Chen Jiulin: * Ore prices will rise sharply

When the well-known investor Chen Jiulin stepped onto the rostrum, the Beijing 2014 Mining and Investment Summit met with enthusiastic applause. “Chang You King” Chen Jiulin is now the chairman of Beijing Joseph Investment Co., Ltd., and he intends to obtain a substantial return on investment in the * mining industry.

From the first-ranking Chinese-listed company in Southeast Asia to the later “prisoner”, the story of Chen Jiulin has caused widespread concern. He once increased the net assets of the China Aviation Oil (Singapore) Co., Ltd., which he was in charge of, from $176,000 to $150 million, an increase of 852 times. However, due to a huge loss of 550 million U.S. dollars in oil options trading, he was also sentenced to prison in March 2006 for "deception of Deutsche Bank, failure to disclose information to the SGX, and insider trading in a timely manner."

Chen Jiulin once again appeared before the public. It was 2010. At this time, his name appeared on the list of leading members of the Gezhouba Group International Engineering Co., Ltd. website. However, Chen Jiulin’s time at Gezhouba was not long. Two years later, Chen chose to leave and began to focus on investment.

"On September 3 last year, we invested in an Australian-listed Australian company with a potential value of more than $40 billion." Chen Jiulin introduced the guests.

Why choose to invest * mine? Chen Jiulin said that this is a good time to cut in. "In the future, I will prove that I have invested in Australia's listed companies (which are correct) and will certainly be witnessed."

In view of the general trend, the haze has become more and more serious all over the place. Regarding the causes of benevolence, he agrees with the view that China’s energy consumption structure is extremely unreasonable. 70% of our consumption is coal, and as clean energy, nuclear power Power generation only accounts for about 2% of the total.

In addition, after the accident of Japan's nuclear island accident, the price of * and * ore prices have dropped dramatically, it was originally 135 US dollars per pound, and now it has fallen to more than 30 US dollars per pound. In addition, the stock of the listed company in Australia has fallen all the way, the market value. Severe shrinkage.

Chen Jiulin believes that from the perspective of supply and demand, the future development of nuclear energy is a general trend, with a large number of * ore demand, and currently China Guangdong Nuclear Power, China National Nuclear Corporation and other companies are also snapping up * global mining resources. “It is worthwhile to choose to acquire a listed company with a majority of mines in Australia,” he said.

At present, 75% of the mines are imported from abroad. The mines are mainly distributed in Australia, Canada, Africa, and Central Asia. Australia is a region with relatively rich mineral resources throughout the world. “There are 19 nuclear power plants in China and more than 100 in the United States. We have to reach 80 units by 2020. This will require raw materials. The so-called “arms and horses have to move ahead of the grain” does not mean that they need fuel. ."

Wang Jinping, head of China National Nuclear Zimbabwe Project Company, said that according to the current plan to 2020, it is expected to reach 58 million kilowatts of installed capacity, that is, to reach 4% of nuclear power installed capacity by 2020, and the power generation will account for 6% of the entire society's electricity generation. There will be a threefold increase in growth in the next five to six years.

In contrast, on-site data shows that now, two-thirds of electricity is coal-fired, hydropower is 20%, and nuclear power only accounts for less than 2%. As of May of this year, 28 nuclear power plants are under construction, and more In the planning.

Wang Jinping said that after the nuclear power plant in Japan shut down a number of nuclear power plants, the corresponding reduction in demand for 8,000 tons* of resources each year led to a surplus of demand for resources, and the prices of these resources have been declining in recent years.

At the same time, he said that from the prospecting and exploration of mines to the development of mines, it takes 8 to 12 years in the country, and 6 to 8 years for commercial exploration. “It is 2014 and we predict the price of 2020*. There is a significant increase."

Chen Jiulin predicts that the * ore prices will have a big climb up to 2016 at the latest. "We must hold on to this business opportunity."

For how it works, Chen Jiulin also has its own plan: through the continuous stimulation of the stock market, “makes this company able to reach the time of 2017 or even further, when there will be a great value return.”