“Mr. Zhao, Guinea is also willing to cooperate with Wujiang Group!” The Guinean representative quickly followed suit after seeing that the Tanzanian representative had already expressed his opinion.
Everyone now understands that the prerequisite for cooperating with Wujiang Group is to first offer up the development rights to their own mines. This is actually not a big deal for many African countries, as they lack the capacity to develop these mines themselves. Rather than simply holding onto their mines, they would prefer to cooperate with Wujiang Group and receive investment assistance from them in infrastructure construction.
"Mr. Zhao, we in Congo are also willing to cooperate!"
"We in Zambia are also willing to cooperate!"
"..."
Everyone eagerly expressed their opinions.
"Thank you all for your trust in Wujiang Group. You have all made the right decision!" Zhao Ye smiled and walked up to the crowd, shaking hands with each of them.
For specific details of the cooperation, Zhao Ye's staff will contact them one-on-one for detailed discussions.
Soon, the representatives from various countries couldn't help but shout with excitement in the conference room.
The Tanzanian representative became excited as he looked at the list of project collaborations handed to him by the staff of Wujiang Group.
Wujiang Group has formulated a very detailed investment plan for Tanzania, covering dozens of industries including clothing, food, housing and transportation, with a total investment of no less than 145 billion RMB. Once all these investments are implemented, Tanzania's economy will take off rapidly.
Other countries also have similar investment plans.
People discovered that Wujiang Group's investments in their own country alone exceed one trillion RMB!
Their immense wealth left them deeply impressed.
...
Subsequently, the China-Africa Investment Summit frequently reported good news about Chinese companies reaching cooperation agreements with African countries.
It's clear that Chinese companies have a strong interest in investing in Africa, and the involvement of Wujiang Group has given them even greater confidence.
Western countries were unhappy at this point, claiming that the purpose of the China-Africa investment summit was to exacerbate Africa's debt crisis and that China actually had ulterior motives.
Western media are manipulating public opinion and launching a massive attack, attempting to undermine the China-Africa Investment Summit.
However, this seems somewhat futile.
Isn't China's real, tangible investment appealing?
Moreover, data shows that Western multilateral and private creditors remain the largest creditors of African countries.
African countries are actually quite aware of their own situation, so they simply don't believe the nonsense spread by Western media.
The week-long China-Africa Investment Summit went very smoothly, with intended investments reaching over 1.6 trillion RMB.
Even if only a portion of it is ultimately implemented, it will still have a significant impact on Africa.
...
Two months later.
The cooperation between Wujiang Group and African countries is progressing rapidly, mainly due to the fact that Wujiang Group made ample preparations beforehand, and most of the projects were proposed by themselves with complete plans.
Chinese infrastructure teams are venturing overseas to help African countries build railways and ports, prioritizing transportation to facilitate the export of minerals.
At this very moment, a massive construction boom has begun across Africa!
In many places, the slogan "To get rich, build roads first" has appeared.
At this time, Galaxy Mining Group acquired a lot of natural resources, not only iron ore, but also coal, chromium, asbestos, gold, silver, lithium, niobium, lead, zinc, tin, uranium, copper, nickel, diamonds and so on.
At the same time, we introduced advanced mining machinery and vigorously promoted technological reforms.
These measures have unsettled the entire mining industry.
Australian iron ore companies, in particular, are very concerned that the rise of Galaxy Mining Group will seriously threaten Australian iron ore exports.
However, they are currently powerless to stop China's investment in Africa.
Today, African countries are developing rapidly every day, and China's investment has brought tremendous changes to them, giving the African people hope.
People in Africa learned through television or newspapers that China was helping them build railways, ports, power plants, and factories, which made them very happy and inspired them to look forward to the future.
It must be said that Chinese investment in Africa has also boosted the domestic economy, with many infrastructure-related industries experiencing explosive growth. At the same time, a large number of migrant workers have gone overseas to work, earning high wages, which has significantly increased household income and consumer spending power.
It's not that we don't want to hire African workers, but the main problem is that African workers can't work as fast as Chinese workers. If we let African workers build the road, we don't know how long the project will be delayed, which will eventually cause the construction cost to far exceed the initial budget.
However, as China increases its investment in Africa, many people in China do not understand this.
Why provide aid to Africa?
Wouldn't it be better to have so much money to develop China?
In fact, China has developed to the point where it must compete with other countries for resources.
Whoever acquires the resources owns everything.
China isn't a sucker; it wouldn't invest in Africa for no reason. It's only because it's eyeing Africa's natural resources.
Fortunately, in this lifetime, the Wujiang Group has been incredibly supportive, investing heavily in Africa. This has enabled the Galaxy Mining Group to acquire a vast amount of African mineral resources, including the Simandou iron ore mine in Guinea, Africa's largest iron ore deposit. This mine boasts enormous reserves and exceptionally high-quality iron ore, containing 67% iron, exceeding the 48% iron content of Australian iron ore. This means that each ton of iron ore can yield significantly more steel.
Guinea granted the mining rights to this iron ore area to Galaxy Mining Group, while Wujiang Group helped Guinea build a 650-kilometer railway line and a modern deep-water port.
If Galaxy Mining Group develops the Simandou iron ore mine, it will no longer have to depend on Australia!
(End of this chapter)
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