Weifang Wanbao Mining Co., Ltd. was established in December 2007, with a registered capital of 20 million yuan and an area of 0.1996km? A total of 6.166 million tons of iron ore have been identified, and the designed mining and beneficiation production capacity is 600 thousand tons. The mining workshop has complete mining lifting main shaft, auxiliary shaft and ventilation shaft and other engineering facilities, and the beneficiation workshop has advanced jaw breaking, hammer breaking, ball grinding, magnetic separation, pressure filtration and other large processing equipment.

　　Over the years, the company has been adhering to the hard work, pioneering innovation, harmonious creation of wealth, enterprise, employees, social coordinated development of the values, active performance of social responsibilities. Adhere to the concept of "safety first, environmental protection priority" and "to gold and silver mountains, but also to clear water and green mountains", will be safety and environmental protection as the lifeline of the survival and development of enterprises. In October 2020, it was successfully included in the provincial green mine list.

　　Continuous innovation of science and technology and digital mine construction, relying on mine safety of six big system, monitoring system, personnel positioning system, emergency actions system, communication system, pressure wind self-help system, rescue system of water supply, the investment of more than 100 ten thousand yuan, to build an automated central control platform, the automatic control system, remote monitoring and control system, all kinds of monitoring system of centralized and unified display. It has completed the transformation of dense silo, the automatic transformation of main hoist, the automatic transformation of underground ventilator and the electric control system.