Chapter 520

Tu'ao is a very interesting place with rich resources and few people. Don't talk about industrial projects. People here are not even interested in mining.

Tuao is rich in mineral resources, but its location is a bit awkward. To put it bluntly, if it wasn't for the faster than expected development of footbasin and Asia, the mineral resources here would be useless.

Of course, when William White invested in Tuo, he didn't care much about the pot. To put it bluntly, the bubble economy is shattered, and the steel industry of the foot basin is almost finished.

There is no hope for the footpot, but the great development of China has not yet begun. There are very few people who can see this now.

It's pitiful to say that big rabbit always says that he doesn't lack anything. In fact, this is wrong. Let's say that iron ore is good. What Tuao lacks most is high-grade iron ore, but there are not many big rabbits.

Some people said, no, isn't there a lot of Anshan? There are many similar places.

Hehe, not to mention the difficulty of mining that exotic flower, you should know that the big rabbit calls more than 50% rich iron ore, and the standard of Tuao is more than 65%.

Don't underestimate this 15%. The profits of steel-making plants are always in single digits. Before 2000, China could be self-sufficient on the whole. After that, I'm afraid it will need to buy mines all over the world.

"What, investing in minerals? There seems to be no oil in Tuao. "

"Boss, he invests in everything, gold, diamonds and copper. The most important thing is iron ore. anyway, he occupies a lot of land."

"Tut, what is he going to invest in

"Boss, not counting bank loans, has invested more than $20 billion in this period of time."

"So much? It seems that he has decided to invest in industry. But iron ore? Is the price so low? Is that interesting? "

William White didn't know about other people's slanders. If he did, he would laugh back. As you know, the transportation conditions in Tuao are much better than those in Brazil.

Well, if the iron ore needs to be transported to the United States, it's really not cost-effective. In fact, Meidi really doesn't need any iron ore. The mining area of the Great Lakes is basically the largest iron ore in the world.

Therefore, the industry has its specialty, and what you are good at most is malicious acquisition. Other things, you'd better save your energy.

William White made money in the footpot, which is known all over the world. It's very strange that they don't hate this guy. On the contrary, they are gnashing their teeth at Goldman Sachs and Damo.

Now, this guy's crazy investment is no worse than that of the previous two years. Some people say that geomantic omen takes turns, but others disagree.

The footwell turns, not William White. In the past few years, when did he spend money to be soft handed. This time, it's just a little bit exaggerated.

"Boss, we've bought all the places you like. Should we set up a prospecting team now?"

"Well, it's OK. We don't have much experience in this field. Let headhunters provide information. We need a good CEO."

"All right, boss. This time the news is quite big, and many mining companies have expressed their dissatisfaction. "

"Dissatisfaction, joke, isn't it bihaibi and Billiton? Keep an eye on their stocks and if the opportunity is right, short a wave. By the way, ask Damo if they are sure of the overall acquisition. "

"OK, I'll ask. I guess they will be scared."

"This is the world of capital. Whoever has more money is the master. Now it is obvious that I have more money than them."

Filson is very sure that the boss is going to disgust people. Of course, if possible, the boss would not mind taking advantage.

Phelson didn't know what the two families were, but William White knew very well. Isn't this BHP Billiton? It's just that they're not so good now.

Today's iron ore prices are very low, although the two also say what resource giants. The most in hand is iron ore.

William White's assumption made the two companies angry. Well, the other half is fright. They just instinctively reject overseas capital, but they didn't expect that this American cowboy was so tough.

What they don't know is that William White is not just talking about it. Today's iron ore price is basically the lowest in history. Like oil companies, acquisition now must be the most cost-effective.

Of course, the acquisition of such a large company is certainly not a trivial matter. There is no one or two years of tug of war, it is just a dream.

Even if someone else agrees, it has to be approved by the Turkish and Australian government. After a lot of procedures, it's really troublesome.

The richest man is going to be unreasonable. For a while, several big companies have become quails, especially Rio Tinto.

Everyone is playing with resources. Of course, they see something wrong. Bihaibi and Billiton have been looking at each other for another day or two. In order to compete with Rio Tinto, the two companies intend to merge into one.Well, now there's this nasty cowboy. It's unreasonable to directly plan to take the two parents in law away together. Maybe it's the US emperor.

What Rio is worried about now is that in case the goods are still unsatisfied. It's hard to resist here.

Money?

They believe that this may be a problem for others, and for William White, no bank will refuse his loan request.

It's not polite to say that if these three companies are taken away, they may not use any highly leveraged buyouts. The biggest possibility is Privatization delisting, after the completion of integration, repackaging listing.

"Crouching trough, this merger, are you sure it's not a joke?" After hearing the news, the boss of Da Mo was rude.

"Boss, it should be a temporary idea. His think tank has just started to contact the major banks."

"Why, is this money burned out? He should have gained more than that? "

"Cough, boss, he has 200 tons of gold in stock in London. Using this gold as collateral, he can get a lot of loans."

"This lunatic."

"Boss, can we recommend the Great Lakes mining company to him?"

"Ha ha, you can have a try. I hope it's not very big. It's better to focus on the two Turkish and Australian companies. It's really not good. Can't we still consider Rio Tinto? He didn't plan to have a good talk with us about the acquisition of Damo. "

"Tut Tut, that's a sarcasm. I'm going to buy it. I think Rockefeller should be very lucky. "

William White doesn't care what the outside world thinks. As for whether it is emotional or not, ha ha, you can understand it yourself.

No matter how depressed iron ore is, this kind of acquisition is close to 10 billion. If you add Rio Tinto, iron's over 10 billion.

Investment of this scale may be exciting there. However, he was not in a hurry. There are at least five or six years to go before iron ore takes off. Just wait slowly.

No matter what the truth is, no one dares to talk too much now. You said he didn't understand the mining industry, people admitted it. Since you are so good, I'll take you in.

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