SUBSIDIARIES
Xuancheng Quanxin Mining Co., Ltd locates in the eastern suburbs of Xuancheng City Anhui Province, about 18 kilometers far away from the urban area. It was restructured from a state-owned mine in October of 2002.
With 8 million Yuan registered capitals and 258 million Yuan assets, the company now has 160 employees including 46 professionals. Its main products are copper concentrate and molybdenum concentrate with byproducts of sulfur concentrate, iron ore concentrate and tungsten concentrate.
In recent years, under the instructions and supports of the group and local government, the company adheres to the business ideas of “People-oriented, Strengthen management, Pioneering and innovative , and Sustained development”. Based on the people-oriented management, the company devotes to strengthening the management of production safety and meantime increasing the investment in production safety. The company successively invested 13 million Yuan on tunneling, 8 million Yuan on constructing the second-phase project of tailing reservoir and 25 million Yuan on developing eastern ore belt and molybdenum minerals. In 2007, the company put more than 10 million Yuan on the technology reformation, which made the capacity of mining and dressing newly increased 150t/d. Till now, the capacity of mining and dressing reaches 500t/d and annually 150 thousand tons. The newly added Tailings Redressing Process in 2011 has further improved the level of comprehensive utilization of metal resources. In order to adapt to the development of enterprises, the company is currently carrying on the work of technical transformation and capacity expansion. It’s estimated that after the completion the capacity of mining and dressing will reach 300,000 tons per annum.
In 2017, the company completed gross industrial output value of 52.35 million Yuan and paid tax of 8.1 million Yuan. Since its establishment, the company has been in good order of production and operation, and has paid nearly 100 million Yuan of various taxes.
It has achieved good economic and social benefits, and has been appraised as “Tax-paying Star Enterprise of Xuanzhou District” and “Grade A Tax-paying Credit Enterprise of Anhui Province” for successive years.
