Chapter 519 Shocking Investment

Tuao is a very interesting place, rich in resources and sparsely populated. Not to mention any industrial projects, the people here are not even interested in such a thing as mining.

Tuao is rich in mineral resources, but the location is a little awkward. To put it bluntly, if it weren't for the footbasin and Asia's faster development than expected, the minerals here wouldn't be of much use.

Of course, William White's investment in Tuao is not a fancy to the foot basin. To put it bluntly, the bubble economy burst, and the steel industry of the footbasin is basically finished.

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

It's pitiful to say, the big rabbit always says that he doesn't lack anything, in fact, this statement is wrong. Let's just say that iron ore is good, and the most important thing in Tuao is high-grade iron ore, and there are not too many big rabbits.

Someone said, no, isn't there a lot of that Anshan? There are not many similar places.

Hehe, not to mention the difficulty of that wonderful mining, you must know that more than 50% of the big rabbit pipe is called rich iron ore, and the standard here in Tuao is more than 65%.

Don't underestimate this 15%, the profit of the steel mill has always been in the single digits. Before the year 2000, the Celestial Empire was still largely self-sufficient, and after that, I am afraid that the whole world will need to buy mines.

"What, invest in minerals? There doesn't seem to be oil in Tuao. ”

"Boss, he invests in everything, gold, diamonds, copper mines, and the most important thing should be iron ore, anyway, the circle occupies a large piece of land. ”

"Tsk, this hammer in the east and a mallet in the west, what is he going to invest in?"

"Boss, not counting bank loans, his investment in this period of time has exceeded 20 billion US dollars. ”

"So much? It seems that he has decided to invest in industry. But is it interesting that iron ore is so cheap?"

William White doesn't know about other people's slander, and if he knew, he would definitely ridicule him. You know an eggplant, the transportation conditions here in Turkey and Australia are much better than in Brazil.

Well, if these iron ores need to be shipped to the United States, this one is really not cost-effective. In fact, the United States really doesn't need any iron ore, and the mining area of the Great Lakes is basically the largest iron mine in the world.

Therefore, there is a specialization in the art industry, and what you Da Mo is best at is hostile takeovers. For the rest of the stuff, you better save some effort.

William White made money on the footbasin, and that's something the whole world knows. It is very strange that the footbasin man does not hate this guy, but instead gnashes his teeth at Goldman Sachs and Da Mo.

Today, this guy's crazy investment is no worse than the footbasin of the previous two years. Some people say that feng shui rotates, but some people are a little unimpressed.

The footbasin is in turn, but William White is not. In the past few years, when has he ever spent money softly. This time, it's just a little bit of an exaggeration.

"Boss, we have bought a few pieces of land that you like, should we set up a prospecting team now? ”

"Well, yes, the scale doesn't need to be too big, we don't have experience in this area, let the headhunter provide information, we need a good CEO." ”

"Okay, boss. This time, the movement was relatively large, and many mining companies expressed dissatisfaction. ”

"Dissatisfaction, jokes, isn't it Bi Haibi and Biliton? staring at their stocks, if the opportunity is right, you can short a wave. By the way, go and ask Da Mo if he is sure of the overall acquisition. ”

"Okay, I'll ask, hehe, I guess they're going to be scared. ”

"This is the world of capital, whoever has more money is the uncle, and now it is obvious that I have more money than them. ”

Filson was pretty sure that the boss was going to disgust people. Of course, the boss won't mind picking up a bargain if it's possible.

Filson didn't know what the numbers of these two were, but William White knew very well. Isn't this what BHP Billiton would be, but they're not very good now.13

Today's iron ore prices are very low, although these two also say that the resource giants. The most important thing in my hand is iron ore.

William White took it for granted, and immediately choked the two Tuao companies. Well, half of it is scared. They can only instinctively reject overseas capital, but they didn't expect that this rice cowboy is so strong.

What they don't know is that William White really didn't just say it casually. Today's iron ore prices are basically at an all-time low. As with the oil companies, it must be the most cost-effective to buy now.

Of course, acquiring a company of this size is certainly not a trivial matter. Without a year or two of tug-of-war, it's just a dream.

Even if others agree, it will still be approved by the Turkish and Australian governments. It's really troublesome to get down a bunch of formalities.

The richest man planned to be unreasonable, and all of a sudden, several relatively large companies became quails, especially Rio Tinto.

Everyone is playing with resources, of course they see that something is wrong, Bi Haibi and Billyton's eyebrows are coming and going, and it is not a day or two. In order to compete with Rio Tinto, the two are intended to be combined.

Well, now there is this pesky cowboy. directly planned to take the two in-laws away together, which is quite unreasonable, and may be the US imperialism.

Rio Tinto is now worried that if the goods are still not satisfied. It's hard to resist here.

Fund?

For others, they believed, this could be a problem, and for William White, no bank would refuse his loan request.

To put it mildly, if these three are packaged and taken away, no one may use any high-leverage buyouts. The biggest possibility is to privatize and delist, and after the integration is completed, it will be repackaged and listed.

", this merger, are you sure it's not a joke?" Hearing the news, the boss of Da Mo couldn't help but burst into foul language.

"Boss, it should be a temporary idea, his think tank, has just begun to contact major banks. ”

"Hey, this is the money burned out? He should have gained more than that, right?"

"Ahem, boss, he has two hundred tons of gold spot in London, and with this gold as collateral, he can get a lot of loans. ”

"This madman. ”

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

"Hehe, you can give it a try, I don't hope it's very big. It's mainly about staring at the two Tuao companies, it's really not good, isn't it still possible to consider Rio Tinto? ”

"Tsk, it's just a sarcasm of him, and it's going to be acquired. I think Rockefeller should be very happy. ”

What the outside world thinks, William White doesn't care. As for whether it is arbitrary, hehe, you can understand this thing yourself.

No matter how sluggish the iron ore is, this kind of acquisition is close to the 10 billion level. If you add Rio Tinto, the iron iron will exceed 10 billion.

An investment of this magnitude, there may be a lot of work. However, he was not in a hurry. There are at least five or six years left to leave the iron ore and take off, just wait slowly.

Whatever the truth, no one dares to talk too much now. You said he didn't understand the extractive industry, and they admitted it. Since you're so powerful, I'll take you in.