Large and medium Mining listed companies have iron ore reserves of more than 520 million tons.

On May 10th, Inner Mongolia Dazhong Mining Co., Ltd. (001203.SZ) was listed on the Shenzhen Stock Exchange, and the company officially landed in the A-share capital market.

The company successfully issued 218.94 million shares of IPO at an issue price of 8.98 yuan per share, raising a total of 1.966 billion yuan. The funds raised will be invested in the re-collection of iron ore mining and separation project, 1.5 million tons / year pellet project, Zhouyoufang iron mine annual output of 1.4 million tons of dry waste stone processing technical renovation project, re-collection of iron ore 1.85 million tons / year dry waste stone processing technical renovation project and supplementary working capital. After the completion of the fund-raising investment project, the company will further break through the existing capacity bottleneck, optimize the acquisition and selection system, and improve production efficiency.

Dazhong Mining is an independent iron ore producer. At present, its mines are mainly in Inner Mongolia and Anhui, with recorded iron ore reserves of more than 520 million tons. The Zhouyoufang Iron Mine and the re-collecting Iron Mine involved in the company's fund-raising projects are all located in Anhui Province, in the hinterland of the Yangtze River Delta, and many iron ore enterprises around the company have a large demand for iron ore. At present, in the company's two major mining bases in Inner Mongolia and Anhui, the proportion of the average grade of TFe not less than 28.87% is 80.04%, and the average grade of Xiegou Iron Mine is 37.49%.

Dazhong Mining's main business is iron ore mining, iron powder and pellet production and sales, but also a small amount of mechanism sand processing and sales business, the main products are iron powder and pellets. At present, the company has two major mining bases in Inner Mongolia and Anhui, with a total of 522.4528 million tons of iron ore reserves recorded by the land and resources management department.

In terms of output, Dazhong Mining will mine 5.2772 million tons of iron ore and produce 2.3613 million tons of iron concentrate in 2020. After the existing mine expansion project and Anhui re-collection iron ore is completed and reached production, the iron ore mining capacity will be expanded to about 15 million tons per year, with an annual output of about 5 million tons of fine iron powder. With the advantages of mining and separation technology and rich mineral resources accumulated for many years, the company has become a large-scale iron ore mining and dressing enterprise in China, and has been rated as one of the top 50 national green mining enterprises and China's top 50 metallurgical mining enterprises.