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This James's words simply didn't give any face, and Mitsui Noriyo was humiliated by his words and the mocking look on his face.

What's the matter, do you talk about business, it's mainly about one word, you don't give face now, can we still have fun together?

"Can't say that, Mr. James?"

"What do you say? Mr. Mitsui? The current price trend of iron ore is indeed very good, and in the next few years, it will be in a rising stage for a long time, but you and I both know why, and it is not because of the rapid growth of the big guy across the strait in recent years? But who can say how many years their growth posture can last? And once they become the real largest acquirer, the issue of pricing power, the two sides will inevitably have to argue, and this iron ore business, you and I know, is a cyclical business, if it is like Mitsui chaebol, which has subsidiaries such as Toyota and Sumitomo Metals, or a friend company, it has a long-term demand for iron ore, and it is easy to accept it, but the key is that in my hands, there is no such long-term demand for metal companies, so I originally did iron ore for the purpose of doing it. It is to take it out and sell it to those iron mills, but once the economic environment enters the stage of uninvited growth, then what will the price of iron ore be? I think you and I are equally aware. So you think. Your iron ore business. Is it comparable to the Dirham oil company in my hands? ”

James's words can be said to be heart-wrenching, and he doesn't give face at all, this is simply a special slap in the face of Chiguoguo!

Indeed, the iron ore business is this virtue, three years are good, three years are bad, and it can even be said that most of the time is not enough to eat.

Before the rise of China, the demand for iron ore worldwide was not very large. Rio Tinto is a well-known mineral resources company at best.

If it weren't for the fact that Huaguo's steel alliance was so incompetent, how could it be Rio Tinto's turn to be arrogant and slaughter so many knives on them?

Before the rise of China, Rio Tinto and BHP Billiton, as well as Vale were the world's three well-known iron ore suppliers, at that time the world's largest import of iron ore was Europe, especially Germany, as a manufacturing power, they need to import a large amount of iron ore powder every year.

It is also mainly imported from these three iron ore companies. At that time, when the manufacturing industry in Germany and Europe was still very hot, there was a great demand for iron ore. So these three companies hooked up with each other and planned to jointly raise prices.

What was the result, wasn't it the Germans who united with other European countries and gave a few big slaps in the face?

At that time, the Germans were annoyed by their shameless annual price increases, and even unilaterally closed long-term contracts, and in a fit of rage, they united the steel companies of several other developed countries in Western Europe, and everyone united to form a steel alliance.

Aren't you raising prices? Well, we won't import iron ore powder from you, where do you like to go, the Germans turned their heads and began to dig potential around the world, and even bought scrap metal in large quantities and recycled it into the chain.

After stopping for a year, the last few iron ore supply companies couldn't stand it, so they could only obediently hand over the pricing power, how much people said the price, you have to sell as much as you want, or everyone discussed, how can you say that the price will be raised?

However, on the one hand, the Huaguo Iron and Steel Alliance was too incompetent, on the other hand, it was an internal intrigue, and the situation of tearing down each other was too strict, and finally Huaguo became a lamb to be slaughtered in front of the three iron ore supplier alliances.

Of course, this is a few years later, and now that Li Yifan knows, who can say what will happen in the future?

So when I think of these things that James said, even if Mitsui Noshira is trying to quibble, he has to admit that what he said is a fact, from the market positioning of iron ore and market position, it is absolutely impossible to compete with oil companies.

It is indeed a bit unreasonable that he wants to use the controlling stake in the Rob River Iron Mine to exchange the dirham oil company in the hands of others.

"Okay, Mr. James, then you tell me a price, and I'll see if it's suitable?"

Mitsui knows that at this point, he has completely lost the lead in this negotiation, because he does not have a bargaining chip in his hand that can make the other party tempted.

Next, it is time to enter the link where the other party bids and counters by yourself.

"Well, in fact, this Rob River Iron Mine, we are not unacceptable......"

When James said this, his eyes rolled, the reason why he was crazy about belittling this Rob River Iron Mine just now was to make him a big discount.

And Mitsui Noryo also rolled his eyes at this time, sure enough, you damn guy, okay, I'll see if you want something in addition to this iron mine.

"Of course, it is absolutely not enough to have this iron mine, so that we can make a fair assessment, according to market expectations, to estimate the market value of the shares of this iron mine that you have mastered, in fact, it is not difficult, I have probably done some market research before, according to the current market reaction, your iron mine, especially the market value of the shares you hold, is about between three and five hundred million US dollars."

"It's a ...... of $500 million"

Although he was very unwilling, Mitsui had to admit that the guy on the other side was fair to the stock price of the Luobo River Iron Mine.

This iron mine is jointly controlled by them, Mitsubishi, Itochu and Rio Tinto, of which they have the largest shares.

Previously, they owned more than 40 percent of the iron ore mine, while Mitsubishi and Itochu had about 10 percent of the controlling stake, and the remaining 50 percent belonged to Rio Tinto.

It stands to reason that Rio Tinto is the main controlling shareholder of this mine, but considering that Mitsui also holds more than 10% of the shares of Rio Tinto, then Mitsui Chaebol is actually the owner of this mine.

This is also the most shrewd place for the Japanese, in Australia, many iron mines, they are in this way and Rio Tinto and BHP Billiton, jointly controlled.

They generally hold a controlling stake of 30 to 40 percent of the iron ore mines jointly controlled by Rio Tinto, while they have a controlling stake of between 10 and 15 percent of the iron ore mines jointly controlled by Bill and Billiton.

But they will also compete for a controlling stake in the iron ore mines by buying Rio Tinto, or BHP Billiton, as their shareholder.

Therefore, after so many years of infiltration, in fact, the Japanese are the real owners of Australian iron mines, which is a bit excessive, but it is not an exaggeration at all.

This Luobo River mine is now the best quality and most valuable iron mine controlled by Rio Tinto.

First of all, it is relatively close to the coastline, and the surrounding railway and deep-water port construction is very mature, transportation is not a problem, and the iron ore here is of high grade, the annual output is huge, and there is a greater possibility of deep mining, so this iron mine is actually quite valuable.

Especially if you wait until a few years later, after Huaguo University engages in real estate construction, automobiles, and high-speed rail, at that time, their demand for iron ore is simply endless.

Therefore, mastering such an iron mine will undoubtedly be a treasure in the future.

What's more, the reserves of this iron ore mine can last for decades, and it has always produced high-grade iron ore with a grade of more than 50%, and the current annual output is 32 million tons, and after a few years of expansion, the production capacity here will reach more than 50 million tons per year.

Even if half of this production capacity is taken out, it can meet the needs of Li Yifan's own special metal smelting company in China, and even some of it can be sold to other steel companies in the market.

So in fact, Li Yifan came to Japan this time for this Luobo River iron mine, of course, now this dirham company is so valuable that just an iron mine can not satisfy his appetite.

After all, if her dirham oil work continues to develop according to the current momentum, she may become a large enterprise with a market value of more than 10 billion yuan in every minute.

And what Mitsui is now taking out is only 33% of the shares of an iron mine, plus the 7% he obtained before, it is only 40% of the shares.

Although this can already guarantee that Li Yifan will become the biggest controller of this iron mine, for him, these conditions are still not enough.

Anyway, if you want to pit the Japanese, then don't you pit them to death?

If you miss such a good opportunity, if God doesn't say anything, Li Yifan will not forgive himself.

"Well, even if it's 500 million dollars, but Mitsui, you're still too bad. How much can you come up with in cash? ”

At this time, Li Yifan, who was alias James, didn't plan to go around in circles with Mitsui, so he asked directly.

"Cash? I want to think about it...... How about 500 million? ”

Mitsui Noryo pondered for a long time before he let out a long breath and said.

"Are you kidding? Mitsui, or are you simply insincere? Mitsui zaibatsu, but as one of the top eight chaebols in Japan, you want to buy my oil field, but you can't even take out a billion in cash? ”

James's face suddenly became gloomy, and Mitsui Noriyo here also chuckled in his heart when he saw his demeanor.

"James, I'm really not joking, and that's my greatest sincerity, because you know, after all, this is not my company!" (To be continued......)