Chapter 673: Funding is a big difficulty

"Director Yan and Director Teng are overrated. ”

Feng Xiaochen smiled and waved his hand, thanked the two of them for their compliments, and then said:

"This matter is not my proposal, but the meaning of the leaders of the Economic and Trade Commission, our equipment industry company is only responsible for coordination, so what Director Yan said is also the leadership of the Economic and Trade Commission, I am just a handyman sweeping the floor under the eaves.

China's economy is now on the fast track, and according to experts' forecasts, in the next 20 years, the average annual growth rate of China's economy can reach more than 10%, which means that by 2015 China's GDP will exceed 60 trillion yuan. We need to build more than 100,000 kilometers of highways, involving countless bridges and culverts, and we need to build more than 20 billion square meters of commercial buildings and residences, which alone will require hundreds of millions of tons of steel. In addition, the expansion of industrial scale also needs steel as a support, so calculated, by the beginning of the next century, our annual steel output in China may soar to more than 500 million tons, which is definitely not an exaggeration.

We are a country with a lack of iron ore resources, especially the lack of rich iron ore, most of which are poor iron ore, with high smelting cost and low efficiency. If we want to achieve an annual steel production capacity of more than 500 million tons, the import volume of iron ore will be very large. With such a huge import volume, if all of them are in the hands of others, and people unite to raise the price, we will work for others in vain.

Based on this situation, the leaders of the Economic and Trade Commission pointed out that we must have our own iron ore resources overseas, and even if we cannot fully meet the import needs, we should at least be able to stabilize the ore price at a critical time. From the current point of view, the mining conditions are not ideal, and the cost is higher than that of iron ore in Brazil and Australia, but its advantage is that it can be in our hands, and at the same time, it can also drive the export of our domestic open-pit mine equipment, which is a good thing to kill multiple birds with one stone. The Economic and Trade Commission hopes that several large iron and steel enterprises, including Jianggang, will set an example and participate in the construction of the Piethig iron mine, which is not only to share the country's worries, but also to reserve resources for Jianggang. ”

Feng Xiaochen's mouth was full of tirade, and there was not even a stumble in the middle. He came out this time to persuade various iron and steel companies to take a stake in the Piesig iron mine, so this set of arguments was prepared in advance. In fact, these words are only his opening words, and he does not expect to use these words to convince the factory directors and managers of various enterprises that these people are human beings, and they cannot be moved by a few bold words.

Sure enough, after listening to Feng Xiaochen's words, Yan Delin smiled reservedly and said: "Mr. Feng said it too well, especially when he said that this move can not only share the worries of the country, but also benefit our Jianggang, this is in our hearts." Mr. Feng, regarding the participation in the construction of the Pitsig Iron Mine, we Jianggang will definitely be very active. However, we also have some practical difficulties, so we simply mention them to Mr. Feng here, and ask Mr. Feng to consider one or two. ”

Huang Ming and Zhou Mengshi both sneered in their hearts. They spread out their notebooks, unscrewed the caps of their pens, and began to prepare to record Yan Delin's "buts".

"Don't hide it from Mr. Feng, after receiving the notice from the Economic and Trade Commission, we specially organized production, supply and marketing, finance and other departments to conduct an in-depth analysis of this issue. All participants unanimously agreed that this policy decision of the Economic and Trade Commission is wise and very necessary for us in Jianggang. However, judging from the current situation, there are still many difficulties for us in Jianggang to go to Africa to develop iron ore, and if this matter can be postponed for about five years, it will be more calm for us. Yan Delin said.

Feng Xiaochen nodded and said, "Director Yan, you said that there are many difficulties, can you talk about them specifically?"

"Yes. Yan Delin was also fully prepared, he opened a small notebook, turned a page, and began to say: "First of all, the financial aspect is a big difficulty. The notice of the Economic and Trade Commission said that the total investment in the Pitsig iron ore mine is 500 million US dollars, and if it is distributed to our various steel enterprises, how can each of them have 70 or 80 million yuan?

Feng Xiaochen said with a smile: "This Director Yan doesn't have to worry. The US$500 million is just our offer to Gabbe in exchange for a 30% stake in the current proven reserves of the Pitsiger iron ore mine and exploration rights to unexplored areas. A large part of the $500 million can be offset by domestic equipment, and the domestic purchase price of domestic equipment is much lower than that quoted abroad, and there is no need to pay all foreign exchange, so the real foreign exchange expenditure is about 200 million US dollars at most. ”

"Mr. Feng, what do you mean when you just said that you don't need to pay all the foreign exchange for the purchase of domestic equipment? Isn't it true that we are completely paid for the purchase of domestic equipment in RMB?" Zhang Lin, director of the supply and marketing department of Jianggang, keenly grasped the mystery in Feng Xiaochen's words.

Feng Xiaochen explained: "Director Zhang, this issue involves the interests of some provinces and cities. Because the investment in the Pitsig iron ore mine can be offset by domestic equipment, it can save some foreign exchange for the country, but for the enterprises that produce these equipment, it was originally to earn foreign exchange through exports, but now it has become direct investment, and the foreign exchange income is gone, and the provincial and municipal management departments where they are located will definitely have some ideas. The idea put forward by the leaders of the Economic and Trade Commission is to make concessions to each one, and the steel enterprises will take out a part of the foreign exchange that was originally used to import iron ore and pay it to these equipment enterprises as their foreign exchange earnings. And because steel companies can get ore from Piesig Iron Mine, they don't need to pay foreign exchange, so they save more foreign exchange. ”

"However, the ore from the Pete Sig iron ore mine is about 30% more expensive than the Australian ore and Brazilian ore we import, and we still suffer a loss. Zhang Lin argued.

"We won't suffer a loss, we own the equity of the Piesig iron ore mine, and a part of the profits will be returned to us, so although the price of the ore is high, the fertilizer does not flow into the fields of outsiders, and we generally do not suffer a loss. Zhou Mengshi explained to Zhang Lin.

"The Pitsig iron ore mine is currently in the development stage and has limited capacity to fully replace our imports. Zhang Lin said.

Zhou Mengshi said: "That's why we have to seize the time to invest. We have calculated that if we can provide them with a full set of open-pit mining equipment, it will only take 2 years to form more than 50 million tons of new production capacity, which is mainly absorbed by us, and there is no problem to meet the needs of your enterprises. ”

"Two years ......" Zhang Lin dragged out a long voice, showing dissatisfaction, but he couldn't say any reason to refute it.

"Even if it doesn't involve foreign exchange, just pay in RMB, it's difficult. Zhao Zhenhao, director of finance, also joined the discussion, he said: "In recent years, the domestic steel market has been relatively hot, and we Jianggang also have some profits, which is true." But we owe too much debt in the past, the workshop needs to be renovated, the equipment needs to be updated, and the welfare of the employees needs to be improved, and some of the profits we have made so far have been almost spent. We really can't afford to invest 70 or 80 million US dollars, which is equivalent to 700 million yuan. ”

"So, how much can Jiang Gang afford?" Feng Xiaochen asked.

"This ......" Zhao Zhenhao was dumb all of a sudden, this doesn't seem to be a pre-written script.

The year before last, the state liberalized the prices of steel and other important means of production, and steel mills no longer need to produce at a loss according to the planned price, but can go with the market and set prices independently, and life is suddenly better. In the past two years, the scale of domestic infrastructure has expanded sharply, the demand for steel has soared, and most of the iron and steel enterprises, including Jianggang, have made a lot of money, which is very clear to the Economic and Trade Commission, so it will issue such a notice to the steel enterprises, so that they can take out a part of the profits to invest in Africa.

The amount of investment allocated by Jianggang is similar to what Yan Delin said, that is, 70 or 80 million US dollars, or nearly 700 million yuan. Of course, it is a little difficult to take out such a sum of money all at once, but it is not difficult to take it out in two or three years.

Zhao Zhenhao cried poor in front of Feng Xiaochen, with the mentality of letting Feng Xiaochen grab his pigtails. If Feng Xiaochen said that Jianggang was very profitable and it was not difficult to come up with the money, then Zhao Zhenhao would count the various expenses of the enterprise to him like the name of the dish, so as to block Feng Xiaochen's mouth. But who would have thought that Feng Xiaochen didn't seem to intend to dwell on the seventy or eighty million dollars, but directly asked Zhao Zhenhao how much money he could come up with, how could Zhao Zhenhao answer?

Saying that he can come up with 500 million yuan, what is the difference between taking out 700 million yuan and directly taking out 700 million?

said that he could only take out tens of millions of yuan, this kind of talk can't even coax children, how can Zhao Zhenhao say it?

"15 million US dollars, that is, 130 million yuan, this is our greatest ability. Yan Delin spoke, which was also discussed by them in advance, and there was still a little room for Feng Xiaochen to raise the price, and the final bottom line was $25 million.

"Can't there be more?" Feng Xiaochen asked as Yan Delin expected.

"More ......" Yan Delin looked embarrassed, looked at Zhao Zhenhao again, and asked, "Old Zhao, do you think we can have more leeway?"

Zhao Zhenhao said with a bitter face: "Director Yan, 130 million yuan is already a lot of pressure for us. This money was originally intended to be used to build a dormitory on the Xiwa side, but if it is invested in Africa, the construction of the dormitory will have to be delayed, and the logistics side may not know how to scold me!"

Yan Delin turned his head and said to Feng Xiaochen, "Mr. Feng, look at ......"

"Is it possible to have 20 million US dollars, that is, 170 million yuan?" Feng Xiaochen asked crisply.

"This ......" Yan Delin had another constipation-like painful expression, and then gritted his teeth and said, "18 million, no more." ”

"Well, it's 18 million. Feng Xiaochen didn't insist any longer, he made a gesture to Huang Ming and said, "Xiao Huang, you remember, Jiang Gang, 18 million." ”