Industry insiders expressed some incomprehension regarding Galaxy Mining Group's move, noting that such investments are costly and low-profit, and mining companies rarely undertake them.
However, Galaxy Mining Group went its own way, even investing heavily in mines in Africa. These actions shocked the industry, but at the same time, they also made people feel deeply afraid.
...
"The situation in Africa is volatile. We need to establish a mine protection team and equip them with weapons! However, this is not the most urgent matter right now. We can arrange it when the mine officially starts production, but the preliminary preparations still need to be done. After all, the protection team must be trained professionals with a certain level of military expertise," Zhao Ye instructed Fei Chengyi and others in the conference room of Yinhe Mining Group.
Fei Chengyi and the others nodded repeatedly, indicating that they understood.
Africa is chaotic and poor, so it's perfectly reasonable to have a security force.
Investing in Africa is exceptionally difficult. Otherwise, Western countries would have already invested heavily in and developed Africa.
Unlike the colonial era, investment now requires real money. Western countries have a long history of colonial plunder in Africa, so they are somewhat reluctant to invest money there. Moreover, because white people have historically caused great harm to black people—the slave trade, colonization of Africa, and other such acts—Western countries are somewhat conservative and cautious when investing in Africa.
Western countries do not want Africa to rise, as this would affect their dominant position. Furthermore, if Africa does rise, will Black people seek revenge against White people? While the possibility is low, it is not impossible.
At least in Africa, many Black people still harbor hatred towards white people.
“Mining in Africa is very difficult. It would be too much of a challenge for just one company like ours. We should contact other companies in China to participate in the development. Speed is of the essence. We need to get the mine into production as soon as possible! The longer we delay, the more complications may arise…” Zhao Ye said in a deep voice.
Obstruction from the West, changes in the local political situation, and other factors will all affect the development of the mining project.
Delaying a project can cause significant losses.
Fortunately, China is a powerhouse of infrastructure development, so the speed of mine development and construction is relatively fast.
Fei Chengyi and the others were well aware of the difficulties of investing in and developing mines in Africa, and they wholeheartedly agreed with Zhao Ye's decision.
In the following period, Galaxy Mining Group developed in an orderly manner.
It will probably be several years before we see Galaxy Mining Group achieve any results.
So, Zhao Ye once again became a hands-off manager...
Little did they know the extent of the damage that Galaxy Mining Group's nouveau riche-style development had caused to other mining companies around the world.
In the international financial market, the stock prices of major mining companies have plummeted.
Iron ore prices have also fallen, making them much cheaper for major iron ore importing countries such as China and Japan.
At this time, Galaxy Mining Group also took the opportunity to stockpile a large amount of iron ore at low prices.
In the near future, once the steel plant built by Galaxy Mining Group in China is completed, it will consume a huge amount of iron ore. Buying more now will be useful in the future.
"The existence of Galaxy Mining Group must be making that ungrateful little white wolf, Australia, unhappy, right? The more unhappy it is, the happier I am. The plummeting iron ore prices have allowed Galaxy Mining Group to take advantage of the situation and fleece us! Once the mines in Africa are developed, let's see how Australian iron ore will be able to sell at high prices!"
“The mining industry is the mainstay of Australia’s economy. If Australia’s mining industry is hit, Australia’s economy and national strength will inevitably be far worse than before. Miners’ income will be low, welfare will be low, and their purchasing power will be reduced. Various factories will close down and workers will be laid off. This will trigger a series of chain reactions that may form a vicious cycle and lead to a very serious economic crisis in Australia.”
Zhao Ye swirled his wine glass, a contemptuous yet expectant smile on his face. Thinking of the hunter's methods for training vicious dogs, he couldn't help but say:
"A weak dog dares to bark? We can easily deal with it! We'll put it on a leash, train it properly, and if it behaves, we'll give it a bone; if it doesn't, it can just starve to death."
(End of this chapter)
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