Chapter 130: Man-Eating Crocodile (I)

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Melbourne, Lonsdale Street, BHP Billiton Headquarters.

Still in the same room seven or eight days ago, Bob. Stanton was holding a document that was being carefully reviewed, compared to Steve. The last time Patos submitted information about Tang's Mining Company, this one is undoubtedly more detailed.

This information is still Steve Brown. A few days ago, Patos provided that he sent the first piece of information to the boss's desk, but the boss did not get the boss's appreciation, but the boss also did not criticize him, which made Steve . Patos's heart tightened, and he knew that the boss was expressing extreme dissatisfaction to him.

So Steve, who was scared like a quail. Patos used all his connections again, and even spent a large amount of money to hire a world-renowned private detective company to have the most comprehensive understanding and spying on the Tang Mining Company, and at the same time, he himself went to Kajabi to have a face-to-face direct conversation with Tang Feng.

What does the boss mean, Steve who has been working under the boss for more than fifteen years. Patos naturally knew. A master like the boss who eats people and doesn't spit out bones, what he thinks in his heart must be to swallow this Tang Mining Company in one bite, and it is best to swallow it directly without spending a penny!

That's right, Bob. Stanton did have the idea in his mind, and since he saw the webcast of that press conference on the Internet that day, the idea has been in Bob's mind. Stanton's heart took root.

If you want to let people such as Rio Tinto, Brazil's Vale, Canada's Senko Energy, Barrick Gold, the British American Group, Switzerland's Strata and other top mining groups know about Bob. Stanton has taken a look at a little guy again, so these people will definitely collectively mourn for this little guy.

In the global mining industry, Bob. Stanton has a famous, but extremely bloody, nickname - the man-eating crocodile! And Bob. The reason why Stanton has such a chilling nickname has a lot to do with his achievements in the mining industry over the years.

From Bob. More than 30 years ago, the competition in the mining industry was far more brutal than it is now, because at that time, the laws of various countries were not so sound, and the international belief in the supremacy of force was still evident from the wars launched by the United States.

Bob of the year. Stanton joined BHP's legal department as a Master of Laws (LL.M.) and has just joined BHP's Bob Billiton. Stanton successfully and beautifully solved the crisis of a mine that had conflicts with the local aborigines, because BHP Billiton took a fancy to a coal mine located in the Northern Territory Aboriginal Reserve, but because the local natives did not allow BHP Billiton to develop the coal mine, it caused a lot of disputes, but the high-quality coal mine reserves were very large, BHP Billiton was unwilling to give up, so it triggered a two-year confrontation with the local aborigines, which not only caused a lot of losses to the local economy. Even BHP Billiton itself has suffered a lot of economic losses.

It was at this time that Bob, who had just joined BHP. Stanton began to show his talent and his ruthlessness, after fully understanding the whole process of this matter, this guy took advantage of the loopholes in the "Mining Law" issued by the Australian Commonwealth and the Northern Territory at that time, and took advantage of the contradictions within the local aboriginal people, and attacked from many aspects, on the one hand, he fought a lawsuit with the Ministry of Mines in the Northern Territory, and on the other hand, he took a means of co-opting and dividing those indigenous people, supporting one group of people and attacking another group of people, which took less than three months. Successfully brought the high-quality thermal coal mine into the arms of BHP Billiton.

Since that battle, in the following 30 years, Bob has been seen in all BHP Billiton's mergers and acquisitions. Stanton's figure, from the 80s to the present, BHP Billiton has launched mergers and acquisitions against those small and medium-sized mining companies. Stanton has played an extremely important role in this, and there have even been several mergers and acquisitions that have been made by Bob. Successfully implemented under the auspices of Stanton.

And the most so Bob. The three major battles that Stanton is famous for, and the main reason why he has that terrifying nickname, all took place in the new century.

The first merger and acquisition gave BHP Billiton its current name and the foundation to become the world's largest mining group.

The merger was the acquisition of Blevenhill, which caused a sensation in the global mining industry at the time, at a premium of 20% for a total of $28 billion.

That's right, before the new century, BHP Billiton, which we are familiar with, was not called this name in China at that time, and BHP Billiton was called "Australian Brookenhill Company" by the Chinese people.

In 2000, the global iron ore trade volume was only more than 200 million tons, less than 1/5 of the global total in 2013, and China did not fully participate in the annual international iron ore negotiations that began in 1981. In the middle of that year, Bruken Hill took a fancy to a Brazilian CMM company (CaemiMineracao Metalurgia S.A.).

At that time, CMM owned 84.8% of the Brazilian mining company MBR, which was located in Brazil's "Iron Four Corners", which claimed to have 150 billion tons of reserves and was one of the world's major sources of iron ore.

At that time, CMM also owned 50% of the Canadian iron ore QCM (Quebec Cartier Mining Co.).

Such a high-quality resource will naturally cause others to covet it, and the same is true of CMM, which was favored by Bruken Hill at that time. Stanton was eyed. And this time, Bob. Stanton is the Deputy Investment Manager at BHP Billiton.

Bob. Like a cunning crocodile, Stanton took the initiative on January 6, 2001, becoming the highest bidder for CMM's common stock with a bid of $332 million, as well as the right to negotiate with the Frering Brothers (CMM's founders), which owns 60% of CMM's voting shares.

Once an agreement can be reached with the Frering brothers, Bruken Hill will have a good chance of catching up with or even surpassing its main Australian rival, Rio Tinto.

However, Japan's Mitsui & Co., which owns 40% of CMM's shares, became the spoiler of the merger, because at a critical moment, Mitsui & Co. finally exercised the right to acquire CMM's common stock. Stanton's carefully planned acquisition came to naught.

However, Bob, who has been hit so hard. Undeterred, Stanton quickly mobilized the company's shareholders with another target, and then encouraged the company to merge with the new target. The new target is Bliedon Mining, a company that has been hailed by the market as "a pioneer in the international mining industry, known for its innovative and intensive approach to operations".

As a result, there were no spoilers this time, and it didn't take long, Bob. Stanton's team quickly landed Billidon at a 20 percent premium, or about $28 billion. The reason why the latter accepted Brukenshire, also to avoid being acquired by its old rival, Anglo American. The combined company was established with BHP holding 58% of the shares and Billidon holding 42% of the shares.

Since then, the English abbreviation of Bruken Hill has changed from the former BHP to the now famous BHPBilliton, which translates into BHP Billiton