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Chapter 755: Chapter 656: Huge Reserves (Seeking Subscriptions!) _1
In the evening.
The Command Room.
Golden light shone in Tang Qing’s eyes.
It was the reflection of the gold reserves and distribution model projected on the screen in front of him.
Of course, this wasn’t the total reserves, because satellites couldn’t penetrate twenty meters. But, with a large number of drill holes and repeated drilling calculations, a rough model of the entire gold mine could still be constructed.
This was a ’gold mine’.
A gold mine within a gold mine.
As previously predicted, it extended and enlarged downwards in a cone shape.
The exact depth was unknown at present, as the drilling depth was limited and the existing vehicle-mounted equipment could only drill up to sixty meters. Coupled with the viewing distance, the depth was just eighty meters.
However.
This eighty-meter depth.
Already shocked Tang Qing.
The gold reserves here were astounding. Not surprising, considering this country was adjacent to Egypt. Damn, there was so much gold!
In the currently known reserves.
the total gold reserves had already exceeded three hundred tons, and they were all high-content, super-rich ores.
It should be noted that with humans’ extensive mining, high-content gold ores are rare nowadays, unlike before when there were ores with hundreds of grams per ton, albeit very few. By this era, the average gold content of mines was just a few grams per ton. Those richer were rare exceptions.
This gold mine.
The average gold content per ton of ore was about one hundred and twenty grams.
This was simply insane.
Tang Qing had thought he was already wealthy before, but it appeared he was about to become extremely wealthy this time.
Based on the depth, if large-scale mining was initiated, the entire mining field’s limit output could immediately reach three to six tons per month. With an increase in depth and working area, the monthly maximum output could even increase to more than eight tons.
Eight tons of gold.
That was nearly one billion RMB.
Although it was nearly half the price of two hundred RMB per gram in the future, it was also important to consider purchasing power and inflation over the years, which made it slightly higher than it would be ten years later.
Tang Qing ordered, "Tang Yi, immediately exchange some first-level fighters, join Wan Qing Mining, these three gold mines will be directly assigned to Wan Qing Mining to establish a separate company for management, all staffed by our people. The company’s general manager will serve as the deputy president of Wan Qing Mining, solely responsible for gold mine matters."
Tang Qing wanted to spin off the entire company’s gold department.
"Yes, commander."
Tang Qing thought for a moment, and then said, "Announce that all the gold mined, has increased twice the original output. The rest should be transported back to the Currency Clearing Center for reserves, to increase the issuance limit of the Asia dollar."
All of Myanmar Bank’s gold reserves were at the Currency Clearing Center.
Safe.
...
The next day.
The establishment of Wan Qing Precious Metal Mining Company took place along with the company reorganization. The iron and copper mines were assigned to another company, and that rotten company was completely marginalized.
What was bought for over a billion RMB could now recoup its cost in just two months.
This was a hard-earned business deal.
In an information society.
Information is indeed the most valuable.
This time, the Algerian government is at a loss. If there were a huge amount of gold mines deep down, these proceeds would definitely make Algeria regret it. But Tang Qing wasn’t interested in provoking the Algerian government.
If they play dirty.
And directly take back the mines, then it would be pointless.
The Algerian government could also forge some evidence of Tang Qing’s company bribing and confiscate it directly under Algerian law.
A jealous Algerian government would definitely do it.
As for how to make this money legitimate, it’s simple. After some operations, Myanmar Bank can directly issue a gold receipt and loan to Wan Qing Mining. The limit of the receipt can be filled arbitrarily.
In other words.
This gold mine.
This directly solves Tang Qing’s future funding problems. Even if someone investigates and discovers his ’receipt’, they will assume that Tang Qing concealed the actual reserves of this gold mine and then smuggled gold.
Then, they can’t do anything about it because there’s no evidence.
Perfect.
....
November 19th.
Saturday.
The first board of directors meeting for Wan Qing Mining begins.
Busy as he had been the past two days, it was Qu Shan’s first time seeing Tang Qing. All the preparations for the establishment of Wan Qing Mining and his recruitment were handled by Sky Eye. Everyone he dealt with was from Sky Eye, and he didn’t even get a chance to talk to Tang Qing. He was very curious.
Qu Shan already knew about Tang Qing’s involvement in the oilfield matter and had gained a deep understanding of his boss’s unfathomable financial strength. Having such a boss was indeed a blessing.
"..., Wan Qing Mining has been fully integrated. Its subsidiary, Wan Qing Precious Metals Mining Company, owns three gold mines. Wan Qing Algeria Mining Company owns three iron mines and one copper mine within Algeria. Wan Qing Italy Mining Company owns an iron mine in Italy, with a total of 1,152 employees and total assets of 1.45 billion U.S. dollars..."
Qu Shan listed the basic situation of Wan Qing Mining and the specific situation after the restructuring and division.
"Due to the previous contract termination with the UK, the company can only maintain normal operation. At the end of this month, we still have to pay the Algerian Government $6.13 million for employee insurance funds. If we want to make profits, we have to replace many pieces of equipment." Qu Shan’s point was simple, the company was short of money.
Tang Qing nodded and said, "I’m aware of that. I will make more investments in the future."
"I understand. What about Wan Qing Italy Mining Company? Does it need to be sold? The Italian government has indefinitely delayed the suspension order there. Unless we can persuade their Ministry of Mines, invest a large sum of money to improve the conditions of the mine, and buy new equipment, we still need to go through three Italian local government hearings. It’s very troublesome." Qu Shan asked.
In his view, this was already a complete bad asset.
Tang Qing laughed, "I know. This company will continue to exist. The newly purchased mines in Algeria will all be attributed to this company. In other words, Wan Qing Algeria Mining Company is just a shell for them to construct casually, as if nurturing some parasites, while the other two companies will serve as the main focus of future development."
"Yes, Chairman, I understand what to do now." Qu Shan realized.
Tang Qing added, "Hmm, the company won’t make any major moves this year, focusing mainly on integration and getting familiar with everything. Just keep the company in order for now. Next year, I will increase the investment in the company. You will then be very busy."
"Thank you, Boss Tang. I’m always ready." Qu Shan said cheerfully.
"Good. Now you can get to work. Set everything up over there first. Next year, I may consider moving Wan Qing Mining’s headquarters back to Asia, perhaps even in our own country. You can come back then." Tang Qing replied with a smile.
In Tang Qing’s mind, Wan Qing Mining was positioned as a world-class company, so naturally, the headquarters wouldn’t be set up in Algeria. It’s just that the current setup was small, so there was no need to be too particular.
"Thank you, Boss Tang." Qu Shan was overjoyed. Everyone likes working in their own country, and it was because he was willing to go to Algeria that Sky Eye chose him. The other competitors weren’t willing to go.
They would probably regret it.
Before, no one knew how wealthy the boss they were working for was.
"Boss Dou, is there anything you want to say?" Tang Qing turned to Dou Jiao and asked.
Dou Jiao spoke up in her professional tone, "Yes, there’s one thing. It concerns the audit of Algeria Mining Company’s financial records. This company used to be state-owned, and there’s a huge corruption issue inside that nearly involved all of the company’s previous senior executives.
They seemed to be so arrogant; we have already found a lot of evidence and can sue them at any time. This wouldn’t even violate the content of the agreement previously signed with the Government of Algeria." This was what Sky Eye intended to do. After seeing how they’d been wasting money, she felt sorry for Tang Qing’s loss.
Tang Qing waved his hand and said, "No, no, no, why sue them? It’s just a small company. Right now, I have managed to trap these big fish in a small pond where they can no longer stir up any waves or harm my big pond. Let them play among themselves slowly. In fact, the more they play, the better."
"Why?" Dou Jiao asked, puzzled.
"I can’t reveal that now. All you need to focus on is the audit and the report. Anyways, they can no longer harm the interests of my other two companies, so I don’t care." Tang Qing said with a mysterious smile.
Dou Jiao could only let it go.
"Okay, I understand. I will keep these pieces of evidence. They can be useful at any time." Dou Jiao didn’t know what else to say. Since Tang Qing wasn’t concerned about the loss, all she could do was to make a suggestion, which was part of Sky Eye’s duties.
"Hm, alright. President Qu, you can get to work now." Tang Qing told Qu Shan.
"Yes, Chairman, Boss Dou, goodbye."
"Goodbye."
The communication with Qu Shan ended.
Dou Jiao quickly asked, "Boss, are you really planning to just let this company run like this? Last time you said that taking over this company would give us money to spend, but where did the money come from? The whole company has losses, and the financial statement is the worst I’ve seen, especially the records of the property in and outflows. It’s blatant corruption."
"I know, let’s leave it at that for now. As for the question about having money to spend, here’s a little secret for you. This gold mine isn’t that simple." Tang Qing replied with a slight smile.
"Gold mine? The Wan Qing Precious Metals Mining Company from which you didn’t allow Sky Eye to participate." Dou Jiao was quite puzzled as to why Tang Qing didn’t allow Sky Eye to intervene in that company, so it turned out that there were secrets.
"Yes, I’m afraid I can’t tell you anything else, but rest assured, we won’t lose anything. In fact, we’ll make a lot." Tang Qing generously gave away a little hint, which could calm Dou Jiao’s mind.
"Phew... I understand."
Dou Jiao took a deep breath. Her imagination is very strong, but what Tang Qing wanted to do... she couldn’t guess at all and was too lazy to guess. After all, the company belongs to Tang Qing and he wouldn’t mess around with it.
Dou Jiao continued, "Oh, by the way, there’s another matter. As it’s almost the end of the year, Qingyan City will be selecting the top ten outstanding entrepreneurs of the year. The city is planning to put you on the list and there will be an award ceremony at the end of the year."
"No." Tang Qing rejected the idea without a second thought. It would be such a hassle.
"..."
