Chapter 588 It's Too Late to Dig

Tuao is rich in resources and has always been a resource export-oriented economy. Their labor force is mainly concentrated in the service industry. So the cost of labor is very high.

Sometimes, rich resources may not be a good thing. It is too easy to make money, and there is no room for labor-intensive industries to survive.

In Tuao, garment factories and electronics factories are not called labor-intensive industries, because such things do not exist. The labor-intensive industries they talk about are slaughterhouses and steel factories. Well, the car factories seem to be the same, although there are not many.

Some people say that this thing is a resource curse. In general, it means that with such huge resources, the ability to innovate is simply lost. In addition to eating and waiting to die, it is eating and waiting to die.

The situation in desert areas is actually very similar. Speaking of it, God is really unfair. A place with a population of more than 20 million has mastered so many resources. Not even interested in mining, this is really no one.

Tuao discovered a super-large iron ore, and White Capital acquired two large mining companies. Once these two pieces of news were announced, they immediately caused an uproar in the capital market.

William White's understanding of BHP Billiton is very one-sided. After all, in his previous life, he was just a second generation who wanted to die. I just heard that this company is very powerful and has cheated rabbits a lot of money.

Based on this alone, he can make up his mind to buy. Big Rabbit is very good at doing business, and it is not so difficult to earn their money.

The foot basin is also a resource-dependent country. The iron ore of the big rabbit is not enough, and the foot basin is also not enough. Hehe, now is the cheapest time, if you don't hurry up to make arrangements, when will you wait?

"Boss, the bank in the foot basin is crazy. These guys want to lend you money like crazy. The funds created by Morgan Stanley were wiped out by those guys."

"Fuck, that's not the case, how did I hear that they are almost finished!"

"Ahem, that's not the case. Small and medium-sized banks have been hit harder. Consortiums like Sumitomo and Ito Corporation still have a lot to gain."

"Tsk, what is this, leading the way? I said, if there is no internal support, the gap in the financial system will be so easy to open."

"Hehe, this time they should have taken a fancy to these resources. I heard that they are also occupying land in the Tuao circle, but they don't know if they can dig iron ore."

"Hey, these stupid 13s don't understand anything. If you dig out any more iron ore, you won't be able to sell it for twenty dollars a ton. Nima, the more this stuff, the better."

"It's not that easy. Our prospecting in Christmas West this time is very accidental. Two companies from Tu'ao have explored that place."

Of course William White knew about this. The foot basin accounted for a large proportion of the mineral resources in this area. Anyway, before he was reborn, the foot basin man was digging here desperately.

Big Rabbit was rather aggrieved. Because of the late start, many good places were gone.

But now it's different, the foot basin people don't have this kind of resources. Their iron and steel enterprises are afraid that they will be unlucky.

The problem for William White now is that there is too much iron ore, and the market simply cannot absorb such a large amount. Otherwise, secretly communicate with Rio Tinto. Let's dig slowly, the more you dig, the lower the price.

The only good thing is that iron ore is not coal. This thing is not afraid of drying in the sun.

Nima, the current iron ore is really too cheap. Although there is no way to create something similar to OPEC, it will be okay if everyone coordinates the output, right?

What? monopoly? Price gouging?

Hehe, this thing can be done but not said. Sometimes, there is no need to say. Some of those who can become giants will be sophomores. Everyone has reduced production, but you have increased production. Have you seen how miserable Kuwait's end is?

This is still a country, as for what kind of company. Don't worry, there will be absolutely no bones left.

"This guy, are you planning to control the number of exports?"

"No, isn't he expanding the bulk cargo terminal? It should be to increase exports. Other iron ore giants are very nervous. The current price is already close to the cost line."

For this subordinate, Pitcaris was very speechless, and you believed what he said. Conspiracy theories are simply the norm among investment banks.

Look at what people said in the announcement, the labor cost in Tuao is expensive, and the land resources are relatively cheap. You can't take it literally. The subtext of others is that labor is too expensive, we want to increase the price, if we can't sell it, can't we still pile it up. Look, isn't that what land resources are cheap for?

Hehe, automated excavation and loading equipment will be widely used. My goodness, how much does it cost, is William White a fool.

After shaking his head and sighing, he said, "In the next ten years, Asia will have a lot of room for expansion. Do you understand the meaning of this sentence?"

"Boss, the economy of the foot basin has no possibility of recovery in the short term. I don't understand. Could it be that he intends to sell it to the big rabbit? But, they don't lack resources at all, right?"

"Oh, go back and take a closer look."

Petcaris doesn't want to talk anymore, if Damo is all such idiots. I am afraid that his future life will not be too easy.

Doesn't this bastard know how many cars Tesla sells in China in a year?

An inexplicable brand is actually sold all over the world. Thinking of this year's IPO, he felt dizzy.

Investment banking Investment banking, the most reliable business, is not the underwriting of stocks. If you don't understand their strategic goals, you should wash up and sleep quickly.

Rio Tinto and Vale are industry giants, and they certainly know how to read them. Haha, at the very least, it is impossible to drop the price.

With such a huge investment, isn't the wool coming from the sheep? I just don't know whether it is the foot basin or the rabbit that pays.

Tsk tsk, otherwise, let's follow up. I heard that the dock workers in Tuao plan to go on strike, and environmental organizations are also looking for trouble. What to say affects the reproduction of turtles.

Nima, do you dare to go any further? Why not affect the reproduction of lobsters? If it's this, maybe that local tycoon who loves to eat lobster will change his mind. Sea turtles are amazing, but they can't be eaten.

God, you said it was delicious.

Tsk tsk, this thing does not explain.

In fact, crooked nuts did not eat less of these things. For good food and beautiful feathers, they eat a lot. Now that they have reformed their ways, those animals will not be able to survive. Now run out to pretend to be a wolf with a big tail, you are fooling a fool.

"Nimma, just after I bought it, they gave me eye drops? I don't agree with all the conditions. If you want to do it, you can do it. If you don't want to, get out. The iron ore is there. At most, it will rust and it will not be moldy."

"Okay, boss, if they are weak this time, they will definitely intensify."

"Hey, I'm convinced too. This salary is much higher than that of the United States. What are they fussing about? The weather is too hot? Fuck, what kind of bad excuse is this, the whole of Tuao is very hot."

William White ignored the clamoring of the kangaroos, you guys are 13, buddies pretend to be koalas now. Anyway, there was no response for a long time, so you can do whatever you want.

What if the iron ore cannot be transported out? The strike of the dock workers is force majeure. Whatever you want, I hope you are happy in your new jobs.

In the new year, I wish you all the best.