"Is it limited to the private mining industry? It seems that the country is still somewhat concerned about investing in foreign mining industries." Yang Jing stroked his chin and squinted his eyes, thinking to himself.
Seeing Yang Jing's expression, Guo Dabao tactfully shut up. After a while, Yang Jing asked, "Uncle Guo, have we determined the scope of our survey rights? Also, if we take it, how large a scope of survey rights can we get? If a mine is discovered, how will the equity ratio with Papua New Guinea be allocated?"
Guo Dabao said: "The specific scope has not been determined yet, but the general scope is temporarily set at Irian Island. Of course, if we can discover mineral resources in other provinces of the country, we can also apply for surveying and development in those provinces. Generally speaking, we now have funds and surveying and mining technology in our hands, and the Papua New Guinea government is looking forward to our going over to develop its mineral resources. As for the distribution of equity ratio, if mineral deposits are discovered, the equity distribution ratio between us and the Papua New Guinea government is temporarily set at 75. We own 75% of the shares of the new mine, and the Papua New Guinea government will invest in mineral resources and obtain 25%."
Yang Jing was slightly surprised and said, "Uncle Guo, this ratio is quite generous."
Guo Dabao could of course tell which party this so-called "generous" referred to. In an underdeveloped country like Papua New Guinea, the Papua New Guinea government was able to directly occupy 25% of the shares by investing in mineral resources. This could only be because the Chinese government was too generous.
You know, almost all the mines in Papua New Guinea are controlled by large foreign mining companies. For example, the largest copper mine in Papua New Guinea, the Panguna copper mine on Bougainville Island, is one of the largest copper mines in the world. But nearly 60% of the controlling stake in this copper mine has always been held by Rio Tinto. Even though 27% of the shares of this huge copper mine are held by private hands, most of the people who hold these shares are wealthy people from Australia.
There are also two largest copper-gold mines in Papua New Guinea, the Lihir Island Gold Mine on Lihir Island and the Porgera Copper-Gold Mine in the central part of Irian Island, whose controlling shares are controlled by large foreign mining companies such as Rio Tinto and BHP Billiton. You should know that the proven gold reserves of the Lihir Island Gold Mine alone are as high as 573 tons, and the reserves of the Porgera Copper-Gold Mine are also 420 tons. These are large gold mines worth more than 10 billion US dollars.
Yes, currently all potential mineral resources in Papua New Guinea are almost all controlled by foreign mining companies, especially those from Australia. The poor Papua New Guinea government has huge and high-quality mineral resources, but it is difficult to obtain enough benefits from these mineral resources.
There is no way, this is the tragedy of underdeveloped countries. If your national strength is not good, you will inevitably be bullied!
And now the Chinese government has directly promised to give the Papua New Guinea government 25% of the shares. If this isn’t generous, what is?
Of course, the considerations of the top leaders are definitely not what ordinary people like Guo Dabao or Yang Jing can imagine. The reason why the top leaders are the top leaders is that they stand high and have a far-sighted view, so they can consider things from the perspective of the interests of the entire country.
Guo Dabao pointed helplessly and said, "Don't you know the situation of our company? Things like this kind of shares are not something I can decide. However, if these 25% shares can really be exchanged for a precious metal mine with low mining costs and high reserves, it is actually worth it. So, didn't I find you here? Jing, if we throw away 25% of the shares, it is equivalent to throwing away 25% of the profits. Therefore, whether we can succeed in entering the international precious metal mining industry depends on you."
"Me?" Yang Jing pointed at his nose, then shook his head and said, "Uncle Guo, don't expect too much from me. I don't even know if this Great Qi-Viewing Technique can be used to find precious metal minerals, so don't expect too much."
"No problem, definitely no problem!" Guo Dabao was obviously very confident in the so-called "Great Qi-Watching Technique". He rubbed his hands and said, "Jing, how about this? Let's go to Papua New Guinea tomorrow or the day after tomorrow. You can try your Great Qi-Watching Technique to see if it works. After you get the result, we can carefully consider other things. Oh, by the way, Xiang just flew to Papua New Guinea from Algeria last week. Things in Algeria are completely on track. Xiang can come here to preside over the work."
When Guo Dabao mentioned his son Guo Xiang, his face was full of pride. It was obvious that Guo Xiang was doing very well in Algeria these days, otherwise Guo Dabao, as a father, would not be so proud.
"Xiang is also in Papua New Guinea?" Yang Jing asked in surprise. It had been a while since he had seen this fat guy who had successfully lost weight. Now when he mentioned this guy, Yang Jing was quite excited. "Uncle Guo, I'll go with you. Papua New Guinea is not too far from China."
"Okay, then I can arrange the flight ticket. By the way, do you need me to process your passport?"
Yang Jing shook his head and said, "No need. I now hold a Cypriot passport and an European and American passport. I can get a visa on arrival in Papua New Guinea."
Guo Dabao shook his head helplessly and gave Yang Jing a thumbs up, seeming to be envious of the benefits that a guy with a dual passport could enjoy.
Guo Dabao worked very quickly. In just a moment, he called Yang Jing to inform him that his flight was in the evening and the ticket had been booked. They could have dinner together and then go directly to the Capital Airport to catch the plane.
Yang Jing guessed that Guo Dabao had already completed all the formalities and was just waiting for him. But since he had promised to go to Papua New Guinea, Yang Jing drove Gege to Guo Dabao's place for a sumptuous dinner, then said goodbye to Gege who was reluctant to leave, and boarded the flight to Singapore with Guo Dabao and seven or eight accompanying personnel.
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