At this economic seminar, Fan Wubing also gained some of the experts who studied economic policies. There are a lot of people who are think tanks at the top of the government. Although these people may not be able to predict the enemy's initiative and know the economic trends like him, they can analyze problems from a theoretical perspective, and they are still a set of things.

At least he had listened to a seminar and thought a little more.

"We'll have a meal together later." After the meeting, Boss Zhu patted Fan Wubing on the shoulder and said to him.

Fan Wubing nodded and then went to find his father Fan Heng.

Fan Heng was greeting several members. After all, he entered this vice-national-level leadership circle and was qualified to participate in some things, and his vote was also heavy.

Seeing Fan Wubing coming, the committee members greeted him with a smile, said a few words with some envy, and then went to the restaurant next to the conference room together.

What we prepared here is a buffet, which is very convenient. The members and the Standing Committee each picked some food they liked to eat, then found a seat to sit down, and discussed the content of today's meeting while eating. It seems that everyone is highly concerned about the current economic situation, especially the Southeast Asian financial crisis, and is also very cautious about the recent economic situation in China.

Fan Wubing walked with his father Fan Heng and Boss Zhu and other members of the Standing Committee. He quickly acted as the chief of staff, helping several people fill the plate with food, and then gathered on a table to eat.

Several members of the Standing Committee were all in high positions and had no say in their daily lives. However, Fan Wubing had no taboos and directly discussed the recent developments in Jiangnan Province with his father Fan Heng.

"The problem weaving industry in Jiangnan Province has been much integrated. Now it is the turn of the metallurgical industry to integrate. We are currently planning to introduce advanced technical equipment while conducting independent research and development based on actual conditions and bringing out some flagship products." Fan Heng said to his son.

The current situation in southern province is much better than when Fan Heng first came to the area. One is that the holes in the land of tens of billions of yuan have been repaired. The other is that Fan Wubing brought him the interest-free loans to him play a big role. They can be used to reorganize some highland industries with quick returns.

After Jiangnan Textile Factory and Fan Wubing’s debt-to-equity conversion cooperation, the textile industry has achieved very significant results. The company has followed suit and launched a strong alliance. The situation is very good. Exports to foreign countries have also begun to increase dramatically.

In the metallurgical industry, there are still some problems at this time. The most important thing is that the quality of domestic subway ore is not high. Some special metal materials are produced without meeting the requirements and ordinary metal materials are required. The market size and profitability are greatly restricted.

"At present, our province has solicited opinions from many experts and enterprises. Everyone believes that the development of special metal smelting technology and the construction of some large-scale ground metal calendering equipment to produce current domestic blank land products is the only way out for the metallurgical industry in Jiangnan Province to get out of the dilemma." Fan Heng said to Fan Wubing. "We also learned a situation that Australia is currently opening up the mine management rights. We really want to acquire several rich mines in the past to reduce the cost of raw materials."

Fan Wubing laughed after hearing this. "You have a good idea. However, the acquisition of Australian subway mines is not so easy. The Japanese are very close to the Japanese. Although the Australian local forces do not reject the Chinese. But now China has just taken back Hong Kong's sovereignty, Australia as a member of the Commonwealth. Naturally, it is a bit psychologically unbalanced.

”

Australia has a population of less than 20 million in 7.68 million square kilometers, and was originally dominated by agriculture and animal husbandry. After World War II, manufacturing and mining industries have developed, making Australia a developed capitalist country with a per capita GDP of the world.

The Pilbara region of Western Australia, Australia has rich iron and stone reserves, claiming to have 32 billion tons of reserves, but the region lacks water, and the deep processing of mineral products is restricted, and the export of raw materials is mostly based on preferential policies. In 1987, the Sino-Australia joint venture developed by the Chana iron was a scale of 10 million tons per year. The cooperation was smooth and the project was successful. Therefore, Australian iron ore was still a good partner.

Although my country is one of the countries with relatively rich iron ore resources and ranks fifth in the world in terms of reserves, my country's iron ore resources have low grades, resource distribution and control are very scattered, and mining costs are high. In contrast, Brazil, Australia and other countries have concentrated iron ore resources and high ore grades. In addition to transportation and shipping costs, they still have an advantage. Domestic iron ore resources are inherently insufficient. If you consider the resource taxes and fees, it is even more difficult for domestic ore to compete with international giants in terms of cost.

Due to the low value of iron ore commodities, the cost of increasing resource tax accounts for a large proportion. Compared with other minerals, the resource tax is relatively low.

Higher ones have a greater impact on enterprises. Secondly, the compensation for mineral products resources is also duplicated with resource tax, increasing the burden on mines.

In addition, metallurgical mining enterprises also need to bear a lot of social public expenditures, such as enterprise management of social operations and collapsed areas, reclamation, tailings ponds, etc. In particular, many domestic metallurgical enterprises are old enterprises, most of which were built in the 1950s and 1960s. Some enterprises have severely aging equipment, low efficiency and high consumption, and are generally located in deep mountains and valleys. Without a city as a support, the additional expenses borne by enterprises themselves account for one-quarter of the total mining expenses.

The above factors have led to the increase in the cost of metallurgical mining enterprises at a rate of about 30% per year.

Relatively speaking, the tax and fee policies of foreign mining enterprises are relatively mature.

The tax burden level of iron ore mining enterprises in some resource-rich countries is relatively low. The tax and fee setting takes into account the characteristics of mining enterprises and pays attention to the support for the sustainable development of mining enterprises. From the perspective of tax and fee structure, the special tax and fee of foreign mining enterprises mainly consists of four categories: premiums, exhaustion subsidies, resource rent tax, and mining rights-related charges. The types are relatively simple and the quantity is relatively small. The main expenses of foreign mining enterprises are application fees and rental fees, and most countries generally only charge these two fees.

In Australia, the premium tax of Australian iron ore enterprises is paid in grades according to sales value, with concentrates being 5% at 7.5% at coarse ore, powder ore being 5.6% at 5.6% at pellets being 5.5%. 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 have a burden of less than half of domestic corporate taxes and fees.

But one thing is that the mines that have been developed in Australia are basically controlled by the British. The relationship between these guys and China is relatively stiff, and they often deliberately set up some obstacles, which is very troublesome.

Jiangnan Province has also experienced some experiences in the past, so Australia opened its mining management rights at this time. They thought of going there to start mining on their own, and they were happy to have a smooth life, or they could also sell and make money while meeting their needs.

Fan Wubing himself is also playing Rio Tinto and BHP. However, he slowly collected chips from the stock market in order to achieve control over the two Tuo. After several years of layout, this work has made good progress. At least he has become the third largest shareholder of the two Tuo, and he still has the right to speak. If the two Tuo raises the price, he will be the beneficiary. If the two Tuo lowers the price, he can purchase a large amount of iron ore to achieve the purpose of monopolizing the market price through shareholder rights. It can be said that he can attack and retreat or defend, and he will never suffer any loss.

However, when Jiangnan Province was preparing to go to mine on its own, he also agreed.

After all, although the process of owning a mine with its own shares is a little more troublesome, it can have the right to decide and can have a certain impact on the prices of the two draws. In this way, the investment in this mine should not be too small, otherwise it will reflect its strategic significance.

Faced with the increasingly concentrated iron ore resources, many international steel companies have intervened in iron ore mining and tried every means to inject shares in iron ore or acquire new mineral resources. China's steel production is growing rapidly and the demand for iron ore is also tight. If China's dependence on iron ore will further increase, then the voice of Chinese steel companies in international ore negotiations will continue to weaken.

China is the world's largest steel producer, which to a certain extent influences the interest chain of the world's steel industry. However, on the one hand, the import volume of iron ore is still growing rapidly, and on the other hand, the opponent's resource chips are getting bigger and bigger. 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 and the reduction of recoverable resources, the constraints on steel enterprises will be stronger in the future. In a hundred years, or even within a few decades, a large number of steel enterprises that started with their own ores will not survive because of resource gouging, and a large number of mineless steel enterprises will lose money due to excessive raw material costs and even go bankrupt.

As the competition for interests intensifies, iron mining giants are likely to use their resource advantages to enter the steel industry or merge steel companies, and steel companies will be more difficult to survive by then. Therefore, reasonable control of iron ore resources is a necessary measure for the sustainable development of Chinese steel companies.

Therefore, Fan Wubing thinks that the idea that Jiangnan Province wants to enter overseas mines as mentioned by his father Fan Heng is still very forward-looking, at least this is a good start.

Control of resources should not be relaxed at any time, regardless of whether the resource belongs to China or foreign.
Chapter completed!