun Hanwang Xingzhou Mining Co., Ltd. is located in the east of radishkan village, Nianpan Township, Dongzhou District, Fushun City, Liaoning Province, near the north of Pingshan village. The administrative divisions are under the jurisdiction of Dongzhou District, Fushun City. It is the largest non coal mining enterprise in Fushun area with proven magnetite resources. At present, the resource reserves that have been proved and recorded in the Provincial Department of land and resources is 125 million tons. On April 15, 2017, Fushun Zongchuan Mining Development Co., Ltd. invested 360 million yuan to acquire 100% equity of the mine, becoming a wholly-owned subsidiary of the company, an independent accounting legal entity, mainly engaged in iron ore mining, processing and sales.

The mine has gone through a series of production procedures, such as the mining license, the ownership of the land right for the mine's capital construction, the approval of the temporary mining land, the environmental assessment, and the work safety license. At present, the production and operation activities are normal. The mining is an open-pit mining stage, which will be converted to underground mining one year later. There are two concentrators, with a total annual processing capacity of 1.5 million tons, which can produce more than 300000 tons of fine iron powder, and the whole mine has more than 300 employees. In order to improve the efficiency of the enterprise, it is planned to invest 350 million yuan in the construction of shaft and roadway engineering to serve the follow-up mine development. At present, the construction of ramp and ventilation shaft is under construction, and it is planned to complete the engineering construction in one year;the new concentrator project with an investment of 220 million yuan has entered the closing period, with a production scale of 5 million tons per year and can be put into production within one year. After the expansion, the annual output of iron powder will reach 1.5 million tons. According to the current market price of iron powder of 600 yuan / ton, the annual income will reach 870 million yuan and the profit will be 310 million yuan. At the same time, more than 300 jobs can be added, contributing to the regional economy.