Chapter 473: Williams Mining

Australia is so rich in minerals that it is known as the "country of minecarts", and many mining companies have their headquarters in Melbourne. Pen Fun Pavilion wWw. biquge。 info

Melbourne was once the capital of Australia, and as Sydney became more prosperous, Sydney citizens wanted Sydney to become the capital of Australia. The Australian government has decided to build a new city between Sydney and Melbourne as the new capital.

Melbourne, as the old capital, naturally has a lot of historical buildings, is the most famous cultural city in the southern hemisphere, and Melbourne's green space rate is as high as 40%, the urban environment is very elegant, has won the United Nations Habitat Award, and has been rated by UN-Habitat as "the world's most inhabitable city for human beings" by UN-Habitat for many years.

Unlike China, Melbourne in November is officially entering a vibrant summer, with birds singing and cicadas chirping, and thousands of trees verdant. When Henry arrived in Melbourne, it was raining, and the smoke and rain added a touch of charm!

"Mr. Williams, if you can come to Melbourne early, you can watch the century-old Melbourne Cup horse racing! On the day of the Melbourne Cup horse race, the racecourse is full of fragrant clothes and sideburns, the men are wearing traditional horse racing clothes or formal suits, and the ladies are wearing all kinds of colorful hats, and the whole festival atmosphere is particularly strong!"

A middle-aged man with a long beard, Keno Tate, chairman of mining giant BHP, lamented that he had come to the airport to greet Henry.

"Oh, yes, that's a shame!" Henry laughed.

Keno Tetron laughed, "It's okay, there's a lot to do in Melbourne." Mr. Williams, you have a rare trip to Melbourne this time, I will take you around for a while, and then we will talk about cooperation!"

"Okay!"

The negotiation was not in a hurry, and since others were kind, Henry agreed.

This BHP company is part of the world's largest mining giant "BHP Billiton", and the other part is Billiton. In the previous life, the two companies merged in 2001. The key factor contributing to this merger is likely to be due to Rio Tinto!

Rio Tinto is now acquiring Northern Australia's mining company, which will become the world's largest mining giant once completed, and at the same time, it will inevitably squeeze the survival space of BHP and Billiton. Therefore, from 2000 to 2001, large mining companies frequently merged, creating the world's two largest mining giants -- "Rio Tinto" and "BHP Billiton." Among them, the merged BHP Billiton surpassed Rio Tinto Group and became the world's largest mining group company!

Seeing that Rio Tinto Group was going to acquire the mining industry in northern Australia, Bihe Company was in a hurry, and Henry called to talk about the acquisition and cooperation, Keno Tate believed that this was an opportunity! Henry invested in Bihe Company, and Bihe Company took the money to merge other companies, so as to rapidly expand its own strength and compete with Rio Tinto Group!

Melbourne is a vibrant and joyful city with so much to offer. Accompanied by Keno Tate, Henry went to the Oriental Chinatown, visited Corinth Street, the most famous financial district in the Southern Hemisphere, and then visited Penguin Island. Formerly known as Phillip Island, Penguin Island is one of Melbourne's must-see attractions. In the penguin landing viewing area on the island, every time the sun is about to set, the sunset reflects the sky into a gorgeous and colorful ocean, the sea and the sky are connected, the snow waves are rolling, and the waves are bursting. After the sky darkened, the penguins who went out to forage during the day appeared and landed in the stormy waves, they staggered a few steps and stopped, the penguins were about 30 centimeters high, black and white-bellied, some penguins were rolled up on the beach, they stood up again, sorted out the team, lined up in a square, neatly and neatly, walked to the shore with a steady and dignified pace, a team of phalanx just left the beach, and a team of phalanxes lined up, as if it was a military parade and continued to march ashore, at most there were more than 3,000 before and after.

After playing for two or three days, the official work began.

According to his analysis report, Henry proposed to Bihe to buy 75% of the company's shares for $25 billion. Keno Tate's board-led board was very pleased with the price and the two sides quickly reached an agreement. Subsequently, the merger of Billiton was launched.

For a time, Australia's mineral industry was surging, and under the influence of this, the price of minerals around the world fluctuated greatly! Many people realized that monopoly mining giants were about to be born, and they would control the price of minerals in the world.

Hearing the news, Rio Tinto immediately accelerated the pace of acquiring Australia's Northern Mining Company.

After seven rounds of negotiations, Billiton acquired Billiton for $18 billion and 20% of the company's shares in just one month. As soon as the news came out, the industry was shocked, which means that the supergiant company was born, and the strength can crush Brazil's Vale and Rio Tinto Group!

The new company, named "Williams Mining", was already the first in the world, but Henry was not satisfied, and soon, Henry's hand reached out to the Northern Mining Company of Australia!

Henry has a lot of money, and he usually buys it at a premium, which naturally makes the other party very satisfied, so the acquisition speed is fast. However, Rio Tinto does not have the financial resources, so it must compete and negotiate very slowly. Rio Tinto intends to complete the acquisition in a hybrid of partial cash and cross-swap, and the biggest contentious point of the negotiations is how to cross-swap shares!

Both sides are desperately trying to lower the market value of the other company, and the negotiation is naturally not easy. The larger the merger, the longer the negotiation time. It takes two or three months, or even longer, for the asset appraisal alone, not to mention the rhetoric between the two sides in the negotiations.

Henry had already sent someone to conduct an asset appraisal of the Australian Northern Mining Company, which was worth about $17 billion. Henry didn't say a word, he directly spent $20 billion to buy it, and he had to smash it to his knees with money! Henry learned that the Rio Tinto Group was only willing to value the Northern Mining Company at $18 billion, which was a difference of $2 billion, and unless the Rio Tinto Group was willing to increase the price, the Northern Mining Company would agree to sell it to itself, after all, $2 billion was not a small amount!

(To be continued.) )