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James's words were simply not giving him any face. Mitsui Nori was humiliated by his words and the sarcastic expression on his face.

Damn, is it mainly about talking about business? You don’t give face now, can you still have fun together?

"You can't say that, Mr. James?"

"What should I say? Mr. Mitsui? The price trend of iron ore is really good now, and it will be in a rising stage for a long time in the next few years. But you and I know why this is, and it is not because of the rapid growth of the big guy across the strait in recent years? But who can say how many years their growth posture can last? And once they become the real biggest acquirer, the pricing power issue will inevitably be arguing. Moreover, you and I know that this iron ore business is a cyclical business. If it is like

Mitsui Zaibaku, with subsidiaries such as Toyota, Sumitomo Metal, or a friend's company, it has a long-term demand for iron ore, and it is easy to accept it. But the key is that I do not have such a large company that needs metal for a long time. So my purpose of making iron ore was to sell it to those iron plants. But once the economic environment enters the stage of growth, what is the price of iron ore? I think you and I know better. So do you think the iron ore business in your hands is comparable to the Dirham Oil Company in my hands?”

James' words can be said to be heartbroken and he will not give him any face. This is simply a terrible slap in the face!

Indeed, the iron ore business is this kind of virtue. It has been good for three years and bad for three years. It can even be said that most of the time I am not full.

Before China rose, there was not a huge demand for iron ore around the world. Rio Tinto was a terrifying mineral resource company at best.

If China's Iron and Steel Alliance was not too incompetent, how could it be Rio Tinto's turn to be arrogant and slaughtered so many swords on them?

Before China rose, Rio Tinto, BHP Billiton, and Vale were the three well-known iron ore suppliers in the world. At that time, Europe, which imported the most iron ore in the world, especially Germany, as a manufacturing powerhouse, they needed to import a large amount of iron ore powder every year.

It was mainly imported from these three iron ore companies. When the manufacturing industry in Germany and Europe was still very popular, there was a huge demand for iron ore. So these three companies met each other and planned to jointly raise prices.

What was the result? Didn’t the Germans join forces with other European countries and slapped several times in the face?

At that time, the Germans were angry at their shameless increase in prices every year and even unilaterally agreed on contracts. In a fit of anger, they joined forces with steel companies from several other developed countries in Western Europe and formed an iron and steel alliance.

Haven't you raised the price? Well, we won't import iron ore powder from you. Wherever you like, the Germans turned around and began to tap potential around the world, and even purchased scrap metal in large quantities and reheared them in chains.

It stopped like this for a year, and in the end, these iron ore supply companies could not stand it anymore, so they could only hand over the pricing power obediently. You have to sell as much as the price people say. Otherwise, everyone would discuss it, how could you raise the price just by saying that it would increase it?

However, the later China Steel Alliance was too incompetent on the one hand, and on the other hand, it was internal intrigue and the situation of mutual dismantling was too serious, which eventually led to China becoming the lamb to be slaughtered in front of these three iron ore supplier alliances.

Of course, this will happen a few years later. Now that Li Yifan knows, who can tell the story of the brigade future?

So when I think of what James said, even if Mitsui Nori was trying to argue, he had to admit that what he was talking about was a fact that in terms of iron ore market position, it was absolutely impossible to challenge oil companies.

It is indeed a bit unreasonable to use the controlling stake in the Rob River Iron Mine to exchange for the Dirham Oil Company in their hands.

"Okay, Mr. James, then you can tell me the price. I see if it's appropriate?"

Mitsui Nori knew that at this point, he had completely lost the dominance of the negotiation because he did not have the bargaining chips in his hands that could make the other party moved.

Then, we will enter the process of the other party bidding and bargaining by ourselves.

"Well, we are actually not unacceptable to this Rob River iron mine..."

When James said this, his eyes turned. Is the reason why he was crazy about belittling the Rob River iron mine just now to give him a big discount?

And Mitsui Nori rolled his eyes at this time. Sure enough, you damn guy, okay, I'll see if you want something besides this iron mine.

"Of course, it is absolutely not enough to have this iron mine alone. In this way, we can make a fair assessment and estimate the market value of the shares of the iron mine you have according to market expectations. In fact, this is not difficult. I have done some market research before. According to the current market reaction, the market value of your iron mine, especially the shares you have, is about 300 million to 500 million US dollars."

"It's $500 million..."

Although he was unwilling to do so, Mitsui Nori had to admit that the guy opposite was fair to the stock price of the Rob River Iron Mine.

This iron mine is jointly controlled by them, Mitsubishi, Itochu, and Rio Tinto, among which the largest shares are them.

Previously, they owned this iron mine with more than 40% shares, while Mitsubishi and Itochu Trading Company owned about 10% controlling stake, and the remaining 50% belonged to Rio Tinto.

Logically speaking, Rio Tinto is the main controlling stake in this mine, but considering that Mitsui still holds more than 10% of Rio Tinto's equity, then Mitsui Zaibaku is actually the owner of this mine.

This is also the most savvy place for the Japanese. In Australia, many iron mines are in this way, and Rio Tinto and BHP, jointly controlled by them.

In the iron mines controlled by Rio Tinto, they generally hold 30 to 40% of the controlling stake, while in the iron mines controlled by BHP Billiton, their holding shares are between 10 to 15%.

But they will also strive to strengthen their controlling stake in those iron mines by acquiring Rio Tinto or becoming their shareholders in BHP.

So, after so many years of infiltration, the Japanese are actually the real owners of Australian iron mines. This is a bit too much, but it is not an exaggeration at all.

This Rob River Mine is now the best quality and most valuable iron mine controlled by Rio Tinto.

First of all, it is relatively close to the coastline, and the surrounding railways and deep-water ports are very mature, and transportation is not a problem. Moreover, the iron ore here has high grade and huge annual output, and there is a possibility of deep-dive potential. Therefore, this iron ore is actually quite valuable.

Especially after a few years, China will engage in real estate construction, automobiles and high-speed rail, at that time, their demand for iron ore will be endless.

So mastering such an iron mine will undoubtedly be mastering a treasure of the future.

What's more, the reserves of this iron mine can last for decades, and the ones it produces have always been high-grade iron ore with a grade of more than 50%. The current annual output is 32 million tons. After the production expansion a few years later, the production capacity here will reach more than 50 million tons per year.

Even if you take out half of this production capacity, it can meet the needs of Li Yifan's own special metal smelting company in China, and even take out part of it to the market and sell it to other steel companies.

So in fact, Li Yifan came to Japan this time for the Rob River iron mine. Of course, the Dirham company is now hyped so valuable. It is impossible for an iron mine alone to satisfy his appetite.

After all, if her Dirham Oil Kung Fu continues to develop according to the current momentum, she may become a large enterprise with a market value of over 10 billion yuan in every minute.

What Mitsui now takes out is only 33% of the shares of an iron mine, and plus the 7% he obtained before, it is only 40% of the shares.

Although this can guarantee that Li Yifan will become the biggest controller of this iron mine, these conditions are still not enough for him.

Anyway, if you want to cheat the Japanese, why don’t you cheat them to death?

If God misses such a good opportunity, even if God doesn't say anything, Li Yifan will not forgive himself.

"Okay, even if it's $500 million, Mitsui, you're still too bad. How much can you take out in terms of cash?"

At this time, Li Yifan, who was named James, did not intend to go around with Mitsui and asked directly.

"Cash? I think...how about 500 million?"

Mitsui Noriya thought for a long time before he let out a long breath and said.

"Are you kidding? Mitsui, or are you just insincere? Mitsui chaebol, but as one of the top chaebols in Japan, you are going to buy my oil field, but you can't even take out one billion in cash?"

James's face suddenly became gloomy, and Mitsui Noriya's heart skipped a beat when he saw his expression.
Chapter completed!