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Text Chapter 272 The Goals of Huanya Mining

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    "It is not an easy task to develop the current Huanya Mining into a Huanya Mining Group. I can't give you support in other aspects. You need to do everything yourself. But the most important aspect is funding.  , I will give you considerable support, but in other aspects, you need to do it yourself." Liu Dong said.

    ¡°So boss, how much capital are you planning to inject into Huanya Mining?¡± Ren Dadao asked curiously.  Even Chen Zhihao didn't explain this issue to him clearly before, but when Chen Zhihao talked about this topic, he clearly saw Chen Zhihao's envious look.  This shows that the funds are definitely not small.

    ¡°According to Huanya¡¯s usual largesse, this capital must initially be at least two to three billion US dollars.  Didn¡¯t you see that Huanya Special Steel¡¯s initial funding was US$100 million?  However, Ren Dadao still underestimated Liu Dong's handiwork.

    It can make Liu Dong feel that there is too much money to spend, and he has to open a new subsidiary that is still very money-hungry at present. How can he spend two to three billion US dollars?

    Liu Dong gestured with a finger and said: "Our initial investment in Huanya Mining is one billion US dollars. If it is not enough, we may make additional investments. To do mining, you naturally need to be wealthy!"

    This is the advantage of having too much money and no place to spend it. You can spend one billion US dollars in one go to establish a new subsidiary. Even the large state-owned enterprises in China do not have this confidence.  Of course, this is also because Huanya Financial has gained too much from this stock market crash and has some indigestion.

    Liu Dong never considered that there would be so much profit before.  His previous expectation was only more than one billion, and that was only when the situation was very good.  If it's just a few hundred million dollars, that's pretty good.  But now that there is so much money, it is necessary to open new ways to digest it, and mining is such a project.

    Hearing Liu Dong¡¯s words, even Ren Dadao, who had always known that Huanya was wealthy, couldn¡¯t help but take a breath of cold air.  Because he, the vice president of the head office, probably knows a little bit about Huanya's economic situation.

    It¡¯s true that Huanya is very wealthy, but it definitely doesn¡¯t have that much available liquidity.  Although there is a cash cow in Japan, looking at the current market situation in Japan, there are obviously opportunities to make more money. It is impossible for Liu Dong to be so short-sighted as to withdraw Japanese funds in order to forcefully start a new project.

    Thinking back to the stock market crash a few days ago, Liu Dong, the chairman of the board, who has been sitting at Huanya Financial during this period, and Chen Zhihao's leaked words, Ren Dadao knew that his boss would definitely be affected by the US stock market crash this time.  I made a lot of money, and it was still a very generous sum.  Otherwise, the boss would not be so wealthy that he would inject an exaggerated figure of one billion US dollars into Huanya Mining in one breath.

    Although Ren Dadao is also very curious about how the boss and the others make money.  But since the boss didn't tell me these things, he shouldn't get too curious.  In the company, you will definitely let yourself know what you should know, but don't worry too much about what the boss doesn't want you to know. This is the duty of a subordinate.  For managers like them, curiosity should be thrown away.

    Therefore, Ren Dadao did not ask where the money came from, but said directly: "One billion U.S. dollars? That's a lot. Boss, do you have any specific views on the use of this money?"

    Even in the mining industry, one billion US dollars is not a small amount, especially when the value of resource companies is sluggish, there is even more room for development.  The boss invested so much money, obviously not to let them live in Huanya Mining, but to do something drastic.

    So, there is a question, that is how to spend the money.  Although they are all mining, and they are divided into many types, the general classification is that, either you need to acquire the most abundant mineral resources, or you need to cooperate with those large mining groups and buy shares in their mines.

    If we develop high-end mineral resources, one billion US dollars can buy many primitive mines that have not yet been developed. If we are lucky enough to get a super large mine, the income will definitely be considerable. Even if the price of mineral resources is low now, if the mineral resources  It has great advantages in itself and can also make up for the disadvantage of low prices.

    But there are certain troubles in doing so, that is, although the Huanya Mining Department has been established for several years, it does not have that much experience in mining mining resources because it did not invest much in the past.  If you rush into so many mines without professional experience, you will be at a disadvantage in this industry.

    And if you invest in mines that have been mined by other large mining companies, although the price will be higher, the advantage is that it saves time and effort. Others already have a set of mature management experience, and the areas where Huanya needs to contribute will be much smaller.  This will prevent problems from occurring when mining new mines

    In short, both methods have advantages and disadvantages.  How to do it specifically depends on Liu Dong, the big boss, to come up with an idea.  As long as Liu Dong has clear opinions, the next thing will be much easier to handle.

    After hearing what Ren Dadao said, Liu Dong said: "I plan to do this. We will not only invest in those mature mining groups and their mines, but also build our own framework. Those whose specific reserves have not yet been proven  We also need to do minerals, even if they are kept as reserves, they can be put to use after the economy recovers in a few years."

    "Then where is our focus?" Ren Daodao continued to ask.

    "Our initial focus should be on learning from the successful experiences of mature foreign mining groups. For example, companies like Rio Tinto and BHP Billiton, although their backend John Bull is not very easy to deal with, in recent years  Their profits are very small, and they have even been operating at a loss. As long as we use money to open the way, they will not deny us face for the sake of money. When we have learned enough from experience, we will try to  Exploit some newly discovered minerals and accumulate our own experience. In this way, even if the steps are a little bigger, the foundation will not be unstable." Liu Dong said.

    "In other words, although we purchased undeveloped minerals in the early stage, we did not regard these as our main work. It was equivalent to enclosing the land first and then developing it. When we have enough experience ourselves,  We will only take action on our own minerals after gaining strength. The previous purpose was to learn." Ren Dadao said thoughtfully.

    "Yes, that's it. We want to borrow their basket to hatch our own eggs. Of course, if we can buy as many shares of those large mining groups as possible, we must not be stingy. Anyway, the mining industry is not yet in sight.  At the dawn of hope, many mining bosses have been dragged to death. And those mines are actually far lower than their actual value. This is a good opportunity for us to take action. We have to wait until the global economy recovers before we want to find  It¡¯s not easy at such a good time,¡± Liu Dong said.

    Hearing Liu Dong's words, Ren Dadao said: "Boss, since you have such a clear goal, I won't say more. In the current mining market, one billion US dollars of capital have been invested at once. This strength,  It can no longer be said to be very weak. I believe those people will succumb in front of such a huge flow of funds."

    "If it were placed ten years later, Ren Daodao's words would definitely make many people laugh.  Even though one billion U.S. dollars seems like a small amount, when it comes to mining, it's not much at all.  Twenty years later, a jadeite mine in Myanmar would be worth more than one billion U.S. dollars.  What's more, in the entire mining industry, one billion U.S. dollars is really nothing.

    But in this year and month, Ren Dadao will let out the news that he has one billion US dollars and is preparing to acquire mines or invest in mining groups.  Even the three major iron ore manufacturers cannot ignore him.

    Although the actual value of any iron ore company, whether it is Rio Tinto, BHP Billiton, or even Brazil's Vale, far exceeds one billion U.S. dollars, if you take out an iron ore company alone, it is at least a few hundred dollars.  billion dollar industry.

    " However, only when there is a market for ore can you sell it at a reasonable price. The global economy is currently in recession, and the mining industry is also the hardest hit area in this U.S. stock market crash.  When there is no business, even if the diamond cannot be sold, it will just sit there and cannot be exchanged for cash.

    ????????????????????????????????? If a company has no working capital and cannot afford to pay its employees, it will be useless even if it is holding on to gold and silver.  The current mining industry is in such an awkward position.

    If those ores can be sold and there is a market to eat them, then these ores are equivalent to money.  Now, although the value of these ores is indeed so high, because there is no market to eat them, supply exceeds demand, which will cause these ores to be unsaleable.  Although these ores are equivalent to money, they are not money after all.  When you usually buy something, you can't just put two pieces of raw iron ore or gold ore in your pocket and buy it back.

    In such a big market context, even one billion US dollars is not a small sum for those companies that are waiting to survive the current economic downturn.  As long as they can hold on, those companies will not be dragged down by their own mines.  Therefore, Ren Dacai said that investing one billion US dollars in mining can be considered a powerful force.

    Since Ren Dadao is so confident, and Liu Dong himself is also very confident in Huanya Mining, the appointment of this job is almost finished.  The next thing is for Ren Dao to take office.

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