On May 31st, Jiangxi International Mining Co.,Ltd. was founded in Nanchang, marking that upgrading of global resources allocation and acceleration of uprising of central China have entered a new and strategic phase. Hong Lihe,Vice Governor of Jiangxi, attended the opening ceremony and made a speech. Jiangxi International Mining Co., Ltd. has a registered capital of RMB 30 million and its shareholders includes: China Jiangxi International Economic and Technological Cooperation Company, Jiangxi Copper Group, Jiangxi Rare Earth &Rare Metals Tungsten Group Holding Co.,Ltd., Jiangxi Coal Group Corporation, Jiangxi Non-ferrous Geological Exploration Bureau,China Nerin Engineering Co., Ltd. and Jiangxi State-owned Enterprise Assets Operation(Holding) Co., Ltd. As a resource powerhouse of China, Jiangxi ranks high in the fields of fine and deep processing of mineral resources.However, with China’s rapid economic growth in the last 3 decades, some mineral resources fall in short and rely increasingly on foreign supplies. It has become an inevitable issue restraining sustainable economic development of the whole province, even the whole country. In 2010, Jiangxi established a leading group for mineral resources development to carry out global mineral resources exploration and development. Five equity companies of Jiangxi International Mining Co., Ltd. are top performers in the field of prospecting and development of mineral resources and have advantages in many aspects of prospecting, mining, dressing and smelting, etc. The founding of the conglomerate enables backbone state-owned enterprises and institutions of the province to carry out strategic cooperation in foreign countries in terms of mineral resources prospecting and development, indicating that Jiangxi has opened a new chapter in the field of prospecting and exploration of mineral resources.