Chapter 902: Chapter 902: Praised to the Skies
Zhu Jun drove Li Feng to a street vendor near Huacheng University City.
"Let’s eat here."
Li Feng nodded, the two of them entered the street vendor one after another, ordered some crayfish and grilled food from the owner, and got a case of beer.
"Let’s start with one."
Zhu Jun picked up a bottle of beer, clinked glasses with Li Feng, took a big sip, grabbed some edamame, and looked at Li Feng.
"We’ve pretty much sorted out the Mining Alliance. Both the people and the money are almost ready. When do you plan to announce?"
Zhu Jun got straight to the point. He hadn’t been idle recently. Ever since Li Feng mentioned overseas mineral resources, Zhu Jun has been keen on it.
He was among the first to go abroad for gold mining, and before this, he had already gathered a few people and started running in Lijia State with funds.
The area of Lijia State is truly rich in resources, and most places are still in a primitive undeveloped state, making it an untouched land.
However, doing mining business in Lijia State doesn’t go smoothly. The biggest trouble is dealing with the officials, and sometimes you not only have to deal with the officials but also with the local tribal overlords.
It’s fair to say that chaos is prevalent in Lijia State, and this chaos makes mineral development investments extremely risky. With investments of hundreds of millions of dollars, there’s a possibility that operations may halt due to turmoil before they even break even.
Ultimately losing all their money.
These big interest groups from the Federation doing business in Lijia State often hire mercenaries for security, and these large interest groups have already carved up the main market, making eight out of ten people lose money when they enter.
Thus, Zhu Jun’s previous business in Lijia State was always in a small state and never made significant progress.
Collaborating with Li Feng this time is quite a bold attempt; you could say that he has invested almost all his fortune.
"If you’re ready, we can go anytime."
"Previously, I dismantled and packaged the Century Group. There are still parts that no one finds attractive, including Century Steel Factory, the shipyard, and Century Heavy Industry. During this period, I’ve sent people to sort them out."
"The foundation of these heavy industries is pretty solid. Century Group started with these heavy industries, and although Chen Qinian heavily developed other industries over the years, he didn’t give up on these heavy industry companies."
"The Century Steel Factory is one of the biggest, with equipment replaced with the latest equipment only a few years ago. However, under the circumstances, the capacity of heavy industries shrinks, leading to little profit."
"The other factories are also facing this issue."
Li Feng said.
Zhu Jun nodded: "Yeah, the country is actively pushing the energy reduction plan, cutting down on those wasteful small and medium-heavy industries. And with the overdevelopment of real estate over the years, this adjustment inevitably impacts the industry."
"That’s what worries me the most. After all, even if we mine abroad, we’ll still need to sell it. Although we can sell directly to the country, we have the connections, selling just raw materials seems a bit unprofitable."
Zhu Jun also doesn’t think much of raw material trading; it only earns a little hard money and doesn’t mean much.
Li Feng ate a skewered food and looked at Zhu Jun, "Did you get the permits you were supposed to get?"
"Official ones are a bit difficult but not impossible. If your father is willing to step in, it would be easier."
Li Feng glanced at Zhu Jun, asking Li Mingrui for official equipment production permits, that’s asking for trouble.
"If official ones aren’t available, then what about civilian ones?"
"This is sorted out, you know the situation of car companies in Yan Country, I directly found one that couldn’t continue operations and used some money to take it over, so we got the license."
"But manufacturing cars is no joke; you can’t just throw money and make it work. How many have invested money in this industry over the years, but very few ended up profitable, while many lost everything."
Zhu Jun looked at Li Feng, noting that Li Feng’s plan to get a civilian car production license is clearly aimed at producing cars, but this industry is a real money-swallower.
"I don’t plan on producing household cars, at least not now."
"Huh?"
Zhu Jun looked at Li Feng.
"What do you mean? You’re not planning to use the license to make cars?"
"Just making civilian cars, but with thicker steel plates, and our customers won’t be ordinary people."
"You don’t need to worry about the design; I’ll find someone to handle it. You just need to take care of production and import-export affairs, as for sales, that’s my concern."
"Just making these can’t absorb all of our capacity, right?"
"We also have shipyards."
"Nowadays, global cargo ships are in excess supply; building them is less efficient than buying them directly. It saves time and money; if you only want to keep those workers, building one or two a year would be enough."
Zhu Jun shook his head.
Zhu Jun blinked, "You’re quite confident."
Li Feng’s goal is obviously more than this, but some things are hard to say outright.
"Oh, it really is you, I thought I was mistaken."
At this moment, a stunning figure appeared in the street vendor, attracting quite a few people’s attention.
Li Feng looked up, a bit surprised.
"What are you doing here?"
Zhou Zhishan stuck out her tongue, "There’s a celebration at school, and I’m the lead actress. I don’t even know how the school found out about me, so they want me to come back and participate. I couldn’t refuse, so I came."
"Since it’s in the evening, I plan to revisit with a few junior classmates at the street vendor."