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As is required by the strategy of developing China through science and education and the strategy of sustainable development, in the course of advancing the reform and strengthening the management, mining enterprises have made continuous efforts to improve the quality of laborers and the modernization level of enterprises, adhered to the policy of attaching equal importance to both development and conservation, strived to raise the level of resources utilization and paid due attention to environmental protection in the process of mining development.

As a result of the reforms, there have emerged a number of large enterprises that achieve good economic returns and are internationally competitive on the front of the mining industry. One of them is the Yanzhou Mining Industry Corporation (Group) Limited. This corporation is one of the 100 pilot enterprises experimenting the modern enterprise system and one of the 120 pilot units of large enterprises throughout the country. The Yanzhou Coal Mine which the corporation is based on was in a rear position among China's State-owned extra-large coal enterprises at the end of the 80s in terms of both economic strength and economic performance and it suffered a loss of 18.23 million yuan in 1990. However, in the 4-odd years of reform, reorganization and upgrading, since the establishment and operation of the corporation in 1995, in the light of Yanzhou's specific conditions and with the establishment of a modern enterprise system taken as its main objective of reform, this corporation strengthened the building of a corporate management structure and brought about a series of major changes in the management system, operation mechanism and overall strength of the enterprise. Now the corporation has set up separated posts of board chairman, general manager and specialized board members, established a service organ and business operation system for the decision making of the board of directors, formulated rules of procedure for the Board of Directors, Manager's Office, Party Standing Committee, and Party Committee-Corporation Administration Joint Meeting, and explored ways to establish a standard and highly effective decision-making and operation mechanism. In the aspect of management, the corporation has strengthened quality control, attached great importance to marketing lines and scientific and technological progress, optimized resource allocation through multiple channels and thus achieved the combination of industrial operation with capital operation. In 1999 this corporation succeeded in listing on the stock markets in New York, Hong Kong and Shanghai and has raised funds amounting to 2.3 billion yuan overseas. At the same time, the corporation implemented the system of employeers holding stock shares and the principle of ¡°taking coal mining as the foundation and attaching equal importance to coal mining and non-coal business activities'. Thus, being laborers as well as investors, the broad masses of the employees have shown remarkably increasing concern for the survival and development of the enterprise and unpreceedentedly high enthusiasm in production, leading to a rapid change in the situation of production and operation of the enterprise. In the 4 consecutive years of 1996~1999, the corporation won the first place in the whole trade in terms of the total sales income, total profit-tax volume, overall mining unit production, and scientific and technological progress, respectively. As compared to those of the pre-reform 1995, in 1999 the corporation scored a total sales income of 7412 million yuan, an increase of 75%, including the non-coal industry sales of 3256 million yuan, an increase of 1.8 times; a total profit of 1250 million yuan, an increase of 58.6%; a total coal production of 25.8 million tons, an increase of 52.1%, including a coal export of 6.16 million tons, an increase of 1.04 times; a raw coal per-capita rate of 11.475 tons per person, an increase of 78.8%; and an employees' per-capita income of 15,023 yuan, a growth of 42.5%.Henan Hongxing Mining Machinery Co., Ltd is the professional manufacturer of complete sets of mining machinery, for example,magnetic separator,combination crusher Welcome all of you to visit our official website.raw material mill:http://www.hxjq-crusher.com/61.html