Through the wealth life

Chapter 858 Major Discovery
On the 15th, the Xingyuan Group's survey team in Western Australia finally received good news. They found a giant open-pit hematite deposit in the southwest of Pilbara. After preliminary exploration, the estimated storage capacity exceeded one billion tons.

This is an event that shocked the entire mining industry. The world of two expansions in Western Australia will be completely broken. This is only the initial exploration of Xingyuan Group. It is not ruled out that more minerals will be discovered in the future. You must know that the current exploration area is only this time. Source Group received a fifth from Western Australia.

In Li Guangyu's office in Li's Building, Gan Qin was excitedly reporting the discovery of Western Australia to Li Guangyu.

Gan Qin said with a smile: "Li Sheng, the discovery of Western Australia this time gives our Xingyuan Group the right to speak in the Pilbara region. Even if Rio Tinto and BHP Billiton suppress it, we still have the ability to build railways and ports by ourselves."

The top consortium controls resources, and the key discovery in Western Australia this time gave the Li's consortium such a foundation.

Gan Qin knew about Li Guangyu's plan. This iron mine will be jointly developed with all the allies to strengthen the connection between the Li's consortium and all the allies.

The current environment of the Lee Consortium is not bad. The American consortium and the Japanese consortium are still fighting with each other. The Western European consortium has fallen into the quagmire of economic weakness, and its consortium is not as strong as the Li consortium, giving the Li consortium a loose development environment. .

Li Guangyu said with a smile: "Ganqin, you inform Gu Zhengsheng to instruct his prospectors to continue the exploration, and must find out the approximate reserves of this iron ore. At the same time, instruct the media under our company to report on the discovery of our Xingyuan Group. Wide coverage."

Li Guangyu needs to spread the current news, so that he can get his allies to join in. At present, he has no funds for independent development. This time, such a large iron mine will definitely be suppressed by Rio Tinto and BHP Billiton. It is necessary to establish its own transportation railway and port to solve the transportation of its own minerals.

And he doesn't want to establish supporting industries in the mining area. This is not a small amount of money, and there are too many benefits in it. It will be very dangerous for the Li's consortium to eat alone.

Knowing Li Guangyu's plan, Gan Qin immediately replied, "Li Sheng, I'll make arrangements right away. I believe it won't be long before Xiangjiang, Southeast Asia and even the world will know the news."

After Ganqin left, Li Guangyu began to plan the next matters. This time he needed allies and a lot of money to enter. Currently, the price of similar iron ore in the Pilbara area is only 23 US dollars per ton, and the estimated income of this mine is also Not too much, mainly because the investment in railways and ports is too large, and the development cycle is quite long.

Li Guangyu didn't want to put too much money in it, so as to bring in some allies so that he could negotiate prices in the future.

With Gan Qin's personal confession, Li's media was very fast. Before noon, people from all walks of life in Xiangjiang had learned that Li's consortium had discovered a huge iron ore in Western Australia, and the market value of Xingyuan Group immediately doubled.

The power of Li's consortium in Xiangjiang has become more stable, and those with a little knowledge will know that this huge discovery has added tens of billions of dollars of wealth to Li's consortium.

Although it takes a long time for this wealth to come back, the benefits are really there, and the price of iron ore will rise in the future, and the wealth of the Lee Consortium will also rise. The iron mine in the Pilbara area is owned by the Li Consortium. A cornucopia.

Countless people in Xiangjiang are lamenting Li Guangyu's good luck. It seems that the goddess of luck has never left Li Guangyu's side this year. Every time there is any danger, the Li's consortium can always avoid it, and when it is beneficial, Li's The consortium was able to take the lead.

This time, the iron mines in Western Australia are like a godsend. It took Xingyuan Group to go through various procedures in Western Australia, and it took a total of four months to discover this vein. It can show that Li Guangyu is loved by heaven.

When the news of Li Guangyu came out, the Japanese Sumitomo Foundation attached great importance to it. They currently have a very large demand for iron ore. Western Australia was mainly controlled by Rio Tinto and BHP Billiton before. The company has some shares, but it has no absolute effect. Now it is mainly restricted by these two groups.

Now this huge discovery by the Lee consortium has allowed the Sumitomo consortium to see the hope of getting rid of Rio Tinto and BHP Billiton.

The Sumitomo family, who have maintained an ally relationship with the Li Family Group for many years, very much hope to be able to take this train. They know very well how much investment the Li Family Group needs to develop this iron ore and transport it out, and now the Li Family Group has begun Short of money, this is their chance.

In the past two years, the stalls of the Li's consortium have been too large, and the construction of various group buildings has been accelerated. The investment of the Li's consortium in England has exhausted their wealth.

The Sumitomo family knew very well that Li Guangyu was used to it, and Li Guangyu would not make a loan unless it was absolutely necessary.

According to some information they got, Li Guangyu borrowed 30 billion US dollars from his own bank this time, and at the same time, he borrowed 20 billion US dollars in total from Hong Kong Bank, Bank of East Asia, and Asian Commercial Bank.

This is enough to show that the Li's consortium is currently in a financial crisis. This time, such a large mineral property, the Li's consortium probably will not independently develop it. He knows Li Guangyu well, and he will not put his consortium's funds at risk.

Sumitomo Kimura, who was handling affairs at the headquarters office of Sumitomo Bank, received a call from the patriarch Sumitomo Kiying.

On the phone, he was asked to go to Xiangjiang immediately to communicate with Xingyuan Group on the development of iron mines in the Pilbara area, and to see if the Li's consortium had any plans to take out the iron mines for cooperation, and their Sumitomo family would intervene.

The Mitsui Consortium, Japan's No. [-] consortium, also does not want to let go of this opportunity. They are currently cooperating with the Li Consortium in the operation of mobile communication companies in Japan. They have such a relationship. This time, they also hope to strengthen cooperation with the Li Consortium. .

For this reason, the Mitsui Consortium also arranged for Mitsui Mingyi, who was familiar with the Li's Consortium, to go to Xiangjiang to communicate with Li Guangyu about this matter.

As an island country, Japan is very scarce in iron ore resources, and he is unwilling to give up any opportunity to control this resource.

The Japanese forces were about to move, and the families in Xiangjiang, after learning that Li Guangyu had found such a large mine, called to congratulate Li Guangyu and asked if he needed any support.

This time, Li Guangyu didn't make a fortune in silence, but instead made the news all over the city, which was not like Li Guangyu's usual style.

Li Guangyu was not alone. Just looking at the industries he controlled, he would know that Li Guangyu would not take out the shares of his group unless it was absolutely necessary.

This time Li Guangyu was uncharacteristically, and Li Ka-shing and the others also guessed a little bit about his inner plans. Looking at Li Guangyu's investment in the past two years, it was Li Guangyu, their family, that had been dragged down long ago.

They also have ideas about entering this industry. Li Ka-shing, Zheng Yutong and others do not want to engage in the single industry of real estate. This time Li Guangyu discovered such a large mine vein, if given the opportunity, they would also be willing to intervene in it.

Although the payback cycle in this industry is longer, the investment risk is very low, so you don't worry about losing money on your investment.

(End of this chapter)