Chapter 471: Tang's Mining Family
At this time, as far away as Cape Town, South Africa, and London, England, including Bob . A large group of people, including Stanton, were watching the press conference in front of the television.
However, the expressions on their faces at this time were very heavy, because although they had already known that Newmont Mining was going to hold a press conference today, they never expected that the content of the press conference would be like this, which was greatly unexpected to them.
"Shut down all mines outside the U.S.? Tang Mining into Beaumont? No layoffs? Invest at least $5 billion in cash to adjust the industrial structure? Oh my God, what are Newmont Mining and that Down's Mining going to do? "Nicky. Oppenheimer frowned at Bob to the side. Stanton asked.
Bob. Stanton shook his head slightly, but his brow was even more furrowed than Nicky. Oppenheimer is still tight.
"Yes, the share exchange agreement between Tang's Mining and Newmont Mining is an extremely important strategic adjustment. Our Tang Mining is an emerging mining company, although we now have several very good mines, but our management and operation can not keep up for the time being, so we need to find an old company with rich management and operation experience to cooperate, and similarly, Newmont Mining because of the recent collapse of the international gold price, resulting in operational difficulties, so we Tang Mining and Newmont Mining have joined forces to prepare to tide over this difficult time together."
See Sam on TV. Mendes talks eloquently, Bob. A hint of panic began to appear on Stanton's face.
"Hello Mr. Mendez, I'm Reuters reporter Williams, I would like to ask Mr. Mendes, how sure are you Tang Mining to lead Newmont Mining out of the current predicament?"
"Why? Hehe, it seems that this reporter friend still doesn't know much about our Tang's Mining. But it's no wonder who made the rise of Tang's Mining too short! It doesn't matter, since this reporter friend has asked here, I will explain it to you, I hope to be able to let people all over the world know about our Tang's Mining through your pen and lens."
"We at Tang's Mining are privately held mining companies that were established in Beaumont, Texas, in May last year. Since its establishment, we have discovered and owned the Beaumont oil field in Texas, which is a giant oil field with recoverable reserves of more than one billion barrels and 21 million tons of extremely high-yield oil wells, with a total valuation of more than $50 billion. At present, we have an absolute controlling stake in 80% of this oil field. Mobil Oil holds a 20% stake in this field! Also, we are on Gravina Island in the Alexandria Islands, Alaska. We have just discovered a super precious metal complex with 8,000 tons of silver, 700 tons of gold and 200 tons of platinum, with a total estimated value of more than $40 billion, of which we have an absolute controlling stake in Tang Mining and 20% of the mine owned by General Electric. In addition, we also have a 5% stake in the Bolivian Mutong Iron Mine, while last month. We at Down Mining have also identified and owned a super copper mine in Argentina with more than 48 million tonnes of copper reserves, in which we have an absolute controlling stake of 77%. The Argentine Sigman family owns 8% of the mine, a state-owned mining company in Argentina owns 10% of the mine, and Huaxia Minmetals Group holds 5% of the mine! ”
"This is all the current background of our Tang Mining, I think, as long as you know a little bit about mining, I am afraid you will understand why our Tang Mining has such a great confidence to lead Newmont Mining out of the predicament."
As soon as Sam said that, he said. Anyone who watched the live news broadcast on the TV let out a cry of surprise, and many viewers who knew the mining industry could immediately deduce the total value of the American Tang Mining, which was founded less than two years ago, based on what Sam just said
The total assets of this cutting-edge mining company, which has only been established for less than two years, are many times more than that of Newmont Mining, which has been established for more than 90 years. The most important thing is that the mines under the name of this company are very high-quality, once Newmont Mining can join such a company, it will definitely be a great help to the development of Newmont Mining!
And at this time Bob. Stanton and Nicky. Oppenheimer's face became even worse, and without him, Newmont Mining's trick directly blinded the two of them. Since deciding to start working on Newmont Mining, they have thought of countless possible ways for Newmont Mining to perform, but they have never imagined that Newmont Mining will take the initiative to close the mine.
In fact, it is not unexpected, but because once Newmont Mining takes the initiative to close the mine, it will not be necessary for the eight major gold producers to suppress Newmont Mining anymore, because Newmont Mining, which has closed overseas mines, will definitely go bankrupt and collapse in a very short period of time. This is the fundamental purpose of the eight gold producers.
But now Newmont Mining has really taken the initiative to close overseas mines, and has also made a good show to let Tang's Mining become the owner of Newmont Mining, which is really too surprising Bob. Stanton and Nicky. Oppenheimer's surprise. If there is no Tang Mining, Newmont Mining is definitely self-defeating, but with Tang Mining inserting a lever, Newmont Mining will not only be fine, but will radiate a stronger vitality.
At the meeting in London that day, Bob . Stanton had already emphasized that he should pay attention to Tang Feng, but he didn't expect that Tang Feng's counterattack would be so fast and so fierce, this was simply a stormy counterattack.
Now as the CEO of Down Mining, Sam Brown. Mendes publicly announced the family background of Tang's Mining, which can only increase the confidence of those shareholders who hold Newmont Mining shares, so that Newmont Mining's stock price will rise instead of falling!
This is actually a very simple restructuring operation, but the new owner of Newmont Mining is too rich! Not to mention, the two major measures of not laying off employees and continuing to invest no less than $5 billion in cash are enough to completely bring Newmont Mining, which is on the verge of death, back to safety, and at the same time take Newmont Mining on the fast track of rapid development!
And Newmont Mining made such a play, which immediately brought back all the disadvantages caused by the joint suppression of the eight major gold producers, and also made the eight major gold producers no longer able to suppress Newmont Mining!
What to do? Stanton and Oppenheimer glanced at each other, both recognizing the horror in each other's eyes. (To be continued.) )