Sheng Wenyan learned the news and rushed to Nigeria to deal with it personally.
At the mine, Esmidala, an official from the Ministry of Land and Resources of Nigeria, and several colleagues came to review.
Lin Zhiyuan had already made preparations. If it was a normal procedure, there should be no problem with the inspection.
"Mr. Esmidala, distinguished leaders, welcome to our mine for inspection." Lin Zhiyuan greeted enthusiastically through the translation software.
Esmedala and the others, however, kept a straight face and looked businesslike. They inspect the mines and have very strict requirements in all aspects.
After some inspection, Esmedala began to look for problems. In many places, he can point out areas of disqualification.
"These unqualified places are still minor matters, and the environmental problems are the most serious!" Esmidala said, "In our regulations, mining of minerals must protect the local ecological environment, but you have no requirement for this at all. Up to standard!"
Lin Zhiyuan and others could only apologize and explain, but the other party didn't care about their explanation at all. Mining minerals will definitely destroy the ecological environment. The key is to meet the standards, environmental restoration after mining, etc.
In fact, everything in Guangtu Mining is already in compliance with standards, but if you want to impose a crime, why bother? Even if the other party wants to find faults, they can't be impeccable.
Esmidala and others left, and then a rectification order was brought, requiring Guangtu Mining to make rectifications within a certain period of time, otherwise severe punishments will be imposed!
Their intention is already obvious. The mining rights of Guangtu Mining's mine may not be preserved.
"Joyce, we have given them a rectification order. When the time comes, we will take back their mining rights on the grounds of damaging the ecological environment!" Esmedala wrote to Joyce, "At that time Rio Tinto Mining companies can apply for mining.”
"Thank you. When the matter is completed, I will personally thank you and your friends in the government department!" Joyce promised him benefits.
"Hahahaha, don't worry, this thing will definitely happen, you can prepare to take over the mine!" Esmedala assured confidently.
…
In the mine, Guangtu Mining Group, which received the rectification notice, is also actively responding.
"How far is the mining progress now?" Sheng Wenyan asked.
There was no worry on Lin Zhiyuan's face. Instead, he said proudly: "Mr. Sheng, originally we planned to mine for twenty years, but later it was changed to an accelerated ten years. Now, we have mined ten percent of the planned amount in just one year." Seven!”
"In this mine, we have basically mined the rich iron ore and ilmenite with high metal content. The rest are inferior ores with low value. It can be said that we have fully recovered the cost. And he made a lot of money!”
"I have to say that the mining equipment you bought from Hongxin Group is so advanced! Especially the mining robot, it is so worry-free."
"Okay." Sheng Wenyan felt relieved and said, "Now we can start the finishing work. After working for so long, we can also let everyone go back to China to rest for a while."
"Okay, I've wanted to go back to China for a long time! If Mr. Xin and the others knew that we were making such rapid progress, I don't know what their expressions would be!"
When the rectification deadline came, Esmedala and others came to the mine to inspect again. Everything was as they expected. The mine had done well enough before, but the rectification standards they required could not be met at all.
"I regret to inform you, Mr. Sheng Wenyan. The mines operated by Guangtu Mining Group in our country have not met our environmental protection requirements. Therefore, we will adjust the mining operation rights of this mine." Ace Midala said with a "regretful" look.
He originally thought that Sheng Wenyan and others would get angry, argue with them, or even file a lawsuit to defend their rights. However, everything was not as he thought. Instead, everyone at Guangtu Mining Group was very calm and said with the same "regret": "We have tried our best to protect the local ecological environment during the mining of ores. If we still cannot meet the standards, it may be Your requirements are too harsh.”
"We question this and hope that your department can adjust its policies so that our foreign investors can have a fair and just market environment... As for the penalty decision, our group reserves the right to appeal."
They spoke righteous words, but it was difficult to see the anger and disappointment on their faces. This made Esmedala a little confused. If their mining rights were taken back, they would lose at least tens of billions. Don't they care about such losses
"Mr. Sheng, you need to know that this is not something I can decide alone." Esmedala was still trying to blame herself and said: "This is the rule of the department, and I also implement it in accordance with the regulations. We are also keen to Investors and entrepreneurs in your country will create a fair market environment, but we also hope that you will abide by our own legal system.”
Both parties were conciliatory. One expressed his fair stance and serious decision on punishment, while the other stated that he wanted to safeguard his rights and interests.
Of course, the results didn't change. A few days later, the Land and Resources Department of Kaduna State announced that the Guangtu Mining Group from China had caused serious damage to the ecological environment during the mining of mineral resources and ordered rectifications that were not implemented as required. Therefore, it was withdrawn in accordance with local laws and regulations. The mining rights of Guangtu Mining Group.
After the news was sent out, Guangtu Mining Group issued a statement in response, saying that it abides by laws and regulations and "deeply regrets" the punishment. It will fully launch the mining industry in the area and hopes that there will be a fair and just future. business environment.
This incident has an impact on both parties. Nigeria's decision to impose penalties has discouraged some international investors from the local mining industry, and Guangtu Mining Group's share price fell by five percentage points due to this news.
Domestically, Guangtu Mining Group once again held an early high-level meeting to discuss this matter.
"Mr. Xin!" Xin Zhe arrived at the conference room early before the meeting started. All the senior executives who came in greeted him, including those who were very important in the group.
Xin Zhe nodded one by one and indicated that the content of today's meeting will be made into a projection screen for the company's directors to see. And he was already confident.
The group suffered heavy losses in the African market. This was all due to Sheng Wenyan's poor decision-making. The company's stock price fell, and the directors would definitely be very dissatisfied. Today's high-level meeting is the day to reflect on this mistake and let Sheng Wenyan step down!
And he, Xin Zhe, has been recognized by most of the top executives and will take over the position of President Sheng Wenyan and become the helmsman of this 100-billion-dollar group!
Senior executives attended the meeting one after another, and even those who could not be present temporarily connected to the meeting remotely through projection.