Silicon Valley
v2 Chapter 473: Williams Mining
Australia is rich in minerals and is called "a country sitting on a minecart". Many mining companies are headquartered in Melbourne. ←
Melbourne used to be the capital of Australia. Later, with the growing prosperity of Sydney, the citizens of Sydney very much hope that Sydney will become the capital of Australia. Only then did the Australian government decide to build a new city Canberra between Sydney and Melbourne as the new capital.
As the old capital, Melbourne naturally has a lot of historical buildings. It is the most famous cultural city in the southern hemisphere, and Melbourne’s green area rate is as high as 40%. The urban environment is very elegant. It has won the United Nations Habitat Award and has been awarded by the United Nations for many years. Habitat was rated as "the world's most suitable city for human living."
Unlike China, Melbourne in November is officially entering a vibrant summer, with birds whispering and cicadas singing and luxuriant trees. When Henry arrived in Melbourne, it happened to be raining, misty and rainy, adding a touch of charm!
"Mr. Williams, if you can come to Melbourne earlier, you can watch the century-old Melbourne Cup races! On the day of the Melbourne Cup races, the racecourse is full of clothes, and the men are wearing traditional horse racing costumes or formal horse racing costumes. Suits, ladies wear all kinds of hats, and the atmosphere of the whole festival is particularly strong!"
A middle-aged man with a beard regretted that he was Keno Tate, the chairman of the mining giant bhp BHP, who came to the airport to meet Henry.
"Oh, isn't it, that's a shame!" Henry laughed.
Keno Tate laughed loudly, “It’s okay, there are still interesting places in Melbourne. Mr. Williams, you have a rare trip to Melbourne this time. I will show you around first, and then let’s talk about cooperation!”
"Okay!"
The negotiation was not in a hurry. Since others were kind, Henry agreed.
This bhp BHP is a part of the world's largest mining giant "BHP Billiton", and the other part is Billiton Billiton. In the previous life, the two companies merged in 2001. The key factor leading to this merger is probably because of Rio Tinto Group!
Rio Tinto Group is currently acquiring the Northern Mining Company of Australia. Once the acquisition is completed, it will become the world's largest mining giant. At the same time, it is bound to squeeze the living space of BHP BHP and Billiton Billiton. In order to protect themselves, BHP and Billiton naturally chose to merge against Rio Tinto Group! Therefore, from 2000 to 2001, large mining companies frequently merged, creating the world's top two mining giants-"Rio Tinto" and "BHP Billiton". Among them, the merged BHP Billiton Company surpassed Rio Tinto Group and became the world's largest mining group company!
Seeing that Rio Tinto Group wanted to acquire Northern Mining in Australia, BHP was anxious. Henry called and wanted to talk about acquisition cooperation. Keno Tate believed that this was an opportunity! Henry invested in BHP, and BHP took the money to merge with other companies, so as to quickly grow its own strength and fight against Rio Tinto!
Melbourne is a vibrant and joyful city with many attractions. Accompanied by Keno Tate, Henry went to Chinatown full of oriental flavors, strolled through Corinth Street, the most famous financial circle in the southern hemisphere, and then went to Penguin Island to visit penguins. The original name of this penguin island was Phillip Island, and it is one of the must-visit attractions in Melbourne. In the penguin landing viewing area on the island, every time the sun is about to go down, the sunset glows the sky into a brilliant and colorful view. There is a vast ocean in front of you, the sea and the sky are connected, the snow waves are rolling, and the waves are bursting. After the sky dimmed, the penguins that went out for food during the day appeared and landed in the stormy waves. They staggered a few steps and then stopped. The penguins are about 30 cm tall with black bodies and white bellies. Some penguins were rolled on the beach and they stood up again. , Organize the team, form a square team, neatly, walking towards the shore with a steady and dignified pace, a group of squares just left the beach, and another group of squares lined up like a military parade. Continue to go ashore, at most up to more than 3000 before and after.
After playing for two or three days, I started to do formal work.
Henry, based on his analysis report, proposed to BHP to acquire 75% of the company’s equity for US$25 billion. The board of directors led by Keno Tate was very satisfied with the price, and the two parties quickly reached an agreement. Subsequently, the merger of Billiton was carried out.
For a while, Australia's mining industry is surging, and affected by this, the price of mines around the world fluctuates greatly! Many people realize that monopolistic mining giants are about to be born, and they will control the price of world minerals.
Rio Tinto Group heard the news and immediately accelerated the pace of acquiring Australia Northern Mining Company.
And BHP has sufficient funds ~ lightnovelpub.net ~ After seven rounds of negotiations, in just one month, it annexed Billiton for US$18 billion and 20% of the company's shares. As soon as the news came out, the industry was shocked, which means that the Super Giant was born, and its strength can crush Brazil's Vale and Rio Tinto!
The new company was named "Williams Mining" and it was already the world's number one, but Henry was not satisfied. Soon Henry reached out to Australia Northern Mining Company!
Henry is wealthy and usually purchases at a premium, which naturally makes the other party very satisfied, so the acquisition speed is very fast. However, Rio Tinto does not have the financial resources, so it must be compared with each other and the negotiation speed is very slow. Rio Tinto Group intends to complete the acquisition with a combination of partial cash and cross-share swaps, and the biggest contentious point in the negotiations is how to cross-share swaps!
Both parties desperately lowered the market value of the other's company, and negotiation is naturally not easy. The larger the merger, the longer the negotiation time. It only takes two to three months or even longer to evaluate the assets, not to mention that the two parties are talking about talking later in the negotiation.
Henry has already sent someone to appraise the assets of Australia Northern Mining Company, which is worth about US$17 billion. Without saying anything, Henry directly spent 20 billion US dollars to buy it, and he would knock it on his knees with money! Henry learned that Rio Tinto Group is only willing to value Australia Northern Mining Company at US$18 billion, which is a difference of US$2 billion. Unless Rio Tinto Group is willing to increase the price, Australia Northern Mining Company will agree to sell it to itself, after all, 2 billion. The dollar is not a small amount!
(To be continued.)