Chapter 1168 The Truth Is This

Lamb fast. Fan's investment group's support team was in place, as were legal experts from Europe and the United States. As for bodyguards, more than a hundred people came and occupied a chartered flight.

With so many people, Fan Wubing felt at ease again.

This time, we were on guard and read the contract carefully. We also discovered a problem, that is, they had tampered with the already negotiated text and secretly changed it back in the subsequent negotiations, thus forcing Everyone must carefully check the new version of each document, and a contract has dozens of pages, so the workload suddenly increases dramatically. Fortunately, these legal teams are highly professional, and the documents are all in English. Although most people cannot figure out the difference when faced with difficult-to- pronounce legal professional expressions, in the eyes of these experts, it is different, even if For one, changes in tense or preposition can create ambiguities that ordinary people are unaware of.

Moreover, during the subsequent investigation, Fan Wubing also discovered a problem. Although most of the people participating in the negotiations were black, the bosses behind the place were all white. This discovery surprised him.

"I thought it was a nigger who was doing this. I didn't expect that the people behind the scenes were white people. No wonder they acted so carefully and skillfully, and there were legal traps everywhere." Fan Wubing felt quite emotional for a moment. I thought I must have wronged those black people.

But when he thought about the black people running around in front of the stage working for white people to deceive themselves, Fan Wuying naturally didn't have a good impression in his heart. He thought that for these countries, it was a complete cleansing. Only then can the problem be solved.

In fact, revolutions in African countries have always been incomplete. If the interests of local white people were affected, it is estimated that the old colonists behind the scenes would have started to find excuses to intervene. Therefore, a war in Africa would not be possible. It's just black people beating black people, there's really nothing new.

With the support of the expert team, things went more smoothly, and the other party became much more honest. However, at the last moment when the contract was about to be signed, the experts discovered a big problem in the contract, and the other party tampered with the lawsuit. .

The place of complaint originally agreed upon was in Singapore. This is a compromise between the distance between the two parties and it is a Chinese community, so it should be said to be more reasonable. Moreover, Singapore's legal system is relatively fair and trustworthy, but the other party has hidden a condition in a certain clause of the contract, that is, if there is fraud in the cooperation, the decision must be made through the opinions of the local court.

In this way, the other party cannot suffer any loss. The only ones who are defrauded are these Chinese people who have come from afar, which means that once a dispute arises. Investors can only talk to these local snakes locally!

And if such fraud occurs. It is most likely letter of credit fraud. This is a very serious crime in China. Although there are also victims, the country's strength lies in banks.

They will definitely regard you as a fraudster, and such a large case with an amount of more than one billion US dollars is punishable by life imprisonment according to domestic criminal law. Therefore, in such a situation, domestic investors not only have to suppress all their property, but also Lifelong freedom is something no one can afford to gamble on. The most important thing in doing business is to have safety limits. Even if you lose money, you can't afford to turn around.

So here, as soon as the issue of litigation arises, both parties immediately fall out.

As an investor, especially a foreign investor. Fan Wubing and the others definitely do not understand the local laws and cannot trust the local laws. Therefore, as long as their heads are not burned out, they will never give in on this issue.

At the same time, the other party's back-tracking and insistence on not giving in made Fan Wubing feel that there was a problem and a trap. But everyone is a bit puzzled. Even the bosses behind them are all people with certain identities. Letter of credit fraud will be prosecuted internationally. They are already very wealthy people. How could they do it for this money? Desperate? This is unjustifiable.

So the two sides were deadlocked here, with no one willing to give in.

At this time, another thing happened. The other party insisted that the people from Fan's Investment Group return the ore samples they had given them. Originally, this sample should be an insignificant matter, and it was kept in the hotel room and not around at that time. But why the rush? This made Fan Wubing deeply suspicious.

So he ordered someone to bring the samples. Let the newly arrived mining experts analyze it and find out whether there is any fraud in it. Are you suspected of deceiving yourself?

But when the mineral experts carefully looked at the samples and the ingredient list provided by the other party, they finally understood the truth.

"Mr. Fan, we have been cheated." The mineral expert said to Fan Wubing without hesitation.

"What's going on?" Fan Wubing felt a little surprised, but since the mining experts said this, it means that Shi Fang is indeed causing trouble. Could it be that the iron content of the iron ore is not as high as they said?

"The iron content is quite high. This is true. What we want to say is that we were deceived during the entire cooperation. The mineral experts saw that everyone did not understand, so they took the sample and explained to everyone. "Hundred" means pan-ten About 10% of titanium. In terms of iron content, "Feiyou is a very rich iron ore, and the average iron content in China is only 30%." Of course, if the iron content reaches more than 64%, you can directly make steel. Apart from iron and titanium, the impurities such as sulfur and phosphorus are only a few parts per thousand, so what else is there? "

Seeing that everyone was a little confused, the mineral expert said excitedly, "The rest is all oxygen. All the iron and titanium in the ore exist in the form of iron oxide and titanium oxide. In fact, the iron content in 100% iron oxide ore is about 70%. Using the chemistry knowledge in middle school, we can know that this sample is basically a mixture of iron oxide and titanium oxide, with basically no other ingredients. It is a very good narrow iron associated ore, so this sample is not a simple iron ore. Of course they have to take it back, otherwise we will go back and let our technicians analyze it and we will understand it."

"What's wrong with it?" 6 Qingtong didn't know the key here.

"What's wrong?!" The mineral expert shook his head and said, "If you know the current application range of titanium metal, you won't ask such a question!"

It took more than 100 years from the discovery of titanium element to the production of pure products. And it was not until the 1940s that titanium was truly utilized and recognized its true face.

In the ten-kilometer-thick stratum on the surface of the earth, the content of titanium is 6/1000, which is 61 times more than copper, and ranks tenth in the content of the earth's crust. If you grab a handful of soil from the ground, it contains a few thousandths of titanium. It is not uncommon to find titanium ore with a reserve of more than 10 million tons in the world.

There are hundreds of millions of tons of sand and gravel on the beach. Titanium and tin, two minerals heavier than sand and gravel, are mixed in the sand and gravel. After millions of years of continuous washing by seawater day and night, the heavier ilmenite and halogen sand ore are washed together, forming a piece of titanium ore layer and halogen ore layer on the long coast. This ore layer is a kind of black sand. It is usually a few centimeters to tens of centimeters thick.

Titanium is not magnetic, and nuclear submarines built with titanium do not have to worry about the attack of magnetic mines.

In 1947, people began to smelt it in factories. The output that year was only two tons. In 1955, the output soared to 20,000 tons. In 1972, the output reached 200,000 tons.

The hardness of titanium is about the same as that of steel, and its weight is almost half of the same volume of steel. Although it is slightly heavier than aluminum, its hardness is twice that of aluminum.

"Now, titanium is widely used to replace steel in rockets and missiles. According to statistics, the amount of titanium used for space travel in the world has reached more than 1,000 tons per year.

Extremely fine titanium powder is also a good fuel for rockets. Therefore, titanium is known as cosmic metal and space metal. Titanium has good heat resistance and a melting point of 1,725 ​​degrees. At room temperature, titanium can lie safely in various strong acid and alkali solutions. Even the most ferocious aqua regia cannot corrode it. Titanium is not afraid of seawater. Someone once sank a piece of titanium to the bottom of the sea. Five years later, when he took it out, he found that there were many small animals and seabed plants on it. But it was not rusted at all and was still shiny." The expert told everyone about the role of titanium, and then said, "Now titanium is used to make submarines. Because titanium is very strong and can withstand very high pressure, this kind of submarine can sail in the deep sea as deep as 4,500 meters. What do you think is the significance of such high-quality titanium-iron mixed ore now?"

After saying this, everyone immediately understood.

The processing plant that the other party wants to build is actually to separate the titanium oxide in the ore, and the remaining is iron. They are not building an iron ore processing plant, but a titanium separation plant. It is easy to understand that the investment they need is more than 100 times the investment of domestic iron ore processing plants.

The international price of titanium is more than 10 US dollars per kilogram. If the freight is deducted, the value of iron ore here is at most 10 US dollars per ton, which is a thousand times different in value. Even if it is calculated based on the content of 10 tons of raw ore to produce one ton of titanium oxide, the value is more than 100 times different.

Now they have taken possession of all the separated ore and told Fan Investment Group that it was treated as garbage. They also have to share the profits of Fan Investment Group on iron ore. In other words, Fan Investment Group invested all the funds and borne all the operating costs and risks of mineral processing, but in terms of profits. They got 99%, and Fan Investment Group got less than 1%!

They concealed the huge benefits of the separated ore. Under normal circumstances, even if such an agreement is signed, it is not a fraud but an obviously unfair agreement. It is an invalid or revocable agreement. This is where their fraud lies. The letter of credit is not their biggest worry, because they are also people with status, and they will never do something that is a crime internationally, so the place they choose to sue must be local!