Chapter 457 Fan Heng Wants to Mine Overseas

However, at this economic seminar, Fan Wubing also learned something. There were many experts who studied economic policy, and many of them were high-level think tanks in the government. Although these people may not be able to predict the enemy like him. We know the economic trend, but when we analyze the problem from a theoretical level, it is still one set at a time.

At least he himself had some more thoughts after listening to a seminar.

"Let's have dinner together later." After the meeting, Boss Zhu patted Fan Wubing on the shoulder and said to him.

Fan Wubing nodded, and then went to find his father, Fan Heng.

Fan Heng was greeting several committee members. After all, he had stepped into the vice-national leadership circle and was qualified to participate in some matters, and his vote had become more important.

Seeing Fan Wubing coming over, all the committee members smiled and greeted him. They said a few words of envy, and then they went to the restaurant next to the conference room together.

There is a buffet here, which is very convenient. Members and standing committee members each picked some food that they liked, then found a seat to sit down and discussed the content of today's meeting while eating. It seems that everyone is aware of the current economic situation. I am very concerned about the financial crisis in Southeast Asia, and I am also very cautious about the recent economic situation in the country.

Fan Wubing was walking with his father Fan Heng, Boss Zhu and other members of the Standing Committee. He quickly acted as the chief secretary, helping them fill their plates with food and then gather at a table to eat.

Several members of the Standing Committee were in high positions and usually kept their mouths shut when eating. However, Fan Wubing had no taboos and directly discussed the recent development of Jiangnan Province with his father Fan Heng.

"The problem textile industry in Jiangnan Province has been much integrated. Now it is the turn of the metallurgical industry to integrate. At present, we are planning to introduce advanced technical equipment and at the same time engage in independent research and development based on the actual situation and come up with some competitive products. "Fan Heng said to his son.

The current situation in Southern Province. It's much better than when Fan Heng first came here. One is that the tens of billions of holes have been almost filled, and the other is that the interest-free loans that Fan Wubing got him have played a big role. It can be used in the restructuring of some highland industries with quick returns.

In the textile industry, after the debt-for-equity swap cooperation between Jiangnan Textile Mill and Fan Wubingdi. It has achieved very significant results and many countries have followed suit. Find a way to join forces with powerful forces. The situation is excellent. Exports to foreign countries also began to increase sharply.

And in the metallurgical industry. There are still some problems at this time. The most important thing is that the quality of domestic subway ore is not high. The production of some special metal materials cannot meet the requirements and ordinary metal materials have to be produced. Market size and profitability are subject to great constraints.

"At present, our province has consulted the opinions of many experts and enterprises. Everyone believes that developing special metal smelting technology and building some large-scale metal rolling equipment to produce products that are currently blank in the country is the only way out of the predicament for the metallurgical industry in Jiangnan Province. ." Fan Heng said to Fan Wubing. "We also learned about a situation. Australia is currently opening up mining rights. We would like to acquire several rich mines in the past to reduce raw material costs."

Fan Wubing laughed after hearing this. "Your idea is good. However, the Australian subway mine is not so easy to acquire, and the Japanese are keeping a close eye on it. Although Australia's local forces are not very repulsive to the Chinese, China has just taken back the sovereignty of Hong Kong. As a member of the Commonwealth, I am naturally somewhat mentally unbalanced."

Australia covers an area of ​​7.68 million square kilometers and has a population of less than 20 million people. It was originally dominated by agriculture and animal husbandry. After World War II, the manufacturing and mining industries developed, making Australia a developed capitalist country, with its per capita GDP ranking among the top in the world.

The Pilbara region of Western Australia, Australia, is rich in iron and stone reserves. It is said to have 32 billion tons of reserves. However, the area is short of water and the deep processing of mineral products is restricted. Most of them are exported as raw materials. The Australian government also encourages exports with preferential policies. In 1987, the Channar Iron joint venture between China and Australia had an annual output of 10 million tons. The cooperation was smooth and the project was successful. Therefore, Australian iron ore is still a good partner.

Although my country is one of the countries rich in iron ore resources, with reserves ranking fifth in the world, the grade of my country's iron ore resources is low, resource distribution and control are very scattered, and mining costs are high. In contrast, countries such as Brazil and Australia still have an advantage due to their concentrated iron ore resources, high ore grade, and transportation and shipping costs. Domestic iron ore resources are inherently insufficient. If issues such as resource taxes and fees are also taken into account, it will be more difficult for domestic ores to compete with international giants in terms of cost.

Due to the low commodity value of iron ore, the cost of increasing resource taxes accounts for a large proportion. Compared with the relatively low resource taxes of other minerals, iron ore resources

High, the impact on the enterprise will be greater. Secondly, the mineral resource compensation also overlaps with the resource tax, which increases the burden on mines.

In addition, metallurgical mining companies also need to bear a lot of social public expenditures, such as corporate social and subsidence area management, reclamation, tailings ponds, etc. In particular, many domestic metallurgical mountain enterprises are old enterprises, most of which were built in the 1950s and 1960s. The main equipment of some enterprises has seriously aged, with low efficiency and high consumption. They are generally located in deep mountains and canyons without cities as a basis. The additional costs borne by the enterprise itself and paid by society basically account for a quarter of the total mining expenses.

The above-mentioned factors have caused the costs of metallurgical and mining enterprises to increase by about 30% every year.

Relatively speaking, the tax policies of foreign mining companies are relatively mature.

The tax burden level of iron ore mining companies in some resource-rich countries is relatively low. The tax and fee settings pay special attention to the characteristics of mining companies and pay attention to supporting the sustainable development of mining companies. From the perspective of tax structure, the special taxes and fees for foreign mining enterprises mainly consist of four categories: royalties, depletion subsidies, resource rent taxes, and mineral rights-related charges. The types are relatively simple and the amounts are relatively small. The most important fees for foreign mining companies are application fees and rental fees. Most countries generally only charge these two fees.

Taking Australia as an example, Australian iron ore companies pay royalties based on sales value: 5% for concentrate, 7.5% for coarse ore, 5.6% for fine ore, and 5.6% for pellets. Five percent, and special agreements can even be set up for individual companies. At the same time, Australia also enjoys preferential tax treatment for mines located in remote areas.

Australian iron ore producers' tax burden is less than half the level of domestic corporate taxes and fees.

But one thing is that the mines that have been opened in Australia are basically controlled by the British. The relationship between these guys and China is relatively stiff, and they often deliberately set up obstacles, which is very troublesome.

Jiangnan Province also had some experiences in the past, so when Australia opened its mining rights, they thought of going there to mine on their own, hoping that it would go smoothly, or that they could make money by selling while meeting their own needs.

Fan Wubing himself is also thinking about Rio Tinto and BHP, but he is slowly collecting chips from the stock market in order to control the two expansions. After several years of planning, this work is progressing well. , at least he has become the third largest shareholder of Liangtuo, and still has the right to speak. If Liangtuo increases its price, he will be the beneficiary. If Liangtuo reduces its price, he can use shareholder rights to preemptively purchase a large amount of iron ore. To achieve the goal of monopolizing market prices, it can be said that you can advance, attack, retreat or defend, and you will never suffer a loss.

But when Jiangnan Province was planning to start mining on its own, he also supported it.

After all, a mine with its own sole equity, although the process is more troublesome, can have the final decision-making power, and it can also have a certain impact on the price of the two expansions. In this case, the investment in this mine should not be too small, otherwise This reflects its strategic significance.

Faced with the increasing concentration of iron ore resources, many international steel companies have intervened in iron ore mining and are trying every means to inject shares in iron ore mines or acquire new mineral resources. China's steel production is growing rapidly and the demand for iron ore is also tight. If China's dependence on foreign iron ore will further increase, then the say of Chinese steel companies in international mineral price negotiations will continue to weaken.

China is the world's largest steel producer and controls the interest chain of the world's steel industry to a certain extent. However, on the one hand, the import volume of iron ore is still growing at a high rate, and on the other hand, the opponent's resource chips are getting bigger and bigger. The contradiction between the two is very prominent, which directly leads to the domestic steel production being restricted by the international iron ore supply.

As the earth's resource reserves gradually develop, recoverable resources gradually decrease, and the constraints on steel companies will be stronger in the future. A hundred years from now, or even within a few decades, there will be a large number of steel companies that started with their own ores and will be unable to survive due to depletion of resources. A large number of ore-free steel companies will suffer losses and even go bankrupt due to the high cost of raw materials.

As the competition for interests intensifies, iron mining giants are likely to use their resource advantages to enter the steel industry or merge with steel companies. By then, it will be more difficult for steel companies to survive. Therefore, reasonable control of iron ore resources is a necessary measure for the sustainable development of Chinese steel companies.

Therefore, Fan Wubing felt that his father Fan Heng's idea of ​​Jiangnan Province's desire to enter overseas mines was very forward-looking, at least it was a good start.

Control over resources should not be relaxed at any time, regardless of whether the resources are Chinese or foreign.

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