Chapter 520 Scary Investment

Tu'ao is a very interesting place with rich resources and sparse population. Let alone industrial projects, the people here are not even interested in mining.

Tuao is rich in mineral resources, but the location is a bit awkward. To put it bluntly, if it weren't for the faster-than-expected development of the foot basin and Asia, the minerals here would be useless.

Of course, William White's investment in Tu'ao was not because of the foot basin. To put it bluntly, the bubble economy burst, and the steel industry in the foot basin was basically over.

There is no hope for the foot basin, but the great development of the Celestial Dynasty has not yet begun. What can be seen now is very limited.

It's pitiful to say, but the big rabbit always says that he doesn't lack for anything. In fact, this statement is wrong. Let’s just say that iron ore is good. The most important thing in Tu’ao is high-grade iron ore, but Big Rabbit doesn’t have much.

Someone said, no, isn’t there a lot in Anshan? There are not many similar places.

Hehe, let’s not talk about the difficulty of mining that weird thing, you have to know that the big rabbit calls rich iron ore with more than 50% of it, and the standard here in Tuao is more than 65%.

Don't underestimate this 15%. The profits of steel mills have always been single digits. Before 2000, China was largely self-sufficient. After that, the whole world may need to buy mines.

"What, investing in minerals? Tuao seems to have no oil."

"Boss, he invests in everything, gold, diamonds, and copper mines. The most important thing is iron mines. Anyway, the circle occupies a large area of ​​land."

"Tsk, this is a hammer here and a stick here. What exactly is he planning to invest in?"

"Boss, not counting bank loans, his investment during this period has exceeded 20 billion dollars."

"So many? It seems that he has decided to invest in the industry. However, iron ore? The price of this thing is so low? Is it interesting?"

William White didn't know about other people's slander, if he knew, he would definitely retort. You know eggplants, the transportation conditions here in Tuao are much better than in Brazil.

Well, if these iron ores need to be shipped to the United States, this is really not cost-effective. In fact, the United States really does not need any iron mines. The mining area of ​​the Great Lakes is basically the largest iron mine in the world.

Therefore, there are specialties in the technology industry, and what you are best at at Morgan Stanley is hostile takeovers. For other things, save yourself some effort.

William White made money in the footbath, and that was known all over the world. It's very strange that the foot basin people don't hate this guy, but instead gritted their teeth against Goldman Sachs and Morgan Stanley.

Today, this guy's crazy investment is no worse than the foot basin of the previous two years. Some people say that Feng Shui takes turns, but some people disagree.

The footbaths rotate, but not William White. In the past few years, when has he spent money softly. This time, it was only slightly exaggerated.

"Boss, we've bought all the places you're interested in. Shall we set up a prospecting team now?"

"Well, yes, the scale doesn't need to be too large. We don't have experience in this field. Let the headhunting company provide the information. We need a good CEO."

"Okay, boss. This time there was a lot of movement, and many mining companies expressed their dissatisfaction."

"Dissatisfaction, joke, isn't it just Bihaibi and Billyton? Keep an eye on their stocks. If the opportunity is right, you can go short. By the way, go ask Morgan Stanley if you are sure about the overall acquisition."

"Okay, let me ask, hehe, I guess they will be frightened."

"This is the world of capital. Whoever has more money is the master. Now it is obvious that I have more money than them."

Filson was very sure that the boss was planning to disgust people. Of course, if it is possible, the boss will not mind picking up a bargain.

Filson didn't know what the two were, but William White knew it very well. Isn't this the later BHP Billiton? It's just that they are not very good at 13 now.

Today's iron ore prices are very low, although these two are resource giants. The most thing in his hand is indeed iron ore.

William White took it for granted, and immediately angered the two Turkish and Australian companies. Well, half of it is scare. They just instinctively rejected overseas capital, but they didn't expect that this American cowboy would be so powerful.

What they didn't know was that William White really didn't just talk about it casually. Today's iron ore prices are basically at historical lows. Like oil companies, buying now must be the most cost-effective.

Of course, acquiring a company of this size is definitely not a trivial matter. Without a tug-of-war for a year or two, it is simply a dream.

Even if others agree, it still needs to be approved by the Turkish and Australian governments. After a bunch of procedures, it is really troublesome.

The richest man decided to be unreasonable. Suddenly, several relatively large companies became quails, especially Rio Tinto.

Everyone was playing with resources, so of course they saw something was wrong. Bi Haibi and Billiton had flirted with each other for not a day or two. In order to be able to compete against Rio Tinto, these two are intended to be combined into one.

Well, here comes this nasty cowboy. It is unreasonable to directly plan to take the two parents-in-law away together, and it may be the emperor of the United States.

What Rio Tinto is now worried about is if the goods are still not satisfied. It's hard to resist here.

funds?

For others, they believed, this might be a problem, and for William White, no bank would refuse his loan request.

To put it bluntly, if these three companies are taken away in a package, they may not use any high-leverage buyout. The biggest possibility is privatization and delisting. After the integration is completed, it will be repackaged and listed.

"Fuck, are you sure you're not kidding about this merger?" Hearing the news, the boss of Morgan Stanley couldn't help but swear.

"Boss, it should be a temporary idea. His think tank has just started contacting major banks."

"Huh, is this money burned out? Shouldn't he have more than these harvests?"

"Ahem, boss, he has 200 tons of gold in stock in London. Using the gold as collateral, he can obtain a lot of loans."

"This madman."

"Boss, can we recommend the Great Lakes mining company to him?"

"Hehe, you can give it a try. The hope is not very great. The main thing is to focus on the two local and Australian companies. If it doesn't work, can you still consider Rio Tinto? Let us buy it from Morgan Stanley, and he has no plans to talk about it."

"Tsk tsk, I just satirized him, and now I plan to buy it. I think Rockefeller should be very lucky."

What the outside world thinks, William White doesn't care. As for whether it is emotional, hehe, you guys have to figure it out for yourself.

No matter how sluggish the iron ore industry is, this kind of acquisition is close to tens of billions. If you add Rio Tinto, it will be more than 10 billion yuan.

With an investment of this size, there can be impulsiveness there. However, he was not in a hurry. It takes at least five or six years to take off from iron ore, just wait slowly.

No matter what the truth is, no one dares to talk too much now. You said he didn't understand the extractive industry, and he admitted it. Since you are so powerful, I will include you.