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In the conference room
"As far as we know, Mr. Forrester, your gambling-like investment has caused fmg to be heavily in debt. If you can't introduce a large amount of capital injection, the result will be disastrous."
Hao Wei didn't care about Cairns Forrest's ugly face, and talked freely;
"The first phase of the project includes ultra-large-scale open-pit mines, astonishingly large-scale mining equipment, and the construction of a 400km-long railway line, which must reach an annual transportation volume of 100 million tons.
At the seaside wharf, construction is needed, um, a 10-square-kilometer iron ore storage yard at Cape Anders, and a brand-new Port Hedland.
If sufficient funds are invested, it is indeed possible to produce the first shipment of iron ore in the fourth quarter of 2016, which will alleviate the imminent funding problem of fmg.
Once the construction period is delayed, even a fool can see that the invested funds will increase exponentially.
? According to the calculation of senior engineers;
Completing such a large-scale construction will cost far more than 3.75 billion Australian dollars. The minimum construction cost is 5.5 billion Australian dollars, and it may be 8 to 10% higher than this.
All of this is based on sufficient funds, and it is impossible for such a huge amount of investment to be borne by the Royal Family Fund, so I would like to ask, how much money are you going to invest?"
The atmosphere in the conference hall fell into silence, and Cairns Forrest's face was somber that he was about to drip. He knew that although the other party's question was sharp, it basically did not deviate from the core of the question, and it was not intentional to make things difficult.
But these words sounded very harsh to him, and even worse.
The reason is very simple ~ the company is insolvent and has no money in hand.
"You have only seen the surface of things. The economy of the ancient Chinese country in the far east is taking off. They can eat as much iron ore as they produce, and they don't have to worry about sales at all.
The resource-rich Pilbara region is the perfect seller for this deal and we are sure to achieve historic success.
Believe me, this investment will bring you huge benefits. Every penny invested now can reap tens of dollars in benefits in the future.
What we have to do is to cooperate sincerely, start this big project together, and follow him to the glory of life"
Cairns Forrester tried his best to encourage the Hong Kong guests, waved his arms vigorously to encourage the momentum of the speech, and tried to infect the other party with his passion, but unfortunately the results were minimal.
"Hmmsorry, we still want to ask, how much money will your fmg company invest in the future?"
"Can you stop bringing up this damn topic? We are talking about a big project that is enough to shock the world. This is enough to change the pattern of the world's bulk resources. You are witnessing history."
"Okay Forrest, let's talk about how much money you have left?"
Cairns Forrest almost went crazy, and shouted: "Damn it! This is such a grand development plan, it will change the whole world, don't you all feel a little bit excited?"
"A minimum construction cost of 5.5 billion Australian dollars is required. Once the project is delayed, the construction cost will rise rapidly. Please don't ignore this critical issue. We cannot carry 20 pounds of ore 400km away."
Hao Wei spread his hands and continued to hit the opponent's self-confidence; "All of this requires a huge amount of capital investment, and we can't just rely on our investment. The biggest problem now is that fmg company has no money."
"We can borrow, we can raise funds, and we can find more partners to invest together and share this rare historical opportunity."
"Forrest, fmg is now insolvent, no bank is willing to lend a large amount of money, let's face it, fmg does not have the strength to leverage such a large project, spending 5.5 billion Australian dollars in construction in a year and a half Cost, if the construction period is delayed, the construction cost will quickly soar to 7 billion Australian dollars or more, and the huge debt will definitely overwhelm the project."
"We can find more partners to share the capital cost. As long as the iron ore is produced, Huaxia has enough appetite to eat it all, and all problems will be solved."
Cairns Forrest has the genes of an adventurer flowing in his bones, and he has a taste of not turning back without hitting the south wall.
Many company executives present were silent, and it could be seen from the dignified expressions on their faces that they were also extremely pessimistic about the prospects of this project.
the reason is simple
fmg company does not have enough strength to develop this huge project. According to previous decades of experience in the field of mineral resources, the profit margin of the iron ore industry has never exceeded 10%.
hugeThe chairman of the board of directors, Wang Yaocheng, went to the Pilbara region of Western Australia in person, and had frequent contacts with local councilors and high-level government officials. He said that he was extremely optimistic about the investment prospects in the region and was willing to invest heavily in the mining industry to promote employment and economic development in the region.
High-level government officials in Western Australia expressed their strong support and unanimous optimism for this, saying that they will give strong support to the introduction of foreign workers to Australia for visas, employment, and settlement, application for government preferential loans, and improvement of supporting water, electricity, and transportation infrastructure.
The iron ore companies acquired and integrated by the Royal Family Fund are all concentrated in the North Pilbara region. After the integration, they have 130,000 square kilometers of prospecting rights, and the proven iron ore resources have reached 7.7 billion tons, forming an astonishingly large-scale super company. large iron mining companies.
The vast Pilbara region of Western Australia is a truly barren land. In this red land, there are endless iron ore resources.
The land here is vast and sparsely populated, and the permanent population in the North Pilbara area is less than 10,000. If you want to carry out large-scale development, you must import a large number of professional labor from abroad, from mine excavators, mine truck drivers, and mining equipment use and maintenance. From personnel, welders, plumbers, carpenters to domestic service workers, almost all industries are short of workers.
Here, the entertainment life is poor, and when you go out, you can see the endless crimson wasteland.
Don't expect economically developed East Australian residents to come and work here. No matter how much money you give, it is impossible. If you want to develop the economy of Western Australia, you can only attract foreign workers to come to work and settle down.
For the top government officials in Western Australia, being able to attract the world's top Wang's consortium to develop resources is simply a blessing in disguise.
This is crucial to accumulating political achievements, attracting voters and even expanding Western Australia's voice in the Australian federal government, and accumulating political capital.
Therefore, do everything possible to support it in terms of policy. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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