Resource Tycoon Reborn

"Only when the tide recedes will we know who was swimming naked in the water!"

The global financial market was turbulent in August, and the storm caused by the U.S. subprime mortgage crisis was further expanding visibly to the naked eye, sweeping more and more financial institutions into it! U.S. Housing, the tenth largest mortgage lender in the U.S.

Mortgage Investment Company officially filed for bankruptcy protection with the court! BNP Paribas suspended fund trading in the U.S. mortgage business! Nationwide Financial Corporation, the largest commercial mortgage provider in the United States, is on the verge of bankruptcy! This series of bad news has made the global stock market like a monkey on stimulants

Generally, prices jump up and down, and plummeting prices frequently occur! In order to stabilize the financial market, the central banks of the United States, the Eurozone, Japan, Australia, Canada and other countries have taken active actions and have injected capital into currency airports, hoping to inject money into the currency market.

Provide huge amounts of funds to alleviate the lack of liquidity caused by the subprime mortgage crisis, restore investor confidence, and maintain the stability of the financial market. In August, central banks around the world invested a total of US$340 billion in funds

To "put out fires". But disappointingly, all this has not played any obvious role, and the subprime mortgage crisis has become more and more intense.

However, these are nothing to Hong Kong Kumho Film Group Co., Ltd. With sufficient cash in hand, the subprime mortgage crisis does not have a major negative impact on it. On the contrary, it has played a role in promoting global prosperity from a certain perspective.

The Role of the Movie Market People's wealth has shrunk, but they still have to live their lives and enjoy entertainment. Watching movies has undoubtedly become a high-quality and low-cost form of entertainment, so the North American and European movie markets have become more active.

Although Heroes 2 has not been taken off the shelves in the global film market, the number of countries and cinema lines showing it has been significantly reduced. In mid-September, Hong Kong Kumho Film Group's new film Harry Potter 3 will set sail.

After Heroes 2 has passed the important task of attracting global money, Hong Kong Kumho Film Group also announced that before Christmas, the much-anticipated Transformers will be launched in the global film market!

On September 3, Liaoning Iron and Steel Group Corporation announced that it had officially acquired all state-owned shares of Nanjing Iron and Steel Group Corporation, becoming the largest shareholder of Nanjing Iron and Steel Group Corporation with 72% of its equity. It also announced that it would eliminate

Nanjing Iron & Steel Group Co., Ltd. has expanded some of its backward production capacity to produce automotive steel plates. This news shocked the domestic steel industry.

On September 4, Qinchuan Samsung Automobile Group Co., Ltd. and Japan's Toyota Motor Corporation jointly announced that the Qinxi Provincial Engine Manufacturing Plant, a joint venture worth 2.4 billion yuan, has been put into operation, with an annual output of 300,000 Toyota engines of various models. Mainly

It is supplied to domestic automobile manufacturers in China and a small part is exported.

On September 5, the China Iron and Steel Industry Association announced that the 2008 iron ore price negotiations will begin in October. The members of the negotiating team representing China Iron and Steel Enterprises this year will be Liaoning Iron and Steel Group Corporation and Haibao Iron and Steel Group.

The company jointly dispatches!

"This is pure peace!" Su Aijun shook his head and said helplessly. Liao Provincial Iron and Steel Group Company and Haibao Iron and Steel Group Co. were competitors in the industry. Last year, Liao Provincial Iron and Steel Group Co. made it difficult for Haibao Iron and Steel Group Co. to come to power, and one of them was

A private steel company and a state-owned steel company have different positions and interests. How can they cooperate perfectly during negotiations? But many things in the country are like this. There are too many aspects to consider, and He Xini has become the best choice for officials.

Choice, as for the negative consequences of doing so, hey, that’s none of their business!

"I can only try my best to think on the bright side. In any case, it can be considered progress!" Regarding this, Fang Mingyuan was also full of helplessness. These days, many officials have contacted Liao Iron and Steel Group through various channels.

The company hinted that it hopes that Liaoning Iron and Steel Group Co., Ltd. can continue to uphold its spirit and replicate the practices at the beginning of the year. It will sign agreements with Haiping Mining Company and Brazilian MM Company first, thus forcing the three major mining companies to accept a "reasonable" price and provide a better future for the domestic steel industry.

reduced pressure!

Not to mention that at the beginning of the year, the reason why Liaoning Iron and Steel Group Company was able to force the completion of iron ore price negotiations in 2007 by signing contracts with Haiping Mining Company and Brazilian MM Company was because of the Shui Zhizhong incident.

Mining companies were all involved. In order to appease the dissatisfaction of the Chinese government and to calm the matter, the three major mining companies had to make some concessions. Since Liao Iron and Steel Group Company gave them a step up, the other party also took advantage of it.

It’s time to get off the donkey. Do you still want to play like this in next year’s iron ore price negotiations? Isn’t it easy when the heads of the three major mining companies are all soft persimmons?

Even if we take a step back, Liaoning Iron and Steel Group Company can force the three major mining companies to accept this result by signing contracts with Haiping Mining Company and Brazilian MM Company. Why would Fang Mingyuan do this? Liaoning Iron and Steel Group Company is a private enterprise, not a state-owned enterprise.

It does not receive even half a cent of subsidies from the state every year, but instead has to pay high taxes and fees. Liao Provincial Iron and Steel Group Company helped Haibao Iron and Steel Group Company complete price negotiations with the three major mining companies, winning cooperation with the domestic steel industry.

Iron ore prices were comparable in 2006, but these domestic steel companies have controlled costs, and the increased profits will not give half a cent to Liaoning Iron and Steel Group Company. How many private steel companies will express

Express gratitude, but most of those large state-owned steel companies rarely even express gratitude!

The rise in iron ore prices is of course a bad thing for China's steel industry, but it is not for the Fang family. As iron ore prices rise, Haiping Mining Company and MM Company will naturally make more profits, while Liao Provincial Steel Group

Due to its advantages in technology and channels, the company has a stronger ability to absorb cost increases than most domestic steel companies. In this case, one increase will lead to another loss, and Liaoning Iron and Steel Group Company's position in the domestic steel industry will be the same.

His status can still rise further. And although Fang Mingyuan does not want the domestic steel industry to be greatly "blood-sucked" by overseas mining companies and hand over a large amount of profits to them, this does not mean that he will work hard to fight for them.

You don't seek retribution for profit, you dare to take advantage of others, let the companies under the Fang family go to the arena to fight to the death with the three major mining companies?

"The merger of Haiping Mining Company and Brazilian MM Company has not been approved by the two governments?" Su Aijun casually sat in a pavilion by the garden lake and asked Fang Mingyuan to sit down together.

"No! The relevant departments of the Brazilian government and the Australian government are still reviewing it." Fang Mingyuan sighed, but he had been mentally prepared for this situation, so it would not have much impact.

"The three major mining companies have become the four major mining companies. Those with vested interests must be unwilling to give up their own interests." Su Aijun couldn't help but sigh. As the governor of Qinxi Province, he has been

I have thoroughly realized that due to strong opposition from vested interests, many policies to benefit the people in the province have been difficult to promote.

"By the way, Brother Xia Wenxia reported a piece of news to me a few days ago. It's not completely confirmed yet, but there are just some rumors." Fang Mingyuan said, "BHP Billiton seems to be interested in acquiring Rio Tinto. The two major companies have already made plans in private.

Contacted. I personally think that this news is very likely to be true."

"BHP Billiton Group Company is going to acquire Rio Tinto?" Su Aijun was surprised. This news is a big deal for global ore producers and is related to the ranking of the top three iron ore producers. If BHP Billiton Group Company

After successfully acquiring Rio Tinto, it is bound to surpass Brazil's Vale and become the world's largest iron ore supplier, occupying a larger iron ore market and forming a greater monopoly! On the one hand, domestic iron ore demand

Strong growth, on the other hand, the degree of monopoly of international mining giants has further increased, which will undoubtedly make it more and more difficult for domestic steel companies to gain sufficient say in iron ore prices.

"Well, this is not good news. If the two companies merge, it will create the world's largest iron ore, copper, and aluminum producer. It will account for more than one-third of the global iron ore market,

It will also occupy an important position in the coal, zinc, and diamond industries, and own mines and oil fields on six continents in the world. It can be said that a monopoly giant in the industry has been born." Fang Mingyuan said with a wry smile.

"Would Rio Tinto be willing to be acquired by BHP Billiton Group Company?" Su Aijun couldn't understand. Rio Tinto Group is also one of the three major mining companies. Even if it is not as good as Brazil's Vale and BHP Billiton Group Company, it cannot be acquired by BHP Billiton Group Company.

Fang Mingyuan explained: "It's not a question of willingness or not, but whether the BHP Group will force the acquisition. Because not long ago, Rio Tinto successfully acquired 100% of the shares of Alcan Company at a cost of nearly 40 billion.

After the merger, Rio Tinto has surpassed Rusal and Alcoa to become the world's largest aluminum producer, with an annual production capacity of 4.4 million tons of aluminum! But it also has hidden dangers.

Rio Tinto Group Company paid nearly 40 billion US dollars to acquire Alcan Company, but most of it was bank loans, and its own funds accounted for a smaller proportion. This significantly increased Rio Tinto's liabilities and financial risks.

Big rise! It is precisely because of this that BHP Billiton Group Company has taken a fancy to the fact that it has just made plans to acquire Rio Tinto Group Company."

"Do you think BHP Billiton Group's plan can be realized?" Su Aijun said a little dumbly. If BHP Billiton Group really succeeds, life will be even more difficult for the domestic steel industry. (To be continued.)

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