Core Viewpoint - The demand for mineral resources in China is increasing due to economic recovery and the rise of emerging markets, particularly in strategic emerging industries such as new energy and new materials, driving the rapid development of the mining engineering construction industry [1][13]. Industry Overview - Mining engineering refers to a series of engineering activities aimed at the exploration, design, extraction, and waste treatment of mineral resources [2]. - The mining engineering construction industry focuses on the development of mineral resources, encompassing exploration, design, construction, and operational phases [2]. Development History - Before the establishment of New China, mining production was nearly paralyzed; post-establishment, mining became a key focus for the state, leading to the development of coal, iron, and other mineral resources [4]. - The industry transitioned from a single public ownership model to a diversified ownership model post-reform, with private capital entering the small and medium mining sectors [4][5]. Market Policies - The Chinese government has issued various policies to regulate mining engineering construction, focusing on resource development, safety production, and environmental protection [7][8]. Industry Chain - The mining engineering construction industry includes suppliers of construction materials (steel, cement, explosives), mining machinery suppliers, geological exploration companies, and mineral resource assessment agencies [9][10]. Current Market Status - The market size of China's mining engineering construction industry is projected to reach 57.39 billion yuan in 2024, with a year-on-year growth of 2.7% [1][13]. - The energy mining sector accounts for approximately 48.5% of the construction, while metal and non-metal mining sectors account for 32.2% and 19.3%, respectively [1][13]. Competitive Landscape - Major state-owned enterprises dominate the mining engineering construction market, leveraging strong financial resources and project management experience [11][14]. - Notable companies include China Railway 17th Bureau Group, China Metallurgical Group, and others, which have secured significant national and large-scale mining projects [11][14]. Future Development Trends - The industry is expected to embrace intelligent technologies across design, construction, and operation, creating a digital closed-loop process [17][18]. - The concept of "zero-waste mining" will drive technological breakthroughs in tailings utilization, while ecological restoration standards will lead to new market opportunities through cross-industry integration [17][18].