When Guangtu Mining confirmed Sheng Wenyan's decision to bring in Hongxin Capital, as far away as Nigeria in West Africa, the people of Rio Tinto Mining Company were angrily scolding them.

The local land and resources department in Kaduna took back the mining rights of Guangtu Mining and immediately sold it to Rio Tinto Mining Company of Australia.

After a short period of euphoria, the executives of Rio Tinto Mining Company, represented by Joyce, found that things were not at all what they thought!

"It's a conspiracy!" Joyce, who has always called himself an old-fashioned gentleman in England, is scolding in the mine at this moment, "These bastards, those Chinese, and those blacks, they lied to us!"

"What a damn iron ore, what a damn ilmenite iron associated ore!

"Look, what else did they leave us? No wonder that bastard Esmidara won't let us investigate again, it turns out that he set us a trap! I'm going to sue them, these liars!"

"Those blacks are so treacherous, they take our money, and they actually deceive us! If it is transmitted to the company headquarters, our positions will not be guaranteed!" His colleague also looked extremely ugly.

When they finally won the mining rights and re-explored the mine, they found that there were not as many mineral resources as the previous data they had obtained!

About 70 percent of the rich ore has been dug up by the predecessor Guangtu Mining Group! All that is left for them is some ore of relatively poor quality and deep ore that is very difficult to mine!

Rio Tinto Mining Group has been planning for so long, and it has become a pick-up man!

In fact, those in the Nigerian land and resources department have also discovered this situation. They already knew that they had not cheated Huaxia Enterprises, but they didn't want to lose money, so they deliberately concealed the facts.

When Rio Tinto sent people to investigate, their people made wrong guidance and swore a bunch of assurances.

As a result, Rio Tinto Mining took over this unfinished mine and made a loss-making transaction!

"I hope Satan takes all these bastards away!" Joyce cursed, they definitely won't stop there, and must get some costs back from the land and resources department.

But one thing is indisputable that this is Yenilia, the territory of the people. Even if they are British capitalists with a big face, this loss is a sure fact.

And the rest of the minerals, they can only dig clean to reduce losses.

……

Rio Tinto Mining Company and Nigeria's Ministry of Land and Resources have been tossing and turning for a long time, each with its own losses, but Guangtu Mining, which has withdrawn from Nigeria, has not been affected.

On the contrary, they have reached a formal cooperation with Hongxin Group. Hongxin Group already holds 5% of the shares of Guangtu Mining and has become one of the major shareholders with a seat!

Guangtu Mining has stepped up its efforts to continue to develop the African market and provide stable raw material delivery for Hongxin Group's industrial system.

But the battle for mining groups has just begun!

"Last month, the international ilmenite price fell by 18.3 percent, and the value of the ilmenite we excavated in China and from Yenilia has directly shrunk sharply!" Sheng Wenyan's assistant is reporting to him inside the Guangtu Mining Group.

"In the international market, the price of titanium-related high titanium slag is also rising. The prices of ore and metal raw materials have changed, and the export prices of raw materials have fallen sharply in several major mines that we have, and the price of metal imports has increased significantly......"

"In these countries in Africa, we can't get the right to operate mines. ”

The assistant reported a series of situations, which made Sheng Wenyan feel a little headache. Sure enough, if Guangtu Mining wants to become the world's mining giant, the problems it faces are still extremely huge!

For example, the market price of raw materials is controlled by mining giants such as Rio Tinto. They have abundant mineral resources and advanced metal smelting technology, and they control the raw material market, and if they rise and fall, they can make Guangtu Mining Group's profits shrink significantly.

"The impact of iron and copper minerals is not large, China is also a country rich in mineral resources, these raw materials can face the impact of the international market, but our ilmenite ore, a little difficult to sell. Sheng Wenyan thought that with the development of the titanium industry, the value of titanium metal has been rising, and Guangtu Mining has hoarded a lot of ilmenite.

If ilmenite prices fall, they are bound to be unaffected.

"Shengzong, the price of ilmenite raw materials has fallen, but the price of titanium concentrate and high titanium slag is rising. The assistant reminded.

Titanium concentrate is an ore with high titanium content and is extracted from ilmenite or titanium magnetite, which is used to make industrial raw materials such as high titanium slag, titanium dioxide, acid slag, and titanium sponge.

High titanium slag is a titanium ore enriched by the physical production method of titanium ore, which is a high-quality raw material for the production of titanium tetrachloride, titanium dioxide and titanium sponge products.

With the development of modern industrial technology, the demand for titanium industrial raw materials is also increasing, so the price of titanium concentrate and high titanium slag is also rising.

"If we can refine our ilmenite into high-titanium slag, we will definitely make a lot of money. It's a pity that we don't have this process, so we still have to sell the ore abroad and then import high-titanium slag. Sheng Wenyan said helplessly.

Raw materials and processed materials, naturally, are processed materials to make money. But without that processing technology, they can only do it in a hurry.

"Mr. Sheng, why don't you look for Hongxin Group, what if they have a way?" At this moment, Xin Zhe walked into Sheng Wenyan's office, he also came for the matter of the decline in ilmenite prices.

"This is the processing of raw materials, Hongxin Group is engaged in Internet technology and mechanical equipment, and this aspect cannot help us. Sheng Wenyan said.

Xin Zhe shook his head and said: "Not to mention the large amount of ilmenite we mine in Nigeria, our group owns several ilmenite mines in China. The price of ilmenite has fallen, and it is we who have lost the most. ”

"The international demand for high titanium slag has been rising. The high titanium slag refined in our own processing plant is limited by electric furnace technology, and the accuracy has not been improved. Hongxin Group's equipment research and development technology is very strong, if they can help us make a better electric furnace, maybe it can be solved? In short, such a good resource is not used, it is too wasteful. ”

"That's right, a dead horse should be a live horse doctor. We still have to figure out our own way, and at present, we will reduce the mining and sale of ilmenite ore first, and wait for the price to stabilize. Sheng Wenyan didn't have much hope for this, ore processing is not a smart technology, and Hongxin Group is estimated to have no way in this regard. But it's always good to ask, in case there is something that can help, and you can also recoup some losses.