Chapter 610: Is there something greasy in it?
On the afternoon of the third day, Tang met with Richard at the Newmont Mining headquarters in Denver, the capital of Colorado. Exxon and his party.
Richard. Exxon is the CEO and President of Freeport McMullen Copper, and he is also a majority shareholder in Freeport, a member of the Board of Directors and a true powerhouse within Freeport after the Chairman of the Board.
According to Chris, this Richard. Exxon is actually the face of the California consortium in Freeport. Exxon, a former member of the board of directors of the Bank of America Group, was appointed by the California consortium two years ago to serve as the chief executive officer of Freeport Corporation, which oversees the specific business of Freeport Corporation.
"Nice to meet you, Mr. Exxon." Tang is very personable and Richard. Exxon shook his hand and said with a smile.
"So do I, Mr. Tang." For Tang Feng, a newly rising tycoon, the sixty-year-old Richard . Exxon maintained enough respect.
Like Richard. A character of Exxon's level understands Tang Feng very thoroughly, of course he knows how great the energy contained in the young man in front of him is, and even the Texas consortium, which is also one of the top ten conglomerates in the United States, maintains enough respect for the young man in front of him. Naturally, Mr. Exxon will not be overbearing.
Richard. Although Exxon is one of the top leaders of the California consortium, he does not represent the entire California consortium, and the young man in front of him has now grown into a real tycoon who can compete with the California consortium alone with his personal wealth. Exxon can be compared.
And just now Richard. Exxon also witnessed a share exchange case of more than $10 billion, and this young man is the protagonist of this CASE.
Of course, when Chris. Morgan brought up that Tang Feng wanted to get to know him. Chris. Exxon was a little surprised, and of course surprised. Getting acquainted with a tycoon of Tang Feng's level is something that many people dream of. So Richard. Exxon accepted the invitation without hesitation, and after the ceremony, he was brought to Tang Feng by Chris.
There is no imaginary arrogance, nor is there the arrogance that a young man with such a net worth at this age should have. This made Richard. Exxon's first impression of Tang Feng was very good, plus there was Chris next to him. Morgan is a big man who is very likely to become the next generation leader of the Morgan family, so the conversation between the two quickly takes on an extremely relaxed atmosphere.
"What? Mr. Tang wants us Freeport to buy the four gold mines that Barrick Gold is preparing to sell in Nevada? "Richard. Exxon asked in surprise. It's no wonder that the four gold mines that Barrick Gold is preparing to sell in Nevada are actually relatively well-known in the industry, otherwise it would have been almost a year now, and no one would have taken over those four gold mines.
Tang Feng smiled and nodded and said, "That's right, Mr. Exxon, I invited you over this time, and a very important purpose is to discuss this matter with you." You should know. My relationship with Barrick Gold is already very tense right now, and if I were to take over those four gold mines, Barrick Gold would definitely not sell them to me, and as for Newmont Mining, I'm afraid this is also the result. That's why I thought of your company, and that's why I wanted your company to buy those four gold mines for me. ”
Richard. Exxon didn't look like he was joking, but very serious. Finally, he couldn't help but ask: "Mr. Tang, there is no problem at all for me to buy these four gold mines for you." But can I ask, Mr. Tang, why did you buy those four gold mines? As far as I know, the situation of the four gold mines is not very good, and Barrick Gold invested a lot of money in order to develop these four gold mines, so that Barrick Gold's debt ratio has increased a lot. However, the four gold mines did not bring Barrick Gold the income it deserved. Instead, it became a heavy burden that dragged down Barrick's gold. Otherwise, Barrick Gold would not have sold the four mines to pay off its debts. ”
Richard. Exxon's words are actually the reality of the four gold mines now. Don't look at the price of Barrick Gold is not high, only $720 million, but if these four gold mines can be successfully sold, it will solve the debt problem of at least $3 billion for Barrick Gold.
You know, mining a gold mine is actually very expensive. Whether enough gold can be mined to repay the upfront investment is another matter, and the operating costs, labor costs and other various expenses of a gold mine alone are sometimes even several times the real value of a gold mine. For a world-renowned gold producer like Barrick Gold, they sometimes look at the value of a gold mine not directly in terms of how much gold can be mined in the mine, but more in terms of the boost it brings to the company's stock.
As a result, sometimes the gold mines owned by some gold producers may not be really profitable, but they also have to invest several times the amount of gold produced to maintain the operation of the gold mine, because these gold producers want the gold reserves and mining volume in the company's name, which is what a gold producer values most.
That's why Barrick Gold's sale of these four gold mines, worth just $720 million, could settle at least $3 billion in debt for them.
However, what made Barrick Gold feel very depressed was that these four gold mines had been shouting for almost a year, and none of them had appeared. If these four gold mines were to be shut down, the gold mine unions and the local government would certainly not do it. In the United States, a union organization is not a playful organization, and it is an existence that ordinary people can't afford to provoke.
In desperation, Barrick Gold was able to maintain the production of these four gold mines. But once the daily mining of these four gold mines is maintained, all it takes is white silver.
This situation is basically clear to anyone who is engaged in mining, so no one will take this plate. And now, Tang Feng, who has always been a prospecting magic, will actually take this rotten plate that can't be rotten anymore, Richard. Exxon, of course, was full of questions.
Because according to his understanding of Tang Feng, Tang Feng is definitely not this kind of person who will do some brainless things when he has a hot brain. But the request that Tang Feng made in person just now was clearly placed in front of Exxon, is there anything greasy in it? (To be continued.) )