The rise of nanometers

According to the contents of Dalian Cooperation Memorandum.

Blue Star Mining and United Recycling hold 37% and 30% of Rio Tinto Group's shares; Beijing Enterprises Resources and Minmetals hold 33% and 34% of Vale's shares; Electricity and Mining Consortium and Southern Rare Earth hold 45% of FMG Group %, 22% of the shares.

In this global mining reshuffle, BHP Billiton, which was the first to go bankrupt, became the only remaining ore giant due to the pressure of public opinion.

However, the reaction of the capital market was very fast and strange. Rio Tinto, Vale and FMG, which were controlled, entered the delisting and privatization stage.

This is also a normal situation, because there are regulations in Mi Stocks. Once the proportion of non-tradable shares of a stock is higher than 75%, the forced delisting mechanism will be triggered.

Only in this share transaction, the management of Miguo rejected the forced privatization and delisting applications of Rio Tinto, Vale, and Fortescue on the grounds that it involved the existence of a monopoly.

This has brought new variables to the matter.

In response to this situation, Ma Dichen and others who were still in Dalian hurriedly visited Song Shijia and asked how to solve the matter.

In the conference hall of the exchange.

Song Shijia put down the report in his hand and glanced at Ma Dichen, who was a little anxious.

"Don't be nervous. It's normal to be rejected. The American guy's little thoughts were already within our expectations."

In fact, Li Hongwen, who had been engaged in international finance before, reminded Song Shijia and others to pay attention to the regulatory issues of rice stocks before launching this flash acquisition war.

According to the thinking of the Americans, they would rather see Rio Tinto, Vale, and FMG go bankrupt than see them annexed by the mining alliance.

Song Shijia took out a document and handed it to Ma Dichen: "This is the solution."

After receiving the document, Ma Dichen and others immediately looked through it. After reading it, they looked at each other.

The document is clearly the circulating shares of Rio Tinto, Vale, and FMG. During the plunge some time ago, Li Hongwen led traders from the Dalian Ore Exchange to use many offshore accounts to short-sell and accumulate funds.

Secretly controlled a large number of circulating shares of these companies, including 68.3% of Rio Tinto, 57.6% of Vale, and 59.1% of FMG.

Companies such as Rio Tinto have carried out repurchases and increased holdings several times before, and they have a large number of circulating shares.

The plan formulated by Li Hongwen was for Ma Dichen and others to come forward and purchase these shares back through over-the-counter transactions.

Let Rio Tinto "self" increase the proportion of non-tradable shares to more than 75% of the total share capital and trigger the forced delisting mechanism.

In this way, Rio Tinto, Vale, and Fortescue were not delisted because of the acquisition by the Mining Alliance, but because of the share repurchase of the actual controlling shareholder, triggering the forced delisting mechanism.

Faced with Rio Tinto's "self-triggered" forced delisting, the management of Miguang has no way to prevent Rio Tinto's delisting.

Ma Dichen and others were also moved. Why were they moved?

Because this delisting plan has made up for their share losses, you must know that if Plan A of the Dalian Cooperation Memorandum is followed, even if they are successfully delisted, their shareholding ratio will be diluted to less than 13%, and the remaining 20% ​​will be diluted to less than 13%. % shares is the proportion of circulating shares after delisting.

Plan B was to turn part of the circulating shares into their holdings. Although they still lost a lot, they recovered a lot of shares to some extent.

As for whether Ma Dichen and the others will choose to break the contract after getting the shares.

Song Shijia gave Ma Dichen and Huan a hundred courages, but they didn't dare to do it.

First of all, these tradable shares need to be repurchased by Ma Dichen and others, and the price is slightly higher than the market price, allowing Li Hongwen and others to make a small profit of more than a billion.

Secondly, if they regret it, they can only go back and wait for bankruptcy, spend money to repurchase shares, and then go back and wait for bankruptcy, unless Ma Dichen and others have water in their heads.

Even in order to avoid bankruptcy in the future and for their own benefit, they will receive the circulating shares on the market as soon as possible.

August 28th.

The Mining Alliance issued an announcement announcing the suspension of the acquisition plan.

Rio Tinto's stock price, which was already half-dead, suddenly worsened. However, major shareholders such as Matheson announced a buyback plan.

In less than three days, the management of the three companies announced that they had repurchased most of the tradable shares on the market, and the proportion of non-tradable shares exceeded 75%.

Among them, Rio Tinto's non-tradable shares accounted for 94.3%, and the other two companies also accounted for 85.6% and 89.4% respectively.

Now the rice stocks have no choice but to allow three companies to be privatized and delisted.

…

the other side.

Although BHP Billiton's bankruptcy liquidation planned to reorganize into an Australian state-owned enterprise, the plan did not go smoothly.

Because 32% of BHP Billiton's shares have not been repurchased, some of them are controlled by consortiums such as the Mitsui Foundation; some are secretly controlled by Huang International.

Forced by desperation, BHP Billiton's restructuring plan introduced Arcelor Group, Posco Steel, Nippon Steel and Mitsui Consortium, as well as Huang's International, which made Australians very disgusted.

After the reorganization, the original BHP Billiton management only held 4.7% of the shares, while the other five foreign companies held 95.3% of the shares.

Regarding this situation, Li Hongwen and others are fully aware of the plans of Nippon Steel, Posco and Arcelor.

It is estimated that they were afraid of being choked by the mining alliance, so they invested in BHP Billiton. Even if the investment in BHP Billiton did not make money, Nippon Steel and other companies still kept a hand, just in case.

If the mining alliance's ore prices are too high, they can ensure the security of the industry through BHP Billiton's supply.

The global mining landscape has changed from the previous three giants Rio Tinto, BHP Billiton, and Vale to the one dominated by the China Mining Alliance.

Mineral resources in other regions are also gradually affected by the mining alliance.

For example, Morocco in North Africa has the largest phosphate reserves in the world, and many of its mining companies choose to list on the Dalian Exchange.

In addition to the previous water contracting and agricultural support, many local companies chose to reserve a certain proportion of Chinese dollars when faced with the situation of being able to settle in Chinese dollars.

For the international settlement market, Huayuan's influence is gradually expanding as time goes by.

In the face of the strong mining alliance, except for energy minerals, basically other international ore producers have reserved Chinese dollars as the settlement currency for international ore trade.

At the same time.

With the development of the mining alliance, the re-exploitation of Australian ores has gradually been put on the agenda.

According to the plans of the Mining Association and the Mining Alliance, core technologies are not allowed to go abroad. Therefore, raw ore can only be imported and then refined into qualified semi-finished products.

This is also the significance of the emergence of Qinhuangdao, Lianyungang and Fangchenggang refining bases in the plans of several mining companies.

It is the strategic arrangement of the Mining Association and the Mining Alliance to consume rich minerals abroad and protect domestic mineral resources.

At a time when the global mining industry is undergoing earth-shaking changes.

Tuocheng, which had been half-dead before, has finally seen many changes. The development strategy of the World Recycling Center proposed by Huang Xiuyuan has recently begun to prepare for the blue era.

Establishing a world recycling center is very attractive to Tuocheng. If done well, it will become a new pillar industry.

After Zhang Rongji went to Tuocheng, he made drastic changes with his vigorous rectification. At least the environmental problems in Guiyu Town were contained and partially repaired.