Shandong Shengxin Mining Co., Ltd. was established on June 20, 2008 with a registered capital of 110 million yuan. Dagaozhuang Iron Mine is located about 10Km south of Dongping County. Its administrative division is under the jurisdiction of Pengji Sub-district Office of Dongping County, with an area of 1.6404km. Dagaozhuang ore section is composed of 4 ore belts and 8 ore bodies. The total reserves within the mining right range are 24.359 million tons, with average grade of MFe21.96% and TFe30.34%. Annual capacity design 800,000 tons, can produce 65% iron powder 240,000 tons.