Through the wealth life

Chapter 865 Iron Ore Joint Venture
After nearly two months of negotiations, Xingyuan Group finally reached an agreement with several major Japanese families, the Xiangjiang Consortium, the Malaysian Chinese Consortium, the Singapore Consortium and the Formosa Consortium.

After two months of tug-of-war, the Marandu Iron Ore Development Company was formally established. Xingyuan Group owns 30% of the shares, Mitsui and Sumitomo each hold 10% of the shares, and the Fujiwara and Ito families each hold 5% of the shares. .

The Xiangjiang Consortium holds 15% of the shares, several major families in Formosa jointly hold 5% of the shares, and the Malaysian Chinese Consortium and the Singapore Consortium each hold 10% of the shares.

The transfer of these shares has brought 70 billion US dollars in cash profits to the Li's consortium, and this part is the benefit of the Li's consortium, not the Marandu Iron Ore Development Company.

At the same time, all parties jointly invested 10 billion US dollars in iron ore mining, railway construction and port construction according to their shares, completely breaking the blockade imposed by Rio Tinto and BHP Billiton on them.

Representatives of various forces held a celebration reception at the Xiangjiang Peninsula Hotel for the signing of the joint venture agreement, and core members of all parties attended the reception.

At 12:8 on the evening of December 06th, when the Shanghai Merchants Group was still discussing with Xiangjiang Xiangjiang entrepreneurs, Li Guangyu and Cao Weiqing came to the Peninsula Hotel to attend the celebration.

Li Guangyu was very excited this time. The discovery of the Marandu iron mine this time allowed him to have billions of dollars in his account.

Although this kind of profit is definitely not as much as his own development profit, Li Guangyu doesn't care about it. If the iron ore is not mined and shipped out, even if it has a high value, it is worthless. Now that there is a huge amount of cash back, he can use it to Invest in more industries to get more profits.

Moreover, if he develops on his own, he will face great pressure, especially financial pressure. You must know that this iron mine will not be able to recover the cost effectively in the short term. Whether it is railways, ports, or iron ore mining supporting facilities, huge funds are required. I don't want to bet all my money on this.

This time, the Marandu Iron Mine is expected to earn more than US$150 billion after excluding various costs. This is still at the current price, and Li Guangyu sold 70% of the shares for US$70 billion, which is currently acceptable to both parties.

Because the mining time of this mine will last for decades, and Li Guangyu has the 70 billion US dollars in his hands, and he does not know how many times it has been multiplied by then. He doesn't care about selling at a loss now.

As for Japan and the Baodao family, they are also willing to eat them at such a price. At present, both Japan and Baodao mainly rely on imports of iron ore, especially Japan. They are currently the world’s largest importer of iron ore. The family very much wants to take the initiative in this.

The joining of these Chinese families is to make good friends with the Li's consortium and deepen the relationship between the two parties, and to find a stable investment for their family. Investment in minerals is relatively stable and there is not much risk.

The Peninsula Hotel tonight gathered influential family heads or core members in Southeast Asia, Baodao, Xiangjiang, and Japan.

Sumitomo Qiying, the head of the Japanese Sumitomo family, came to Xiangjiang in person, and Mitsui Nagao, a core member of the Mitsui Consortium, attended on behalf of the Mitsui family.

The heads of the Fujiwara family and the Ito family are currently high-level Japanese politicians, so the people who came here are the number two figures of the family, Tomoken Fujiwara and Nobuma Ito.

On the Malaysian side, led by Guo Henian, Lin Wutong, Li Shenjing, Zhong Tingsen and several core members of the consortium came here.

The Singapore consortium headed by Khoo Teck Puat, Huang Zuyao, Guo Fangfeng, Huang Tingfang, Li Chengwei and Guo Lingming and Huang Zhixiang who are currently in Xiangjiang attended the celebration reception.

Gu Zhenfu, Lin Tingsheng, Wu Shunwen, and Gao Qingyuan from Baodao also rushed over from Taipei to attend this important meeting.

This time, more than a dozen family leaders of the Xiangjiang Consortium came to the Treasure Island Hotel in person to attend this special reception.

The Xiangjiang media has always been well-informed, and they are also very concerned about this reception. Many reporters are staying at the Peninsula Hotel, hoping to get some exclusive information here.

When Li Guangyu and Cao Weiqing arrived at the Peninsula Hotel, many reporters surrounded him and asked Li Guangyu countless questions.

Li Guangyu said: "Thank you for your concern for me and my industry. This reception tonight is just a gathering for the establishment of the Marandu Iron Ore Development Company. It does not involve other cooperation and agreements, and we will not target Any forces and groups."

The Oriental Daily reporter said: "Li Sheng, according to our information, the relationship between the shareholders behind the Marandu Iron Ore Development Company and you is very good. Some people think that the Marandu Iron Ore Development Company is just the beginning of your alliance. In the future, you will cooperate in more industries to jointly deal with the competition from other consortiums and forces, I wonder if this is your plan?"

The reason why these forces can unite is the key point of the Li Family Consortium. It is the existence of the Li Family Consortium that allows all forces to gather together. Once these power companies control each other, then this will be a huge Consortium forces.

It's a pity that Li Guangyu didn't plan to make wedding dresses for others. The current strength of Li's consortium is far from that of Mitsui and Sumitomo. This situation is absolutely not allowed.

At present, many forces think that this is an alliance reception of the Eastern Consortium. These families here either have great influence in the world, or have extremely strong influence in the region. Once these families are really closely connected in the Together, it is a disaster for many forces and groups.

Especially Rio Tinto and BHP Billiton are particularly concerned about this. This time, these consortia and family cooperation projects are their monopoly iron ore industry. The Pilbara area has always been regarded as their private land, but this time Star Source Group It made them very unwilling to break the balance of the past ten years.

It's just that the forces behind the Marandu Iron Mine are too large this time, and they don't have much way to stop it.

The railway and port, which have always been their sharp weapons, have no effect on the Marandu Iron Ore Development Company. The other party has made it clear that it wants to build itself and is not subject to their restrictions.

Looking at the names of the shareholders on the Marandu Iron Ore Development Company and comparing the forces behind them, no matter how strong their two mining groups are in Australia, they cannot compete with them in terms of financial resources and strength.

There are three world-class consortiums, many regional consortia and family shares, involving many countries and forces, and they can't suppress it if they want to.

The only thing that makes them feel relieved is that the Xingyuan Group seems to have only discovered such a huge iron mine so far, and the pressure on them is not too great.

What Rio Tinto and BHP Billiton executives don't know is that Xingyuan Group is currently exploring the surrounding areas of the Marandu Iron Ore to determine the reserves of the Marandu Iron Ore. These data are beneficial to the negotiations between Xingyuan Group and other forces. Area not explored.

And Li Guangyu will obviously prepare a huge surprise for the two extensions, especially now that the dust has settled on the Marandu Iron Mine, Xingyuan Group will shift its exploration focus to other places.

(End of this chapter)