Yang Jing asked again: "I asked you to pay attention to the things about the mining companies in Australia. How are you doing?"
Mike Aller said: "I have arranged people to do it. Now we have obtained a lot of secret information and intelligence in this regard. In fact, we are not only working on Australian mining companies, but also some mining companies in the United States and Europe. We are also working hard to lay out. Boss, as you have judged, due to the current sluggish international mining market and increasingly fierce competition within the market, mining companies in the United States, Europe and Australia have to relatively concentrate their limited resources? Small but comprehensive? Large but comprehensive business strategy model no longer adapts to the competitive needs in this market environment?"
Mike Aller lit a cigar, took a puff and continued, "In fact, starting from the past few years, those well-known mining companies in Europe, America and Australia have started to slim down. They have actively adopted asset restructuring methods to divest non-core businesses that lack competitiveness, and use the funds recovered to focus on developing core businesses; that is, mining and related businesses, so as to form their own core competitiveness and flagship products. In the process of returning to the core business, these relatively large mining companies, on the one hand, have actively decided to abandon those industries that are not related to mining or have no competitive advantages, as well as projects where competitors are too strong. On the other hand, they are preparing to acquire and merge excellent mining assets in small and medium-sized mining companies. In other words, if there is no new market with a large demand for mineral resources in the international market, this slimming action will continue. And when this slimming movement reaches its extreme, a huge wave of mining mergers and acquisitions will come. Boss, your previous analysis is very accurate."
Yang Jing nodded and motioned for Michael to continue.
"It is precisely because of your analysis and the intelligence we have obtained that I suggest that we start planning our mining business now and strive to take the lead in the upcoming merger and acquisition boom. For example, we can now intervene in mining companies in Europe and the United States, such as Anglo American in Europe and Freeport-McMoRan in the United States."
Yang Jing shook his head slightly and interrupted Mike Aller, "Mike, we don't need to consider those mining companies in Europe and the United States. What you need to pay attention to now are the top mining companies in Australia. Those companies are the ones we need to focus on in the future."
Michael was stunned for a moment, then argued: "Boss, those mining companies in Australia are not as good as those in Europe and the United States in any aspect. Now the world's mining leaders are still in Europe and the United States. Why should we pay attention to such a remote place?"
Yang Jing smiled and waved his hand and said, "Mike, we should take a long-term view. It's true that the global mining industry is now controlled by those mining companies in Europe and the United States, but don't forget that Australia is a country with extremely rich mining resources. This country will be the main exporter of mineral resources in the world in the future. Although the scale of several mining companies in Australia is not large, I believe that within 15 years, this country will have one or two mining giants, and their scale, market value and influence will far exceed those of the current mining companies in Europe and the United States. The mining giants that can influence the global mining structure are the ones we should control. Those mining companies in Europe and the United States, haha, I'm not interested. So, you should understand what I mean?"
Continue read on readnovelmtl.com
