Chapter 294: Northern Mining Company

While Bao Zixuan and BHP Billiton were negotiating, the staff of the Blackstone Fund were in full swing to negotiate with the Northern Mining Company of Australia.

Bao Zixuan not only wants to come to Australia to buy iron ore, but also wants to control a large Australian iron ore company. Only in this way can we not be threatened by others, and we can be self-sufficient in everything.

Northern Mining was acquired by the British group Rio Tinto around 2000, making Rio Tinto a global leader in the exploration, exploitation and processing of mineral resources, which shows the strength of this company.

Of all the mining companies in Australia, Northern Mining is able to rank around 5th. In front of it are a few companies such as Rio Tinto, BHP Billiton, and integrated mining companies, which can be said to be quite powerful. It has 12 mines around the world, including 8 in Australia.

But now the northern mining company is facing a very troublesome matter, the steel market is sluggish. They had to shrink a lot of business, which made the company not profitable. It is not as rich as BHP Billiton and does not have the support of the government and banks. In the past, the Northern Mining Company relied on loans to survive the crisis, but now large American companies have come to buy it. Not only will the bank not give you a loan, but it will also collect your loan when it is due.

Blackstone staff have been in Australia for nearly half a year, greeting the government and banks in advance. So that the northern mining industry is not supported as in the previous life, and they are facing difficulties. is knowing that Bao Huodong is going to come to Australia to buy minerals, and now that Bihe Billiton has signed a contract, then he can say that there is no hope.

In the face of pressure from employees, banks and shareholders, the company finally relented, and the most important thing is that the Blackstone Fund will not participate in the management for the next three years, but will only supervise contracts and property. This reassures the management and promises the government that if no worker makes the mistake, one worker will be cut and more than 200 new jobs will be created every year. This allows the Blackstone Fund to open up all the links.

When Bao Zixuan came to Northern Mining, all the contract details had been negotiated. A memorandum was formed, and the first instalment of the purchase proceeds was remitted to the account of the Board of Directors.

Seeing Bao Zixuan coming, everyone finally understood why Blackstone Fund acquired Northern Mining Company at this juncture. All this is the new boss's strategy, a plan to repair the plank road openly and Chen Cang in the dark. However, it also made the people of the Northern Mining Company have nothing to say, after all, the strength does not allow it.

Originally, he wanted to buy it in the name of Bao Huo Dong Mining Company, but after adding so many shareholders, it was impossible for everyone to pay for such a large transaction amount, and Bao Zixuan had not yet reached the point of making a wedding dress for others.

After communicating with Fok Yingdong and other original shareholders, he decided to buy it at his own expense. After all, even Huo Yingdong and others took out so much money at once, and they were also a little worried about more than a billion dollars in debt. Although looking at the lack of steel in Huaxia, no one could have imagined that it would develop so quickly.

In the conference room of the Northern Mining Company, Bao Zixuan signed the purchase agreement on behalf of the Blackstone Fund. Blackstone Fund purchased its entire stake in Northern Mining for $1.2 billion in cash plus $1.4 billion in debt. For this reason, the capital investment of the RB team has been delayed to a certain extent, but Bao Zixuan knows that this transaction will definitely make countless profits in the future, and it can even rewrite part of the history of steel development.

Bao Zixuan has spent nearly $2 billion in less than a week in Australia and is not in arrears. All the remittances were completed as soon as possible, which made many Australian officials and people feel that Bao Zixuan wanted to increase investment in Australia. may even immigrate here, if you can stay in Australia, then what role will it play in promoting the Australian economy is that the children who are playing the game of black clouds on the street understand. Therefore, many institutions and government officials in Australia have sent invitations to Bao Zixuan these days, and various gatherings and dinners are countless.

Knowing that if you want to mix on other people's territory, many people still have to give face. After all, now that the acquisition of the Northern Mining Company has been completed, it is impossible for Bao Zixuan to stay out of the government's demands.

Although he is not good at communicating in this area, where is Bao Zixuan's identity now. As long as it can be passed, it is already very face-saving, and it is adding a good amount of alcohol and good literacy. In a short period of time, many legends of him have been circulated in the Australian high society, and people know that the young rich man from Xiangjiang is a bold and generous handsome guy. At the same time, it also made Bao Zixuan the most popular person in the hearts of Australian girls, and even became one of the people who wanted to marry the most.

After the negotiation of the mine's intention was completed, Bao Zixuan began to investigate Australian agriculture. After all, this is a country that rides on the back of a sheep and sits on a minecart. Its own agriculture is very developed, and Hutchison's supermarket wants to lay out agriculture, and it is not a long-term solution to not have its own farm.

Knowing that Bao Zixuan still wants to buy a farm, isn't this a transfer of assets! At least in the hearts of many Australians, many Xiangjiang people in this era are transferring assets to Australia. At present, both Australia and Hong Kong are nominally under the jurisdiction of the United Kingdom. Therefore, the Australian people are not so resistant to the rich people coming from Xiangjiang, and they warmly welcome them.

Many Australian agricultural officials began to introduce Bao Zixuan to government-managed pastures and farms, and in this era, few people except Xiangjiang came here to buy farms, after all, it was not as convenient as the United States and Canada.

Seeing that the richest man in Xiangjiang came to buy a farm, these people took Bao Zixuan wherever they were on the farm. We all know that this is a good money-maker, and if we can develop in Australia, it can definitely boost the local economy.

Buying ranches and farms is not a very urgent thing and requires a lot of investigation. Bao Zixuan will not decide to buy it with a tap on his head, but it is imperative to lay out agriculture in advance. The follow-up work will be handed over to Heiyun's employees in Australia, and Bao Zixuan only needs to have an impression in his heart.

When he returned to the hotel in the evening, Wu Guangzheng was a little puzzled by the young rich man. When I came out, I had nothing but work, and I made myself like an ascetic. These days, he has seen a lot of young and beautiful girls sticking up, but he hasn't seen Bao Zixuan tempted by a person. What kind of person is this, Wu Guangzheng is very puzzled.

But Bao Zixuan is different from him, he is a man with a wife, and he is also the daughter of the king of the ship, even if he has this heart and does not have this courage. But when I saw Bao Zixuan, I suddenly felt that I was still at a high level, and I was able to maintain restraint on such occasions, which is a quality that a successful person should have.

It seems that it should be a good choice to introduce this young man to the fourth sister, and I heard that selling so many shares to Shark Gut is to return Zheng Jiajia's favor. That means that it has nothing to do with Zheng Jiajia in the future, and it seems that marrying Bao Zixuan is a good idea. This time, he came to Australia not only for the purpose of negotiation and study, but also to inspect Bao Zixuan's character. Now it seems that at least the first level has passed, so it's better to ask in detail!

Back at the hotel in the evening, the two of them drank wine and chatted in the room of Baozixuan. Wu Guangzheng said with a smile: "I am a family person, and Bao Sheng doesn't like to go out like me." I think there are many girls who have hinted to you these days, are they also worried about their families? ”

Bao Zixuan knew that Wu Guangzheng would definitely not dare to go out, otherwise he would not be spared when he returned home. Then he smiled and said: "My brother is one, but I don't have to worry about the family, but I don't have any feelings for these girls;

Hearing this, Wu Guangzheng was finally able to report the situation to his family, thinking that he had completed his task well this time.