The company was founded in 2005. In 2005, paid exploration right certificate was obtained. The exploration right approved by the Ministry of Land and Resources covers an area of 6.27 square kilometers. At present, the proven geological reserve of molybdenum is195.897 million tons, the metal amount is 210.6634 million tons, and the average grade is 0. 12. The proven geological reserves of tungsten are 1 1.28 million tons, the metal amount is 20,759 tons, and the average grade is 0. 17. 20 10, 1 1, the provincial department of land and resources approved the mining right of 0.350 1 km2, with 84.65 million tons of molybdenum ore and 99,000 tons of metallic molybdenum, with an average grade of 0. 12%. Tungsten ore is 2.79 million tons, metallic tungsten is 5,594 tons, and the grade is 0.2%. The designed production scale is 5000 tons/day, and the investment scale is 600 million yuan. At present, 3 1000000 yuan has been invested, and the service life of the mine after all conversion is100 years. After putting into production, it is estimated that the annual sales revenue of molybdenum (tungsten) concentrate will be 860 million yuan and the annual profit will be 260 million yuan. Is a mining enterprise with rich resources and broad development prospects.