Chapter 457: Fan Heng wants to open a mine overseas
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After all, there are many experts in the study of economic policy in China, and many of them are high-level government think-tanks, although these people may not be able to anticipate the enemy's opportunities and know the economic trend like him, but from the theoretical level, it is still a set of sets.
At least he himself listened to a discussion and thought a little more.
"We'll dine together later." After the meeting ended, Boss Zhu patted Fan Wuxi's shoulder and said to him.
Fan Wuxian nodded, and then went to find his father Fan Heng.
Fan Heng was greeting several committee members, after all, stepping into this vice-national leadership circle, some things are qualified to participate, and the weight of his vote has also become heavier.
Seeing Fan Wuxian coming over, the committee members greeted him with a smile, said a few words with envy, and then went to the restaurant next to the conference room together.
It seems that everyone is highly concerned about the current economic situation, especially about the recent Southeast Asian financial crisis, and they are also very cautious about the recent economic situation in China.
Fan Wuxian walked with his father Fan Heng and Boss Zhu and other members of the Standing Committee, and he acted as the secretary very quickly, helping several people fill the plates with food, and then gather at a table to eat.
Several members of the Standing Committee are high-powered, and they usually don't make much noise when they eat, but Fan Wuxian has no taboos, and directly discussed the recent development of Jiangnan Province with his father Fan Heng.
"The problem weaving industry in Jiangnan Province has been integrated a lot, and now it is the turn of the metallurgical industry to integrate, and we are currently planning to introduce the first opportunity for technical equipment, while engaging in independent research and development according to the actual situation, and come up with some fist products." Fan Heng said to his son.
The current situation in the southern province. It's much better than when Fan Heng first came. One is that tens of billions of holes have been almost filled, and the other is that Fan Wuzhi brought him land, and those interest-free loans have played a great role. It can be used in the restructuring of some highland industries with quick returns.
The textile industry has been cooperated by Jiangnan Textile Mill and Fan disease-free land debt-to-equity swap. It has achieved very significant results, and families have followed suit. Engage in strong and strong alliances. The situation is very good. Exports to foreign countries have also begun to increase dramatically.
And in terms of the metallurgical industry. There are still some problems at this point. 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 ordinary metal materials need to be produced. The size of the market and profitability are subject to great constraints.
"At present, we have consulted a lot of experts and enterprises in the province. Everyone agrees on the development of special metal smelting technology. and the construction of some large-scale ground metal rolling equipment. The production of the current domestic blank land products. It is the only way out of the predicament of the metallurgical industry in Jiangnan Province. Fan Heng said to Fan Wuxi. We also learned about a situation. It is the Australian side that is currently opening up the right to operate the mine. We'd love to go over and buy a couple of bonanzas. In order to reduce the cost of raw materials. ”
Fan Wuxian laughed after hearing this. "You have a good idea. However, the Australian metro mine is not so good, and the acquisition land is very tight in the Japanese. And Australia's local forces are not much exclusive to the Chinese. But now China has just reclaimed sovereignty over Hong Kong as a member of the British Commonwealth. Naturally, there is some psychological imbalance. ”
Australia covers an area of 7.68 million square kilometers and has a population of less than 20 million people. After World War II, the manufacturing and mining industries developed, making Australia a developed capitalist country with one of the highest GDP per capita in the world.
The Pilbara region of Western Australia, Australia, is rich in ironstone reserves, claiming to have reserves of 32 billion tons, but the region is short of water, the deep processing of mineral products is restricted, and most of them are exported as raw materials, and the Australian government also encourages exports with preferential policies. In 1987, the Sino-Australian joint venture to develop Chana iron with an annual output of 10 million tons, the cooperation was smooth, the project was successful, so Australian iron ore is still a good object of cooperation.
Although China is one of the countries with relatively rich iron ore resources, and its reserves rank fifth in the world, China's iron ore resources are of low grade, resource distribution and control are very scattered, and the mining cost is high. In contrast, Brazil, Australia and other countries, iron ore resources are concentrated, ore grade is high, plus transportation and shipping costs, the combination is still dominant. Domestic iron ore resources are congenitally insufficient, and if you take into account issues such as resource taxes and fees, it is 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 increasing the resource tax accounts for a relatively large proportion, and compared with the relatively low resource tax of other minerals, the increase of the iron ore resource tax is high, which has a greater impact on enterprises. Secondly, the compensation fee for mineral resources also duplicates the resource tax to a certain extent, 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 cost of enterprise social management and subsidence area management, reclamation, tailings pond and so on. In particular, many domestic metallurgical mountain enterprises are old enterprises, most of them were built in the fifties and sixties of the last century, and some of the main equipment of the enterprise has been seriously aged, low efficiency, high consumption, and generally located in the deep mountains and valleys, there is no city as the backing, and the additional costs borne by the enterprise itself basically account for a quarter of the total cost of the mine.
The above factors have led to an annual increase of about 30 percent in the cost of metallurgical mining enterprises.
Comparatively speaking, the tax policy of foreign mining enterprises is relatively mature.
In some resource-rich countries, the tax burden of iron ore mining enterprises is relatively low, and the tax setting takes special consideration into the characteristics of mining enterprises and pays attention to the support for the sustainable development of mining enterprises. From the perspective of tax structure, the special taxes and fees of foreign mining enterprises are mainly composed of four categories: royalties, depletion subsidies, resource rental taxes, and fees related to mining rights, which are relatively simple and relatively small. The most important fees for foreign mining enterprises are application fees and rental fees, which are generally only charged by most countries.
In Australia, the royalty tax of Australian iron ore enterprises is paid according to the sales value, concentrate is 5%, crude ore is 7.5%, fine ore is 5.6%, pellets are 5%, and special agreements can even be set up for individual enterprises. At the same time, Australia also enjoys preferential tax treatment for mines located in remote areas.
Australian iron ore producers are burdened with less than half the level of domestic corporate taxes.
But there is one thing, that is, the mines that have been developed in Australia are basically controlled by the British, and the relationship between these guys and China is relatively stiff, and they often deliberately set up some obstacles, which is very troublesome.
Jiangnan Province is also because of some experience in the past, so at this time Australia opened the right to operate mines, they thought of going there to open their own mines, happy to have a smooth profit, or to meet their own needs at the same time, they can also sell to make money.
Fan Wuxian himself is also playing the idea of Rio Tinto and Bihebi, 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 the two extensions, the right to speak is still there, if the two extensions increase the price, then he is the beneficiary, if the two extensions reduce the price, he can achieve the purpose of monopolizing the market price through the shareholder rights to buy a large number of iron ore, it can be said that it can be attacked and retreated, and it is absolutely not a loss.
However, when Jiangnan Province was ready to open a mine on its own, he was also in favor of it.
After all, the mine with its own sole equity, although the process is more troublesome, but it can have the right to make independent decisions, and it can also have a certain impact on the price of the two extensions, so that the investment in this mine should not be too small, otherwise it will reflect its strategic significance.
In the face of the increasing concentration of iron ore resources, many international steel companies have been involved in iron ore mining, trying to inject shares into iron ore mines, or acquire new mineral resources. China's steel production is growing rapidly, iron ore demand is also tight, if China's iron ore dependence on foreign countries will be further enhanced, then, China's iron and steel enterprises will continue to weaken the international mine price negotiation power.
China is the world's largest steel producer, and to a certain extent, it dominates the interest chain of the world's steel industry. However, on the one hand, the import volume of iron ore is still maintaining rapid growth, on the other hand, the opponent's resource chips are getting bigger and bigger, and the contradiction between the two is very prominent, which directly leads to domestic steel production being subject to international iron ore supply.
With the gradual development of the earth's resource reserves, the recoverable resources are gradually reduced, and the constraints on iron and steel enterprises will be stronger in the future. A hundred years later, or even within a few decades, there will be a large number of iron and steel enterprises that started with their own ores because they cannot survive because of the hollowing out of resources, and a large number of non-mineral iron and steel enterprises will lose money because of the high cost of raw materials, and even go out of business.
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, which will make it more difficult for steel companies to survive. Therefore, reasonable control of iron ore resources is a necessary measure for the sustainable development of China's iron and steel enterprises.
Therefore, the idea that his father Fan Heng said that Jiangnan Province hopes to enter overseas mines, Fan Wuxian feels that it is still very forward-looking, at least this is a good start.
The control of resources should not be relaxed at any time, whether they are Chinese or foreign.
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