(Source: China w88 online live casino Network 2024-07-05)
With the continuous development of new energy, the competition for core mineral resources led by w88 online live casino ore has become increasingly fierce.
Recently, Tianqi w88 online live casino (002466.SZ, 09696.HK), and Ganfeng w88 online live casino (002460.SZ, 01772.HK), the "two giants in w88 online live casino mines in my country, have encountered setbacks overseas, and the ownership of the two companies in the local mineral resource ownership has suddenly changed.
In this regard, Lin Boqiang, director of the China Energy Policy Research Institute of Xiamen University, said in an interview with a reporter from China Business News: "Although w88 online live casino mineral resources face overreach in the short term, in the process of carbon neutrality, there is a huge demand for w88 online live casino mineral resources. At present, industry scholars generally believe that w88 online live casino mineral resources are scarce resources. This process of 'nationalization' in overseas resource countries is foreseeable."
In fact, due to the uneven distribution of w88 online live casino mineral resources, it is inevitable that my country's w88 online live casino mineral enterprises will go global. to this end,Dong Xiucheng, Executive Dean of China Institute of International Carbon Neutral Economics, University of International Economics and w88 online live casinoSuggestion: On the one hand, strengthen the management of mining and development in China to achieve orderly development; on the other hand, in the process of enterprises going global, we must consider the most core demands and transform our concepts into a global perspective.
Overseas minerals are "nationalized"
On June 25, Ganfeng w88 online live casino issued an announcement on the arbitration matters involved in the holding subsidiary.
The reporter learned that the content of this announcement involves Ganfeng w88 online live casino's mining concession in Mexico.
In August 2023, the Mexican Mining Administration issued a notice to cancel the 9 mineral concessions of the Sonora w88 online live casino Clay Project (hereinafter referred to as the "Sonora Project") held by Ganfeng w88 online live casino affiliate Bacanora in Mexico. The mineral concession allows Bacanora to operate the Sonora project in Mexico.
After receiving the notice, Ganfeng w88 online live casino filed an administrative reconsideration with the Mexican Ministry of Economic Affairs through its subsidiary Shanghai Ganfeng and its three holding subsidiaries registered in Mexico (hereinafter referred to as "Mexican subsidiary"), questioning the above matters. In November 2023, in response to the administrative reconsideration filed by the Mexican subsidiary, the Mexican Ministry of Economic Affairs made a decision to maintain the former Mexican General Administration of Mining to cancel the mineral concession.
Reporter learned that in August 2022, Ganfeng w88 online live casino acquired 100% of Bacanora's equity through Shanghai Ganfeng for a transaction amount of no more than 190 million pounds.
The reporter contacted Ganfeng w88 online live casino Industry for the impact of this incident on the company, but no reply was received as of press time.
Ganfeng w88 online live casino mentioned in the announcement that since the written trial stage of arbitration has not yet begun, no decision has been made on the applicant's compensation request. Therefore, there is still uncertainty about the impact of this arbitration on the company's profit and loss.
Previously, the overseas minerals related to Tianqi w88 online live casino, another domestic w88 online live casino mine giant, also encountered variables.
Public information shows that on May 31, 2024, Tianqi w88 online live casino's shareholder Sociedad Quimicay Minera de Chile S.A. (Chile Chemical and Mining Company, hereinafter referred to as "SQM") and Corporacion Nacional del Cobre de Chile (Chile National Copper Company, hereinafter referred to as "Codelco") signed a Partnership Agreement (hereinafter referred to as "Partnership Agreement"). According to the Partnership Agreement, the core w88 online live casino business of Atacama Salt Lake will be held by Codelco in the joint venture from 2025, and will be consolidated by Codelco from the second phase.
As of press time, Tianqi w88 online live casino has not responded to reporters on the impact of the above incident. However, Tianqi w88 online live casino said in the announcement that it is not expected to have a significant impact on the company's financial status and operating results in 2024.
The reporter learned that in December 2018, Tianqi w88 online live casino completed the acquisition of 23.77% Class A shares of SQM, with a total transaction price of US.066 billion (converted to RMB 27.844 billion based on the exchange rate on the delivery date).
Lin Boqiang said in an interview with our reporter: "Although w88 online live casino mineral resources face override risks in the short term, in the process of carbon neutrality, there is a huge demand for w88 online live casino mineral resources. At present, industry scholars generally believe that w88 online live casino mineral resources are scarce resources. This process of 'nationalization' in overseas resource countries is foreseeable."
How to control the risks of going overseas?
With the continued efforts of countries around the world in the field of new energy, core mineral resources led by w88 online live casino mines have received special attention.
Dong XiuchengIn an interview with our reporter, it said: "At present, we mention the most about energy security when it comes to energy security. In the future, with the transformation of energy, the connotation of energy security will continue to extend, from traditional fossil energy to key minerals. As the importance of w88 online live casino mineral resources for the development of new energy industries such as power batteries and energy storage continues to be highlighted, resource countries are currently paying more and more attention to the competition for resources in this area."
Tianqi w88 online live casino Industry said in response to investors on the Interactive Platform that the company purchased 23.77% of SQM's equity in 2018 based on its long-term optimistic development prospects of the new energy industry and SQM's high-quality resource endowment. The Atacama Salt Lake in Chile, which is engaged in the development of SQM, has high w88 online live casino concentration, large reserves, mature mining conditions and low operating costs. It is a salt lake resource with very superior endowment around the world and is an important production area for global w88 online live casino products.
Lin Boqiang said that the two w88 online live casino mining companies mentioned above invested in mergers and acquisitions, the price was very good. Although there were risks, there was still profit margin after accounting, so the acquisition was carried out. Now facing the risks of "nationalization" of resources and dilution of equity, which need to be considered at the beginning of the merger and acquisition.
The reporter learned that since the SQM shareholding to the end of 2023, Tianqi w88 online live casino's cumulative investment income has been confirmed by about 10.1 billion yuan; according to the dividend plan announced by SQM, the amount corresponding to the dividend share that Tianqi w88 online live casino should enjoy based on the proportion of its shares held has accumulated is about 7.9 billion yuan.
In fact, the global distribution of w88 online live casino resources is not evenly distributed. According to data from the United States Geological Survey (USGS) in January 2024, the world's proven and controllable w88 online live casino resources have reached 105 million tons of metal w88 online live casino equivalent, an increase of 7% from the data released in January 2023. Among them, the total proven and controlled w88 online live casino resources of Bolivia, Argentina, the United States, Chile, Australia and China account for more than 80% of the global total; the global w88 online live casino reserves have reached 28 million tons of metal w88 online live casino equivalent, an increase of 8% from the data released in January 2023, mainly distributed in Chile, Australia, Argentina, China, and the United States, accounting for more than 80%.
With the continuous growth of demand in new energy vehicles and energy storage industries, the global w88 online live casino carbonate supply will continue to maintain a rapid growth momentum in 2023. According to the statistics of Fastmarkets for the fourth quarter of 2023, the global supply of w88 online live casino compounds in 2023 was about 860,000 tons of LCE (w88 online live casino carbonate equivalent), an increase of 26% year-on-year. Among them, China's w88 online live casino salt supply accounts for 68% of the global total supply, the South American w88 online live casino triangle (Bolivia, Argentina, Chile) supply accounts for 28% of the global total, and the remaining 4% comes from the total supply in the United States or Australia and other regions.
"The current situation of w88 online live casino mineral resources mainly overseas is difficult to change. From this perspective, w88 online live casino mineral companies going global is the inevitable result. It is also difficult to avoid risks in this process. The occurrence of the above two events also reminds other companies in the industry that in the future, enterprises need to be more cautious in the process of overseas w88 online live casino mineral resources acquisition." Lin Boqiang said.
For enterprises to participate in overseas mineral resource mergers and acquisitions in the future,Dong XiuchengSuggestion: On the one hand, strengthen the management of mining and development in China and achieve orderly development. On the other hand, in the process of enterprises going global, we must consider the most core demands and transform our concepts into a global perspective. In the process of overseas acquisition of assets, local laws and policies need to be followed.
At the same time, Lin Boqiang suggested that in fact, there were many lessons learned from Chinese companies in overseas mergers and acquisitions. This time, the situation has occurred and it is more conservative in the process of overseas asset mergers and acquisitions.
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