When Guangtu Mining confirmed Sheng Wenyan's decision and was willing to bring in Hongxin Capital, the people from Rio Tinto were scolding them in Nigeria, West Africa.
After Kaduna State's Department of Land and Resources took back the mining rights of Guangtu Mining, they immediately sold it to Australia's Rio Tinto Mining.
After a short moment of joy, the Rio Tinto executives, represented by Joyce, realized that things were not as they had thought!
"This is a conspiracy!" Joyce, who had always called himself an old-school British gentleman, was cursing in the mine. "Those bastards, those Huaxia people, and those black people, they lied to us!"
"What damned iron ore? What damned titanium iron ore?! This place has been dug up clean! "
"Look, what else did they leave for us? No wonder that bastard Esmeidara didn't let us explore again. It was a trap for us! I want to sue them, these liars! "
"Those black people are too treacherous. They took our money and lied to us! If this spreads to the headquarters, we won't be able to keep our jobs! "His colleagues were also very upset.
When they finally got the mining rights and re-explored the mine, they realized that there were not as many mineral resources as the data they had obtained previously!
About seventy percent of the rich minerals had been dug up by the previous Guangtu Mining Group! What was left for them were some lower quality ores and deep mines that were very difficult to mine!
Rio Tinto Mining Group had planned for so long, but they were the ones who took over!
In fact, the people from Nigeria's Department of Land and Resources had already realized this. They already knew that they did not scam the Huaxia enterprises, but they did not want to lose money, so they deliberately hid the truth.
When Rio Tinto sent people to investigate, their people made the wrong choice and made a lot of promises.
In the end, Rio Tinto Mining Group took over this lousy mine and made a loss!
"I hope Satan takes these bastards away!" Joyce cursed. They would definitely not let this go. They must get back some of the cost from the Department of Land and Resources.
However, there was no doubt that this was Zinilla, the territory of others. Even if the British capitalists had a lot of face, it was a fact that they would lose money this time.
As for the remaining minerals, they could only dig up all of them to reduce their losses.
…
Rio Tinto and Nigeria's Ministry of Land and Resources struggled for a long time and both suffered losses. However, Guangtu Mining, which had already withdrawn from Nigeria, was not affected.
On the contrary, they had already reached an official partnership with Hongxin Group. Hongxin Group already held 5% of Guangtu Mining's shares and became one of the major shareholders with a seat!
Guangtu Mining increased its efforts and continued to develop the African market to provide a stable supply of raw materials for Hongxin Group's industrial system.
But the battle for the mining conglomerate had just begun!
"Last month, the international price of titanium ore dropped by 18.3%. The value of the titanium ore we mined in China and Japan has directly decreased by a large margin!" Inside Guangtu Mining Group, Sheng Wenyan's assistant was reporting to him.
"In the international market, the price of high-titanium slag related to titanium is also rising. There have been changes in the prices of ores and raw materials. The export prices of raw materials in our several major mines have dropped significantly, while the import prices of metals have increased significantly … "
"In these few countries in Africa, our mining rights have not been approved."
The assistant reported a series of situations, which gave Sheng Wenyan a headache. Sure enough, if Guangtu Mining wanted to become a world mining giant, the problem it faced was still extremely huge!
For example, the market price of raw materials was controlled by Rio Tinto and other mining giants. They had rich mineral resources and advanced metal smelting technology. They controlled the raw materials market, and the rise and fall of raw materials would cause Guangtu Mining Group's profits to shrink significantly.
"The impact of iron and copper ores is not big. Our country is also a country with rich mineral resources. These raw materials can face the impact of the international market. It's just that our titanium ore is a bit difficult to sell." Sheng Wenyan pondered. With the development of the titanium industry, the value of titanium ore had been increasing. Guangtu Mining Group had accumulated a lot of titanium ore.
If the price of titanium ore fell, they would definitely be affected.
"CEO Sheng, the price of titanium ore raw materials has fallen, but the price of titanium concentrate and high-titanium slag is increasing." The assistant reminded him.
Titanium concentrate was extracted from ilmenite ore or ilmenite ore. It contained high titanium content and was used to make high-titanium slag, titanium dioxide powder, acid slag, titanium sponge, and other industrial raw materials.
High-titanium slag was formed from titanium ore through physical production methods. It was a high-quality raw material for titanium tetrachloride, titanium dioxide powder, and titanium sponge products.
With the development of modern industrial technology, the demand for titanium raw materials had increased. That was why the price of titanium concentrate and high-titanium slag had increased.
"If we can refine our own ilmenite ore into high-titanium slag, we will definitely make a lot of money. Unfortunately, we don't have the technology. We still have to sell the ores overseas and import the high-titanium slag. "Sheng Wenyan said helplessly.
Raw materials and processing materials. Of course, processing materials would make money. But without the technology, they could only worry.
"CEO Sheng, why don't you look for Hongxin Group? What if they have a solution?" At this moment, Xin Zhe walked into Sheng Wenyan's office. He was also here because of the falling price of titanium ore.
"This is the raw material processing. Hongxin Group is in the internet technology and machinery industry. They can't help us with this." Sheng Wenyan said.
Xin Zhe shook his head and said, "Let's not talk about the huge amount of ilmenite ore we mined in Nigeria. Our group also owns a few ilmenite ore mines in China. If the price of titanium ore falls, we will be the biggest losers. "
"And the international demand for high-titanium slag has been increasing. The high-titanium slag refined by our own processing plant is limited by the electric furnace technology. We can't improve the precision of the high-titanium slag. Hongxin Group's technology is very good. If they can help us make a better electric furnace, maybe we can solve this problem. Anyway, it will be a waste if we don't use such a good resource. "
"That's true. Let's try everything we can. We still need to think of a solution ourselves. For now, we need to reduce the mining and selling of titanium ore and wait for the price to stabilize. " Sheng Wenyan did not have high hopes for this. Ore processing was not a smart technology, and Hongxin Group probably can't do anything about it. But it was better to ask. If they could help in any way, they might be able to recover some of their losses.
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