Great Power Industry: You're a private company building an aircraft carrier?

Island nations and South Korea are small countries, tiny landmasses with few special mines. They can only develop their industries by buying resources. Therefore, they started to invest in various mineral resources a long time ago!

They acquire mines internationally, so even if mineral prices rise, they can remain unaffected.

Upgrading Dongguk Steel's production lines and installing a 5.5-meter rolling mill is important, but purchasing iron ore from outside sources is even more important, and may even be a higher priority!

After all, if you're rich, you won't be worried.

In other words, Qin Chuan was in a hurry. The other party would rather throw away 200 million US dollars than take out the remaining 1.8 billion to buy the rolling mill. They would definitely buy the mine first.

and so……

Qin Chuan turned to look at Jin Zhongqin: "What new mine requires you to divert 1.8 billion? And you even joined forces to bid, which means this mine is worth at least tens of billions of dollars? Where in the world can you find such a mine? It seems like Australia and the football country don't have such a new mine, do they?"

"Of course!"

"where?"

Jin Zhongqin hesitated for a moment. These were all confidential documents. Would it cause problems if he told Qin Chuan like this?

However, Qin Chuan clearly did not believe it.

"Fine, don't tell us then. But at least give us 80%, otherwise we won't send the machine to you. If you don't pay within a month, we have the right to dispose of it to a third party!"

"Engineer Qin, if I tell you, can you do it according to our requirements?"

"Of course not. We at Yangchang aren't as easily fooled as state-owned enterprises," Qin Chuan said. "If you'd been more open about it, we could reduce the price by 10%, at least 70%!"

After saying that, Qin Chuan looked at Jin Zhongqin meaningfully: "There are only so many iron ore mines in the world. Apart from Australia and China, there is only Guinea. However, anyone who touches the iron ore mines in Guinea will die."

"why?"

Seeing Jin Zhongqin's anxious expression, Qin Chuan was certain of his judgment: This time he was right, he really had his eye on the iron ore in Guinea!

"Because the regime there is unstable, a military coup could happen at any moment," Qin Chuan said. "The contracts you sign with the current government may not be recognized by the new government. In that case, no matter how much you invest, it will all be for nothing."

Kim Jong-geun's eyes dimmed. In fact, this was what they were most worried about. If the regime in Guinea changed, all their efforts would be in vain.

“The iron ore mines there are clearly closer to Sierra Leone and Liberia, but Guinea has always insisted that the transport route go through their own country. What would have been a mere two or three hundred kilometers of railway would have been possible, but the detour would have required five or six hundred kilometers.”

Qin Chuan continued to pose difficult questions: "This railway will take at least five years to build, right? Are you confident that the iron ore can be transported out after five years?"

Guinea's territory resembles a boot, with the opening being the coastline and the toe inland, separated by Sierra Leone and Liberia.

It's clearly closer to go through these two countries, but Guinea is not having it and insists on going through its own borders to build a railway.

They also had their own ideas: to use iron ore transportation to boost the domestic economy.

After all, if you want to get rich, build roads first.

The problem is that Guinea has many rivers and jungles, so building roads in such a place is not easy, it takes a long time, and there are many unforeseen circumstances.

Kim Jong-geun's gaze dimmed further.

"I don't know what you're thinking, but I can assure you that if you invest, you'll lose everything. You'd be better off spending the money on purchasing rolling mills, at least that would allow you to produce the high-end steel that the world urgently needs. By the way, which companies are you planning to cooperate with? Don't let them rip you off!"

“They’re all companies from South Korea, how could they possibly cheat us?” Jung Soo-hwan couldn’t help but say, as if to encourage them and boost their confidence.

"It's not so bad when outsiders cheat you, but it's a huge pitfall when your own people cheat you, because you're caught off guard." Qin Chuan said calmly, "Didn't you also use First Heavy Machinery to cheat our Laiyang Factory? Fortunately, we have the technology, so we weren't cheated."

"we do not have……"

"Those are all things of the past. Let's talk about the present. Which company are you cooperating with? POSCO? Hyundai Steel?"

South Korea's largest steel company is POSCO, which is not only the largest in South Korea but also in the world. It owns the Gwangyang Steel Plant with an annual output of 1600 million tons, making it the world's number one, and the POSCO Steel Plant with an annual output of 1200 million tons, making it the world's second largest.

"POSCO has the world's largest annual output, so they definitely need iron ore. Moreover, they only have rolling mills of about four meters. At this critical moment, they are trying to get you to buy mines overseas, and these mines are very risky. Don't you know what their purpose is?"

"Modern Steel produces steel that can be directly used in their own shipyards and automobile factories. What about Donggu Steel? Do you have such advantages? You want to install a 5.5-meter rolling mill, isn't that just trying to compete with them in a different market segment?"

Kim Jong-geun's expression turned even uglier.

"Those involved are often confused, while bystanders see things clearly. Don't be fooled by their appearances. I bet they don't actually intend to buy mines in Guinea. They just want to sabotage your project to import rolling mills!"

The expressions of all the South Koreans present were complicated. Jung Soo-hwan murmured, "What Engineer Qin said seems to make a lot of sense. Why didn't we think of that before?"

"Those involved are often confused, while bystanders see things clearly."

Jin Zhongqin remained silent.

Seeing his expression, Qin Chuan dropped his final bombshell: "I heard that POSCO recently changed its chairman again, and I'm afraid many of the previous policies will have to be changed, right?"

POSCO was built up by its first chairman, Park Tae-joon, who controlled the group until October 1992, after which he stepped down due to disagreements with the government leaders at the time.

The successor, Huang Qinglu, only served for a few months, and the third, Zheng Mingzhi, only served for a year before both were forced to step down due to bribery.

POSCO's chairman, Kim Man-ki, has only been in office for a few days. What attitude can he possibly have towards this cooperative project?

The risks involved are too great!

Kim Jong-geun finally made up his mind: "Mr. Qin, what you said makes a lot of sense. Dongguo Steel does not have their advantages. We have to go our own way. Therefore, we will give up the iron ore business there. We will transfer the remaining funds within a week. We hope you can arrange the transportation project first."

"Okay!" Qin Chuan nodded. "Then we'll arrange transportation now. By the time your payment arrives, our equipment will have cleared customs, and we'll send our most skilled technicians to install it. Within three months, the equipment will be fully commissioned and ready for production!"

Qin Chuan breathed a sigh of relief, knowing there would be more twists and turns, but in the end, he managed to successfully complete the project through his persuasion. Moreover, he also learned about another matter.

Do South Koreans really want to buy mines in Guinea?

If the Guineans find their iron ore so popular, they'll get carried away and start making even more demands!

We must not let them succeed!

Fortunately, Antonina has already taken people to Guinea. They should have adapted to the environment there by now. It's time to let them get some exercise!

Moreover, we need to muddy the waters, so next, we need to leak this information to the islanders!