manynovel Chapter 690 Retaliate with the way of others
Chapter 690 Retaliate with the way of others
Australia in November is the best time of the year, spring has not passed, and summer is coming.Compared with the ice and snow in the northern hemisphere, Australians living in the fragrance of birds and flowers can be living in a paradise of happiness.
It's just that in the headquarters of the world's mining giant Rio Tinto Group in Melbourne, the staff found that the company's senior management seemed to be in a bad mood these days, and all of them were sullen, as if someone owed them money!In just a few days, there were no less than [-] staff members who were reprimanded by them for some things!Some are even in public places!This abnormal situation has caused a lot of laughter to be lost in the Melbourne headquarters!
John McMahon Fraser, head of the Rio Tinto Group's Melbourne headquarters, a 57-year-old British man, was walking around the office restlessly!Although he already knew that the abnormality of the company's top management cadres these days has affected ordinary employees in the company, but he really doesn't care about it now!
Just four days ago, they just got the news that Russia's Norslik Group Company was secretly negotiating with Australia's Western Mining Company, intending to acquire 40.00% of Australia's Western Mining Company's shares!
Russia's Norslick Group Company is a group company established after the disintegration of the former Soviet Union, consisting of itself and many of its subsidiaries. The president of the company is said to be a beautiful Japanese woman!The company's operations are spread across many countries of the former Soviet Union.The company is mainly engaged in surveying, exploration, mining, beneficiation and smelting of ferrous metals, production of ferrous metals and precious metals, production and sales of non-metallic ores, and is one of the major producers of ferrous metals and precious metals in the world. In the territory of the former Soviet Union, there are quite rich raw material production areas.
Although the total assets and status in the world's mining industry are not comparable to mining giants such as Rio Tinto Group, BHP Group, Billiton Group, and Vale, their strength is not to be underestimated!
The Australian Western Mining Company, a state-owned mining company in Australia, owns two iron ore mines with a total reserve of 8000 million tons in Western Australia.Due to the poor management of the company's management, it is difficult to control the company's costs. Over the years, the profits that can be obtained have become less and less.And after the Southeast Asian financial crisis broke out in [-].Due to the shrinking of the world iron ore market, it is in a situation of facing losses.The Rio Tinto Group is working on its acquisition, and has been negotiating with the Australian government and Western mining companies for more than a year, and the differences between the two parties are gradually being bridged!
But just at this time, there was news that the Russian Norslik Group Company intends to intervene. How could it not make them, the company executives, feel angry?
Rio Tinto is actually not very worried that Australia's Western Mining Company will fall to his family, a Russian company.Although it has good strength, it is not so easy to seize food from the tiger's mouth in Australia, a country where the Rio Tinto Group has been operating for decades!Rio Tinto Group believes that it has all kinds of means and methods to make this polar bear go back to the north honestly!
However, even if the Rio Tinto Group has enough confidence to believe that the Australian Western Mining Company will surely fall into their own hands, they can't change a little bit.That is the sudden appearance of the Norsrick Group, which caused great changes in the plan of the Rio Tinto Group to acquire Western Mining Company!
There is one more competitor No, and the Norslick Group Company only requires 40.00% of Seven's shares.In this case, the Australian government can still retain 50.00% of the shares, which undoubtedly has a great temptation for the Australian government, which is not so willing to sell the company.
And taking a step back, even if the Australian government is not optimistic about Norslick Group, it can take this opportunity to raise the price again!Rio Tinto's acquisition will undoubtedly cost more money and time!
The management personnel of the Melbourne branch of the Rio Tinto Group headed by Fraser simply cannot understand the decision of the Norsrick Group!Although the Australian Western Mining Company has two iron ore mines with rich reserves.However, there is no shortage of iron ore reserves in Russia and the republics of the former Soviet Union. Is it worthwhile for Norslick Group to travel half the world to Australia to grab resources?Isn't it too much to eat?With this skill, why not think about how to find new mines in Russia.But if you don't understand it, you can't understand it.Anger be angry, something happened, and Fraser had to find a way to fix it.
In particular, Rio Tinto Group is not without rivals in Australia.BHP and Billiton, which have been rumored to merge, are Rio Tinto's biggest rivals in Australia!BHP is Australia's oldest and largest company with a diverse mineral portfolio, including metals, oil, gas and steel, and is known for its continuous development of new businesses in Australia and abroad; while Billiton owns A first-class portfolio of metals and other resources assets, including manganese, aluminum, thermal coal, etc., through the acquisition, expansion and development of new projects, known in the global mining industry for innovation and strict cost control.Yes, the two companies are highly complementary businesses.
The three companies can compete with each other and cooperate with each other in the Australian market.In the face of foreign emerging companies, they can tacitly suppress together, but when there is no external competition, they will suppress each other!
The senior management of the Rio Tinto Group has always been worried about whether BHP and Billiton will merge. Once the two companies with highly complementary businesses are merged, they will become the second largest mining group in the world with many development projects and a large number of high-quality assets. The company firmly put the Rio Tinto Group under its pressure.
In fact, for mining companies around the world, before the outbreak of the Southeast Asian financial crisis in [-], there was already a crisis situation-due to the shrinking demand for raw materials in downstream industries, the minerals could not be sold at a good price, and in many cases they had to be negotiated. Give customers a rebate on the basis of the price.The financial crisis in Southeast Asia in [-] only caused their original crisis to fully erupt.
It is the crisis that prompts these companies to think about change, and they have adopted a series of means such as acquisitions and mergers to strengthen themselves, so as to achieve the purpose of reducing the company's operating costs, and to prepare for the period of great development after the economic crisis has passed. Prepare!That's why Rio Tinto set its sights on Australia's Western Mining Company, while BHP and Billiton announced that they would merge.
As an Australian local company and a company established in the Netherlands, the relationship between BHP and Billiton and Rio Tinto is not so harmonious. Not so friendly remarks, and some people even proposed that once the merger of the two companies is successful, the Rio Tinto Group will be the first to make the cut.This undoubtedly made the Rio Tinto Group a little more vigilant!
The reason why Rio Tinto is eager to annex Australia's Western Mining Company is also to block possible acquisitions in the future.
All in all, it is imperative for Rio Tinto Group to acquire Western Australia Mining Company!At this time, the Norslick Group Company is no different from playing the role of a spoiler!
Fraser leaned on the boss chair with a headache, thinking about countermeasures!
At this moment, the door of his office was opened roughly, and it was Alfred Deakin*Andrew, the vice president of the Rio Tinto Group's Melbourne headquarters, who came in, Fraser's old partner!
It's just that at this time Andrew, with a somewhat annoyed look on his face that has never shown his face, sat down on the opposite side of Fraser and said, "John, do you know? A man from Western Australia Member of Parliament, just made a statement that the Carasso mining area should be handed over to the Huaxia people for development, and our company simply does not have the financial resources to develop the Carasso mining area!"
Since Western Australia has a considerable du li status in Australia, it can retain an absolute majority of its autonomy, except for a few powers that must be handed over to the government.Therefore, even though it is only a public speech of a member of Parliament, it is definitely not allowed to watch it.What's more troublesome is that the speech of this congressman hit the vital point of these two companies!
"Stanley * Bisef Bruce! A senior congressman from Western Australia!" Andrew said with a serious face. A person who is pro-China! This time, I don’t understand why he jumped out!” (To be continued)