For example, in the previous life, Huaxin Pacific invested in the Australian mineral veins and lost tens of billions of RMB. In addition, in the Australian dollar "betting agreement" in 2008, it lost another 15 billion RMB, which directly caused Mr. Rong to withdraw from Huaxin Pacific.

To be honest, it is difficult for mainland enterprises to succeed when going overseas. This is not due to discrimination overseas, but because their abilities are really poor. If others don’t take advantage of you, who will you take advantage of?

Lin Zuhui has been trying to enter the iron ore field for a long time, but unfortunately it has not been particularly smooth.

The partial equity stake in Vale that was acquired back then is now only a little over 6% after multiple dilutions; of course, this is already an enviable investment.

In fact, after acquiring Vale's shares in 1997, Lin Zuhui tried to increase his holdings several times, but unfortunately failed due to various reasons.

Its biggest shortcoming is that it cannot provide "sales channels" for mining companies because there is no market in Xiangjiang.

On the contrary, Japan's Mitsubishi & Co. relies on Japan's huge market and holds a certain shareholding ratio in overseas iron ore giants. Even in Vale, Mitsubishi & Co. has caught up from behind and currently holds more shares than New Era Group.

Of course, the Vale shares invested by New Era Group in 1997 have actually earned back their capital over the years, and the rate of return is still very high.

In fact, mainland companies have relatively good opportunities to invest in overseas iron ore giants; however, mainland officials have not yet realized the importance of this aspect.

Even when FMG went to the mainland to seek investment in a previous life, the mainland even demanded a controlling stake and threatened FMG not to allow mainland steel companies to purchase its iron ore.

In fact, it is impossible for FMG to give you a controlling stake. Finally, we found funds from a company in the United States and obtained a loan.

However, it is an iron-clad fact that the mainland needs iron ore. Sellers outnumber buyers, and in the end they still obediently purchase high-priced iron ore. Until 2009, when they bought shares in FMG, the cost was already more than ten times or even dozens of times higher.

This is also the fundamental reason why Japan can accept the price increase of iron ore, but it is difficult for the mainland to accept the price increase of iron ore?

Because Japan has certain shares in large iron ore companies such as BHP Billiton, these shares can offset some costs once global iron ore prices rise.

"I found a treasure!" Lin Zuhui said happily.

This FMG boss is a "liar" at this time, and everyone is not optimistic about his project.

This chapter is not over yet, please click on the next page to continue reading! Similarly, I am afraid that he does not even have the funds to solve the DFS feasibility study (probably the cost of the project feasibility report).

If Lin Zuhui comes to the door at this time and establishes a good relationship, then this can become the world's third largest iron ore company in the future, and New Era Group can hold at least 10%.

Regarding the iron ore field, New Era Group is of course mainly investment-oriented, so it does not require a high shareholding.

"Husband, I prepared some fruit for you!"

Cai Ning walked in with difficulty, which made Lin Zuhui pity him.

Pulling her to sit on his lap, the woman frowned.

"How's it going? Am I going too far!"

"Yes, I like the taste very much. It's just my first experience and I'm a little uncomfortable with it. I'll get better in the future!"

"Well, let's play when we are alone in the future!"

"Thanks husband!"

Cai Ning fed Lin Zuhui fruit and said: "Husband, I did the math. Including the 2 billion Hong Kong dollars you lent me, I can almost spend 3.5 to 4 billion Hong Kong dollars to invest in iron ore companies such as BHP Billiton."

Stocks. Will you be a little more adventurous?”

Lin Zuhui said nonchalantly: "Don't worry, this small amount of money is nothing, and iron ore will skyrocket next year, and it will rise for several years!"

"Well, this will make me feel more confident!"

Lin Zuhui nodded and said: "You can also buy some of this FMG company in the secondary market, but I plan to support this company, so you can just buy 2~3%. It will definitely be diluted crazily in the future, so you will always control it."

Just 2~3% will be enough.”

He pointed to the stock software on his computer and explained it clearly to Cai Ning.
Chapter completed!