Barnett's reference to "economic reality" has three implications.

First, Western Australia is a huge contributor to the Australian economy. The state contributes 44% of Australia's exports, equivalent to the combined exports of New South Wales, Victoria and Queensland, and the share is still increasing.

Second, Western Australia has benefited greatly from China, and the economic and trade relations between the two sides have become increasingly close. 60% of Australia's exports to China originate in Western Australia, and 80% of China's huge investment in Australia is located in Western Australia.

Third, the Australian federal government did not fully recognize the shift of Australia's economic center of gravity and the important economic status of Western Australia, but instead restricted Western Australia in terms of mineral tax and carbon tax, intensifying the contradictions between the two sides.

Barnett's remarks were immediately greeted with boos, with some analysts criticizing Barnett for his "separatist" tendencies. Some have also tried to attribute Australia's current economic imbalance in the mining boom and the sluggish manufacturing sector to its trade relations with China, and some trade unions have even openly demanded anti-dumping duties on goods from China and other Asian countries to protect local industry and commerce.

Yang Peiqi smiled and said: "The old man looks very honest, I didn't expect it to be so cute, and his ambition is not small." However, it is a good thing to be ambitious, and if we help him, we may be able to get an Australian prime minister! ”

Yang Peiqi said that Barnett was cute, in fact, because of his remarks. If ordinary people say that, people won't care. But as a politician, as the governor of Western Australia, Barnett's frank and outspoken words are a little inappropriate. Because he inadvertently ignored the big chess game of Sino-Australian economic and trade relations, it is easy to give people the illusion that Huaxia seems to be only interested in ores. Only interested in Western Australia. Obviously, this is not in line with the "economic reality" of mutually beneficial and win-win cooperation between Australia and China.

However, Yang Peiqi is also very clear that although Barnett has been in charge of Western Australia for several years, his status in Australian politics is still not high. Whether it's the two giants of Gillard and Rudd in the Labour Party, or Tony of the opposition coalition. Abbott has a stronger influence in Australia than him.

Of course. That doesn't mean Barnett doesn't have a chance at all. Because now Gillard, Rudd and Abbott are in the midst of a fierce battle, and the so-called killing of one thousand enemies will cause eight hundred self-losses, and when they are all defeated. Maybe it's Barnett's chance.

Although Barnett is not good-looking, in the past few years when he has been in charge of Western Australia, the speed of development in Western Australia is obvious to all. If in the next year or so, Barnett can take the development of Western Australia to the next level. If you make your achievements dazzling. I believe that voters are also more interested in a new face of the leader.

In any case, Barnett still has a certain chance to take the position, and the most critical question is whether Yang Peiqi's investment in Western Australia can really give him the political capital to make a big comeback.

After all, although the current international demand for iron ore is very hot, it is monopolized by the three giants of Liangtuo and Vale, and other mining companies, especially some small mining companies. It's all about surviving in the cracks.

In this case, Explorer Mining will operate the mine to what extent. Everyone is still holding a wait-and-see attitude, and no one knows what the situation will be in the future?

However, in order to cooperate with the listing of the stock in Australia, Yang Peiqi threw a big bomb that had been prepared for a long time, and he instructed his subordinates: "Now, it is time to throw out the iron ore procurement contract signed with Hangcheng Iron and Steel Group!" ”

In fact, in March, it has been listed on the Hong Kong Stock Exchange by backdoor, and in the past less than a month, the stock of Explorer Mining has risen more than seven times, and Explorer Mining has also received a lot of funds. But now it seems that the use of funds is still a bit beyond our means.

The most critical problem is that Explorer Mining has emptied a large part of the funds through various means, and turned to the stock futures market to make profits, and has purchased a lot of real estate around the world for investment, so now Explorer intends to list on the Sydney Australian Stock Exchange and continue to raise some funds for the later construction of the mine.

However, for listed companies, the dual listing is also a double-edged sword, which may not only raise funds for themselves, but also may cause investors to be extremely distrustful of the company, so that no one responds to the additional issuance, and finally leads investors to vote with their feet, and the additional issuance fails, which has been precedent before.

Because investors are not stupid, they know very well that if the company expands without restrictions, its purpose is obviously to make money, but everyone needs to understand whether the company's future performance is enough to support the additional issuance, if the unlimited additional issuance is not supported by performance, it can only bring the consequences of the stock price plummeting.

Unless, behind the scenes, there is a driving force that can make the company's profitability grow strongly to promote the additional issuance, but this kind of thing is often inside information, and it is difficult for ordinary investors to get it in the first time.

The reason why Barnett is worried about Yang Peiqi's mess is that he is worried that his unlimited additional issuance will bring down the explorer mining company, and when the time comes, the investors will make a profit, pat their butts and leave, leaving a mess to leave here, which will greatly damage his prestige, leaving him with a bunch of investors who protest claims all day long to make trouble outside the state government.

Yang Peiqi naturally has a solution, and his solution is the iron ore procurement plan reached between Donghai Province and Explorer Mining.

After Zhu Huanlin told her father Zhu Mingkun about this, Zhu Mingkun reported the matter to Donghai Province No. 1, and then Donghai Province asked the Donghai Provincial Steel Association to come forward and sign an agreement with Explorer Mining to purchase 40 million tons of iron ore per year. This agreement is a big change from the original plan proposed by Yang Peiqi, that is, the annual supply volume of Explorer Mining will be increased to 40 million tons, and the supply price will be 90% of the market price.

In other words, no matter how low the market price drops or how high it rises, the price at which Explorer Mining provides iron ore to iron and steel enterprises in Donghai Province is 90% of the market price.

The contract is valid for 10 years, starting from the day Explorer Mining began supplying iron ore to iron and steel companies in Donghai Province. In other words, this is actually a huge order with a total volume of 400 million tons.

Originally, Zhu Mingkun wanted to purchase a larger amount, but Donghai Province is not a large steel province, and there are no extra-large steel enterprises in the province, that is, the scale of Hangcheng Iron and Steel Group is slightly larger, but it is only about 20 people in the Huaxia iron and steel industry, so the demand for iron ore in Donghai Province is actually not large. This annual supply of 40 million tons is almost two-thirds of the iron ore consumed by all iron and steel enterprises in Donghai Province in a year.

Although this contract is not worth mentioning for China's total annual imports of 6 or 700 million tons, it is very important for Explorer Mining.

The 20 million tons of output does not allow Explorer Mining to be on an equal footing with the three major iron ore giants, and it is far from FMG, which only shows that Explorer Mining has opened a gap in the mainland market in China, and the future development prospects are very good.

But this time this time it is different, and the purchase of 40 million tons of high-quality iron ore per year can be said to directly make Explorer Mining have to expand its production capacity at least twice, which gives the company sufficient reasons to further raise funds from the market and rapidly expand production capacity.

Since the product is produced, there is no need to worry about sales, so it is a matter of course for the stock issuance to achieve capacity expansion, and the ten-year purchase and sale contract is enough to ensure that the interests of investors are not damaged.

After learning about Yang Peiqi's refinancing plan, Barnett finally felt a lot more relaxed, as long as Explorer Mining Company continues to develop iron ore in Western Australia, it will bring great benefits to the state government, and will make his political achievements more dazzling, and support himself to stand out in the next prime minister's election and fight for a place.

As for whether there is an element of malicious money, Barnett believes that there should be, otherwise the billions of Australian dollars that were previously listed in Hong Kong would not have been able to make ends meet so quickly?

Although Explorer Mining Company has been building railways and ports, and is also investing heavily in the construction of mines and ore selection fields, and the purchase of various large-scale mining equipment, everyone knows that although these projects are costly, it is impossible to consume all the funds raised.

Explorer Mining is listed on the same shares in Hong Kong and Australia, in what is known as a "secondary listing", or Yang Peiqi sold his shares twice.

However, Yang Peiqi did not issue many shares on the ASX this time, only about 30% of the total share capital in Hong Kong, that is, about 100 million shares, and the expected value is to raise 300 million Australian dollars.

The reason why there are not too many additional shares, in fact, there is also some consideration, the second listing of this problem, not only to obtain a certain amount of cash flow, often can also play a role in improving the stock price, once we find that the prospect of the explorer mining company is good, and the number of additional shares is not much, you will realize that this is a rare opportunity, since the new shares are hard to find, then only continue to collect circulating shares in the market. (To be continued......)

PS: I just found out that I actually made a very double mistake, that is, I made chapter 146 into chapter 147, so that there were two chapters 147. However, this does not affect everyone's subscription and reading.