After a whole day of travel, Xia Yu and his parents went back to their rooms and fell asleep after dinner. The next morning, the driver drove them deeper into the mining area.
This mining area mainly produces rock gold. There are not many Chinese people who can see it, most of them are European and American mining companies.
The proven gold reserves of one million ounces are like chicken ribs to those oligopolistic mining companies, which are tasteless to them. Therefore, the European and American mining companies here are mainly private mining companies.
The size must be big enough for Xiao Xia Yu to take it. After all, according to the Mining Act promulgated by Ghana (Ghana) in 1996, foreigners are not allowed to mine and operate small gold mines of less than 25 acres.
It converts to 150 acres, which is half the size of Chaolu Farm.
If such an area had never been mined, it would definitely not be something that could be bought for hundreds of thousands of US dollars, but if it had been mined to the end, it would definitely be a bargain.
Xia Yu specifically learned that abandoned mines are not because there are no more minerals in them, but because the cost of continuing mining is almost equal to the output, leaving no profit.
The mine owner has to spend money to operate and maintain the machines and hire employees. After deducting these, there is not much left. Who would be willing to continue digging?
Similarly, Xia Yu was unwilling to do so. All he wanted was to continue to own the gold mine, which had little value in mining, and to confirm the fact that his family owned a mine.
This sounds a bit silly, as if he is in a hurry to give money to others, but as long as he does not continue to invest, the cost of holding such a gold mine is not high. After a few years or even decades, the mining technology will be improved, and Xia Yu will not even have to open it himself, he can just sell it.
It sounds a bit like real estate speculation, but four or five hundred thousand US dollars is only the price of half of his villa, so he doesn't even look at it.
As the saying goes, don't use your annual salary to challenge my pocket money. These are indeed the pocket money given to Xia Yu by the system, plus the little he earned on his own.
"Sir, we're here!"
The car stopped at the entrance of a mine, and a black security guard holding a damaged AK walked over.
"I'm Xia, and I have an appointment with Mr. James."
Xia Yu spoke to the security guard without even looking at his gun.
With the blessing of the Prairie King Buff, no one can harm him, so naturally there is nothing to be afraid of.
"Yes sir, our boss is waiting for you inside."
After confirming Xia Yu's identity, the security guard waved his hand and the gate of the mine opened directly.
The car continued to drive in until it arrived in front of a simple house, where a middle-aged white man came to meet it.
"I assume you must be Xia. Are these two your parents?"
James extended his hand first and shook hands with Xia Yu.
"Yes, you are Mr. James, right? I've seen your photo on the Internet."
Xia Yu and this James contacted each other through email. As for the photos, it has to be said that there are so many nobles in Europe, and this one is actually Baron Daying.
But it is normal to think about it. Ghana was colonized by Britain in history, and its background still exists today.
Baron James' ancestors may have been to Ghana. Even though the nobility has declined today, they still have connections here passed down from their ancestors.
However, the original capital is showing signs of running out, and James's mining income is decreasing, so he plans to sell the mine and leave here.
At first, he planned to sell the mine to a large domestic mining company, but unfortunately the other party didn't look down on such a small amount of money and rejected it without even discussing it.
The nearby private mine owners had no intention of taking over, which gave James a headache until he received an email from Xia Yu.
The Chinese were already well-known in the gold mining circle in Ghana (gold), but they were more adept at placer gold mining technology. Why are they interested in rock gold mines now?
No matter what, as long as we can get rid of this mess, who cares what country he is from!
With this mentality, James led Xia Yu and his family to visit his mine. There were several mines dug in an area of over 200 acres, but only one was still in production.
Most of the technicians are white and come from various countries. Their wages are not low. Most of the miners are local black people and their prices are cheap.
The current cash cost of mining one ounce of gold is around US$780, but the total sustainable cash cost is definitely over US$1,000. The profit per ounce of gold is calculated by deducting this from the international gold price.
Because of their huge size, large enterprises can further control costs and make more profits, but they must also ensure sufficient mining volume to make a profit.
However, the output of James Mine had been declining in stages before, and it was only continuing to mine now, which was just a way to keep it going. It would be time to stop production if it could no longer sustain itself. After all, if the international gold price fluctuated a bit more, he would go bankrupt directly.
"James, after looking at the mine, I have an idea of what it is. How much do you want to sell it for?"
Back in the office area, Xia Yu asked the price directly.
He is still very satisfied with this mine. It still has output, but the price should not be as cheap as those mines that have completely stopped operations. If he takes over this mine, he will not be able to buy two mines.
It’s okay to change your plans at the last minute, as long as the price is right.
"One million US dollars, including the ore washing equipment, I will leave it all to you."
James the Lion opened his mouth and said that this mine had already helped his family make a lot of money, and now he wanted to squeeze it dry to make the last profit.
"Three hundred thousand dollars. I don't want your equipment. You can just sell it secondhand."
Xia Yu directly bargained for a 30% discount. After buying the mine, he had to return to China. Without someone he trusted to help watch over it, it would be impossible to operate it. It would be better to seal it up first.
If the machine is stored for too long, it will malfunction. It is better to discard it now and buy the latest model later.
"You Chinese are really good at bargaining! You know, 300,000 yuan was just my monthly income before!"
"Mr. James, times have changed. Resources will eventually be exhausted. We must face reality."
Xia Yu said indifferently that the era when the James family made money without doing anything was over, and now it was his turn to make money without doing anything.
"How about 750,000? If you don't want the machine, I'll take care of it."
James made the concession, which was a great start, but it was far from the end.
"Three hundred and fifty thousand, no more."
"Six hundred thousand, and I still have to pay my employees severance pay."
The employees James mentioned are probably only those white people, and their total salary is less than 50,000.
"Four hundred thousand, Mr. James, I'm sincere enough. There are more than a dozen private mining companies in this area. If that doesn't work out, I think there are other options."
Xia Yu made a new offer and emphasized that he was not indispensable.
"Five hundred thousand, if five hundred thousand is okay, we can sign the contract now."
"Four hundred and fifty thousand!"
"make a deal!"
Only large companies have professional lawyers and several rounds of negotiations. For small companies, it is actually similar to buying vegetables in the market, especially when James is eager to get rid of the mess.
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