Chapter 147: The Rise of Northern Mining
"To find out if there are minerals in a place, you need to collect not only specimens, but also folk information and legends. Large deposits are discovered under a variety of external characteristics and manifestations. For example, where there is copper mine, there is malachite and plants that like to grow around copper mines, where there is magnetite ore, strange physiological phenomena and strange things are prone to occur, where there are coal mines and oil and gas, plants are scarce and the land is barren, and where there are tin mines, there are tin grass, and so on. "In the classroom of the Northern Mining College, the teacher shows the students all kinds of specimens and pictures that must be understood in mining.
North Mining Group is an absolute holding consortium under Chenji Group Mining Corporation, and its subsidiaries are all mining companies located in various regions in Liaoguo, with 122 wholly-owned subsidiaries, 20 subsidiaries with absolute holdings, 109 companies with relative holdings, and 30 companies with shares. The business involved includes the mining, processing, transportation, sales and so on of ferrous metals, non-ferrous metals, base metals, coal, petroleum, non-metallic minerals and so on. Nominally undisclosed mines include the Great Wall and all mines in Asia north of latitude 40°N and longitude east of longitude 60°E. Its market capitalization is estimated at about $50 trillion 1990 international dollars. The existing excavated mines are basically small mines close to residential areas, and the annual output is equivalent to ten times the output before the birth of Chenji Group.
Since the birth of Northern Mining, the start-up capital of 1 million Chen base money (equivalent to 200,000 copper coins) was used to buy the largest copper mine in Liao, which is in Feihu County, Ulzhou (Laiyuan County, Baoding, Hebei). The copper ore produced each year was minted into copper coins by transporting them to the newly established Dingzhou Guangfeng Supervisor near the border Rongchang, and then went to the Liao State to buy mines and various resources.
With almost unlimited cash flow, the pace of M&A expansion is phenomenal, with capital and assets increasing by an astonishing 500% in the first year without most of the assets (mines) being profitable. By the following year, when Chen Hui entered North Mining and purchased ore from the silver mine opened by the Gyeongju Jiedu Envoy, a subsidiary of Sanggyon-do, North Mining's net worth exceeded 30 million Chenji. When Chen Hui was promoted to the chief treasurer of the Shangjing branch (that is, the fifth year). Northern Mining has the actual power to monopolize all the minerals in Liao, and its net assets have reached almost 700 million Chen.
The cash flow is maintained at 10% of the net assets ratio all year round in case of accidents, and the excess money goes to land enclosures, bribes, and the purchase of mining and smelting equipment.
This speed also leads to no shareholders willing to take its core assets to go public to make money, although Yuanyou ten years of Xinjing's securities trading has been very prosperous, but the North Mining, which is not bad for money, only took 25% of the shares of two wholly-owned subsidiaries (Anshan Mining and Anshan Iron and Steel in the southwest of Liaoyang, Liaodong) and circled a 20 million yuan of funds shamefully hidden. In fact, these shares are only a fraction of the assets that pass through the company's mining in the north.
According to the latest valuation given by the internal statistics department in 11 years, the net assets of Northern Mining are 7 billion Chenji. That is, it is equivalent to 7 billion buckets of rice, that is, 35 billion kilograms (35 million tons) of rice, and its market value should exceed 175 billion soft sister coins according to the price of 5 soft sister coins per kilogram.
The original 100,000 shares of North Mining (10 Chenji money per share) have also become 10 million shares after the dividend distribution, and the price per share is at least 9,000 Chenji according to Yuanyou's 10-year net profit per share of 30 Chenji money and the 300 times price-earnings ratio of the high-growth surname. Its market value is at least 90 billion Chenji money, that is, 2.25 trillion soft sister coins, easily surpassing PetroChina.
Having said that, the market value of Chenji Group surpassed Apple, the highest market value in later generations, as early as Yuan You's 8th year. It is impossible to evaluate this group as a business organization, and the state trust group can more fairly describe this group that covers all industries.
In a short period of 8 years, among the many subsidiaries of Chenji Group, the fastest development rate is still North Mining. The reasons are varied. Liao's vast land and sparsely populated land, low land prices, poverty and backwardness, extremely low labor prices, extremely high prices of metal products, easy land enclosure, and relatively easy equality between landlords and nobles are all reasons for the rapid increase in book assets.
However, in fact, when the book assets of the northern mining industry increased rapidly, its downstream processing capacity did not keep up, and there were no mines without equipment for mining and transportation. Ore is buried in the ground and is difficult to liquidate. Almost 90 percent of the ore of the entire Liao State depended on the supply of northern mining, but this dependence was only based on the premise that the processing capacity of the Liao State was basically zero compared to that of the Great Song Empire.
The northern mining industry is almost equivalent to the mining industry of the Liao country, and the northern mining industry is also equivalent to the industry of the Liao country. So what about the steel production of Liao?
Obviously, Liao's iron production has fallen into negative growth, and steel production has been zero. This is the purpose of crossing the public, using the low-cost steel products exported by the Great Song Empire to the Liao State to destroy the industrial base of the Liao State. The monopoly of upstream raw materials and the situation that it is impossible for downstream to compete with imported goods is caused by the fact that the upstream and downstream are forced to make it impossible for Liaoguo to industrialize.
This layout was also thought up by Chen Hui, and it was also the reason why the Traversal gave him such a high authority. Crossing many numbers are the imperial and Han systems, and a large number of private goods are mixed in the ideological education. The students who have been trained are also very thorough about Huayi's discrimination. Naturally, all plans have taken national rejuvenation as the starting point. The work of strengthening oneself is being done by the people, and the work of weakening the enemy has to be done by the disciples.
All mines are mined by high-paid foreign laborers, and the main reliance on reducing the number of foreign races by unscrupulous means is to slaughter foreign men and marry foreign women. How to reduce interracial men? The experience of later generations greatly helped the traversals. Indian laborers died in the mines of the Andes before the colonists brought in black slaves. Sending Mongolian men to become monks and lamas is also the reason why Mongolia almost died out under the rule of the Qing Dynasty for 300 years.
To destroy a nation, one must first disintegrate its culture; To dismantle its culture, it is first necessary to eliminate the language that bears it; To eradicate this language, first start with their school. ----- Wang Xinyu (who shamelessly preempted Hitler's quotes) is on the first side of the textbook of diplomacy.
Letting the descendants of other races work for themselves was also one of Genghis Khan's strategies, and assimilation education was also an indispensable means. The cost of free Chinese language education is also an important strategic expenditure of the mining group.