Huaibei Xulou Mining Co., Ltd. (Suixi County Xulou Iron Mine) was established in October 2005, located in Baishan Town, Suixi County, Huaibei City, Anhui Province. The company's production and business scope is iron ore mining, processing and sales, and the final products are iron ore powder and sulfur powder. The registered capital of the company is 80 million yuan. Xulou iron ore project as the key investment project of Huaibei city and Anhui province, the company has accumulated investment of more than 1 billion yuan. The designed production capacity is 400,000 tons/year for the first phase, 950,000 tons/year for the second phase, and the designed service life is 29 years. The company has complete licenses and operates the mine according to law. The overall mining and beneficiation system of the company is mature, with perfect rules and regulations and safeguard measures for resource development and utilization, environmental protection, land reclamation, ecological reconstruction and safe production. The mine management is scientific and standardized. It has obtained the honors of "non-coal mine safety and quality standardization secondary enterprise", "ISO9001" quality certification, "national green mine pilot unit" and so on.

　　Xulou iron deposit is a contact metasomatic skarn magnet deposit. The buried depth of the ore body is 48-385m. It is an underground mine. The combined mining method of vertical shaft flank development, upward horizontal layered cemented filling method and subsequent sublevel open stoping method back to the mining room is adopted. The deposit includes Shilou deposit, Shuangzhuang deposit and Shixiaolou deposit, with a geological reserve of 29.78 million tons and an average grade of 47.17%.