Wealth

In this economic seminar, Fan Wuyao also gained a lot of experts who studied economic policies, and many of them were high-level government think tanks. Although these people may not be able to anticipate the enemy as he did. We know economic trends, but we still have one set of sets to analyze problems from a theoretical level.

At least he himself had listened to a discussion, and he had more thoughts.

"We will have dinner together later." After the meeting, Boss Zhu patted Fan Wuyi on the shoulder and said to him.

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

Fan Heng is greeting several committee members. After all, he has entered this deputy state-level leadership circle. Some things are eligible to participate, and his vote has become heavier.

Seeing Fan Wubing coming over, all the committee members greeted him with a smile, and said a few words enviously, before they went to the restaurant next to the conference room together.

The buffet is prepared here, which is very convenient. The committee members and the standing committee members choose some food they like to eat, and then find a seat to sit down and discuss the content of today’s meeting while eating. It seems that everyone is very concerned about the current economic situation. Highly concerned, especially the lingering fear of the Southeast Asian financial crisis, and also very cautious about the recent domestic economic situation.

Fan Wubing walked with his father, Fan Heng, Boss Zhu, and other members of the Standing Committee. He acted as the chief secretary swiftly, helping them fill the plates with food, and then gathered at a table for dinner.

The members of the Standing Committee are all high-ranking members. They usually don't make a lot of noise when eating. However, Fan Wuyi has no taboos and directly discussed the recent developments in Jiangnan Province with his father Fan Heng.

"The problematic weaving 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 technology and equipment, while conducting independent research 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. The other is that the interest-free loans that Fan Wuyao brought to him have played a big role. It can be used in the restructuring of some highland industries with quick results and quick returns.

The textile industry went through the debt-to-equity swap cooperation between Jiangnan Textile Mill and Fan. People who have achieved remarkable results have followed suit. Create a strong alliance. The situation is very good. Exports to foreign countries have also begun 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. There are some special metal materials that cannot meet the requirements and need to produce ordinary metal materials. Both the market size and profitability are greatly restricted.

"At present, our province has solicited opinions from many experts and enterprises. Everyone believes that the development of special metal smelting technology and the construction of some large-scale metal rolling equipment. The current domestic blank products are produced. This is the only way out for the metallurgical industry in Jiangnan Province to get out of the predicament. "Fan Heng said to Fan Wuyao. "We have also learned about a situation. Australia is currently opening up mine operations. We really want to acquire a few rich mines in the past. In order to reduce the cost of raw materials."

Fan Wubing laughed after listening. "Your idea is good. However, the Australian subway mine is not so good. The Japanese are very close to the acquisition. And the Australian power is not very repellent from the Chinese. But now China has just recovered Hong Kong's sovereignty. As a member of the Commonwealth, it is naturally somewhat psychologically 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 the Second World War, the manufacturing and mining industries developed, making Australia a capitalist country with a per capita GDP ranking among the top in the world.

The Pilbara area of ​​Western Australia is rich in iron and stone reserves, which claim 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 the raw materials are exported. The Australian government also encourages exports with preferential policies. In 1987, the Sino-Australian joint venture Chanar Railway had an annual output of 10 million tons. The cooperation was smooth and the project was successful. Therefore, the Australian iron ore mine is still a good partner for cooperation.

Although China is one of the countries with relatively rich iron ore resources, and its reserves rank fifth in the world, the grade of iron ore resources in China is low, resource distribution and control are very scattered, and mining costs are high. In contrast, Brazil, Australia and other countries have concentrated iron ore resources, high ore grades, combined with transportation and shipping costs, which still have an advantage in combination. Domestic iron ore resources are inherently insufficient. If resource taxes and fees and other issues are taken into account, it will be more difficult for domestic ore to compete with international giants in terms of cost.

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

High, the impact on the enterprise is greater. Secondly, the compensation rate for mineral resources also overlaps with the resource tax, which increases the burden on mines.

In addition, metallurgical mining enterprises also need to bear a lot of social and public expenditures, such as the costs of running a society and the treatment of subsided areas, reclamation, and tailings ponds. In particular, many domestic metallurgical enterprises are old enterprises, most of which were built in the 1950s and 1960s. Some enterprises have serious aging, low efficiency and high consumption of main equipment, and they are generally located in deep mountains and valleys without the support of cities. The extra costs borne by the enterprises themselves to the society basically account for one-fourth of the total mining expenses.

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

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

In some resource-rich countries, iron ore mining enterprises have relatively low tax and fee burdens. The tax and fee setting particularly considers the characteristics of mining enterprises and pays attention to supporting the sustainable development of mining enterprises. From the perspective of tax and fee structure, the special taxes and fees of foreign mining enterprises are mainly composed of royalties, exhaustion subsidies, resource rent taxes, and fees related to mining rights. The types are relatively simple and the number is relatively small. The most important fees for foreign mining companies are application fees and rental fees. Most countries generally only charge these two types of fees.

Taking Australia as an example, the royalties of Australian iron ore companies are paid in grades according to the sales value, with 5% for concentrates, 7.5% for coarse ore, 5.6% for fine ore, and 5.6% for pellets. Five percent, special agreements can even be set for individual companies. At the same time, Australia also implements preferential tax treatment for mines located in remote areas.

Australian iron ore producers are less than half 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 rigid, and they often deliberately set up some obstacles, which is very troublesome.

Jiangnan Province has also experienced some in the past, so at this time Australia opened up the right to mine mines, and they thought of going there to mine on their own.

Fan Wubing himself is also playing the idea of ​​Rio Tinto and BHP, but he is slowly collecting chips from the stock market in order to achieve control of the two extensions. After several years of layout, this work is progressing well. At least he has become the third largest shareholder of Liangtuo, and he still has the right to speak. If the price of Liangtuo increases, then he is the beneficiary. If the price of Liangtuo decreases, he can purchase iron ore first through shareholder rights. Achieving the goal of monopolizing market prices can be said to be advancing, retreating, and defensive, and it is absolutely not a loss.

However, when Jiangnan Province was going to mine on its own, he was also in favor.

After all, a mine with its own exclusive equity, although the process is a bit more troublesome, can have the right to make decisions, and it can also have a certain impact on the prices of the two extensions. In this case, the investment in this mine should not be too small, otherwise, It reflects its strategic significance.

In the face of the increasing concentration of iron ore resources, many international steel companies have stepped in iron ore mining, trying every means to inject shares into iron ore mines or purchase new mineral resources. China's steel production has grown rapidly, and iron ore demand is also tight. If China's iron ore dependence on foreign sources will further increase, then the voice of Chinese steel companies in international ore price negotiations will continue to weaken.

China is the world's largest steel producer ~www.wuxiamtl.com~, to a certain extent, controls the interest chain of the world's steel industry. However, on the one hand, iron ore imports are still maintaining high growth, on the other hand, the opponent’s resource bargaining chip is increasing. The contradiction between the two is very prominent, which directly leads to domestic steel production being restricted by international iron ore supply.

With the gradual expansion of the earth's resource reserves and the gradual reduction of recoverable resources, the future constraints on iron and steel enterprises will become stronger. A hundred years from now, or even within a few decades, there will be a large number of iron and steel companies starting from their own ore that cannot survive because of the exhaustion of resources, and a large number of non-mineral iron and steel companies will lose money due to high raw material costs and even close down.

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. At that time, 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, the idea of ​​Jiangnan Province wishing to enter overseas mines mentioned by his father Fan Heng, Fan Wubing feels that it is still very forward-looking, at least this is a good beginning.

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

Today's third update (