MTL - The Black Technology Chat Group of the Ten Thousand Realms-Chapter 481 Ore price war

When Guangtu Mining confirmed Sheng Wenyan’s decision and was willing to introduce Red Letter Capital, far away in Nigeria in West Africa, Rio Tinto’s people are roaring.

The local land and resources department of Kaduna State immediately resold the mine mining rights of the extensive mining industry to Australia Rio Tinto Mining Company.

The top executives of Rio Tinto, represented by Joyce, found that after a short rejoicing, they didn’t feel like they thought!

"This is a conspiracy!" Joyce, who has always claimed to be a British old-school gentleman, is now screaming at the mine. "This group of bastards, the Chinese, and the blacks, they lied to us!"

"What **** iron ore, what a **** ferrotitanium associated mine! It has been dug up here!"

"Look, what else did they leave for us? No wonder Esmidala's **** won't let us explore again. It turns out to give us a trap! I want to sue them, this group of liar!"

"The blacks are too treacherous, they have collected our money, and they still deceive us! If we pass to the company headquarters, our position is not guaranteed!" His colleagues are also ugly.

When they finally won the mining rights and re-explored the mine, they found that the mineral resources here were not as much as the data they had before!

About 70% of the rich mines have been dug up by the predecessor of the Guangtu Mining Group! Left to them, there are only some ore of poor quality, and deep mines that are very difficult to mine!

Rio Tinto Mining Group has been planning for so long, it has become a successor!

In this case, in fact, those in the Nigerian land and resources department have already discovered it. They already knew that they did not hang into the Huaxia enterprise, but they did not want to lose money, so they deliberately concealed the facts.

When Rio Tinto sent a survey, their people made a wrong guide and vowed to make a bunch of guarantees.

As a result, Rio Tinto Mining won the unfinished mine and made a loss!

"I hope that Satan will take these **** away!" Joyce cursed, they certainly will not stop, and must recover some costs from the land and resources department.

But there is no doubt that this is the site of Nigeria, people. Even if their British capitalists have a big face, this loss is a fact of rigidity.

And the rest of the minerals, they can only dig a clean, to reduce losses.

......

The Rio Tinto Mining Company and the Nigerian Ministry of Land and Resources have been tossing for a long time, each with losses, but the extensive mining industry that has withdrawn from Nigeria has not been affected.

Instead, they have entered into formal cooperation with the Red Letter Group. The Hongxin Group has already held a 5 percent stake in Quantu Mining and has become one of the major shareholders with seats!

Extensive mining has stepped up its efforts to continue to develop the African market and provide stable raw material delivery to the industrial system of the Hongxin Group.

But the battle for the mining group has just begun!

“Last month, the price of international ilmenite ore fell by 18.3%. The value of ilmenite mines that we excavated in China and from Nitrilia has directly shrunk!” Inside the Guangtu Mining Group, Sheng Wenyan’s The assistant is reporting to him.

“In the international market, the price of titanium-related high-titanium **** is also rising. The prices of ore and metal raw materials have changed. The major mines we have, the export prices of raw materials have fallen sharply, and the import prices of metals have increased significantly...”

“In these countries in Africa, our mine mining management rights are not approved.”

The assistant reported a series of situations, which made Sheng Wenyan feel a headache. Sure enough, Guangtu Mining wants to become the world's mining giant, and the problems it faces are enormous!

For example, the market price of raw materials has been controlled by mining giants such as Rio Tinto. They have rich mineral resources and advanced metal smelting technology to control the raw material market. Once they rise and fall, the profits of the Guangtu Mining Group will be greatly reduced.

"The impact of iron and copper minerals is not big. China is also a country rich in mineral resources. These raw materials can face the impact of the international market, but our ilmenite ore is a bit difficult to get." Sheng Wenyan thought, with With the development of the titanium industry, the value of titanium has been rising, and the mining industry has accumulated a lot of ilmenite.

If the price of ilmenite falls, they will have to be unaffected.

“Sheng, the price of ilmenite raw materials fell, but the price of titanium concentrate and high-titanium **** is rising,” Assistant reminded.

Titanium concentrate is selected from ilmenite or titanomagnetite and contains ore with high titanium content. It is used to make high-titanium slag, titanium dioxide, acid slag, sponge titanium and other industrial raw materials.

High-titanium **** is a titanium ore concentrate formed by the physical production method of titanium-containing ore. It is a high-quality raw material for the production of titanium tetrachloride, titanium dioxide and titanium sponge.

With the development of modern industrial technology, the demand for titanium industrial raw materials is also increasing, so the price of titanium concentrate and high titanium **** is also rising.

"If we can refine our ilmenite into high-titanium slag, we will certainly make a big profit. Unfortunately, we do not have this process, we still have to sell the ore to foreign countries, and then import high-titanium slag." Sheng Wenyan said helplessly.

Raw materials and processed materials, naturally, are processed materials to make money. But without that processing technology, they can only be anxious.

"Sheng, why don't you find the Red Letter Group, if they have a way?" At this time, Xin Xin went into Sheng Wenyan's office, and he also came for the price of ilmenite ore.

"This is the processing of raw materials. The Hongxin Group is doing Internet technology and machinery and equipment. This aspect will not help us." Sheng Wenyan said.

Xin Xin shook his head and said: "Not to mention the large amount of ilmenite we have mined in Nigeria. Our group owns several ilmenite mines in China. The price of ilmenite ore falls, and the biggest loss is us."

“The international demand for high-titanium **** has been rising. The high-titanium **** refined by our own processing plants is limited by the electric furnace technology, and the precision has not been improved. The equipment development technology of Hongxin Group is very strong, if they can help We can make a better electric stove, maybe it can be solved? In short, such a good resource is not used, it is too wasteful."

"It is also said that the dead horse is a living horse doctor. We still have to find our own way. At present, we will reduce the mining and sale of ilmenite ore and wait for the price to stabilize." Sheng Wenyan did not hold much hope for this, ore processing. It is not a smart technology. The Red Letter Group estimates that there is no way in this regard. But asking questions is always good. If you can help somewhere, you can save some losses.