Chapter 403 Wash Mining Is Back
Now. Hardy wanted to secure the drilling rights before that man did. The billions of dollars would then be his.
Finally, Hammer agreed to Hardy\'s proposal.
John would continue to manage domestic production, while Hammer, along with his assistant, would head to Saudi Arabia to negotiate with the Saudi royal family for the drilling rights.
After settling the oil company matters, Hardy shifted his focus to Wash Mining. Wash Mining had long been under Hardy\'s control. The reason the name hadn\'t been changed was that it wasn\'t a priority. Sending Columbus to Australia to prospect was mainly because they were idle.
Based on future knowledge, Hardy knew that iron ore deposits were widespread in Western Australia, and many large mines had yet to be developed. So, he sent them out to look.
But unexpectedly, they found a gold mine.
Upon receiving the news, Hardy immediately summoned Columbus back for a face to face report. After two days, Columbus had arrived in Los Angeles.
At the Hardy Group headquarters, Columbus was led into the office by a secretary. Hardy took a look at the man, who still had a weathered appearance, with a prospecting pack slung over his shoulder.
"Boss, we\'ve found gold." Columbus said with a grin.
He placed his pack on the table, opened it, and took out several pieces of ore. Hardy picked one up, and Columbus began explaining,
"This is gold ore. Based on our tests, the ore\'s grade is about 8 grams per ton, which qualifies it as a rich mine."
According to the standard, ore with less than 3 grams per ton is considered medium grade, 5 to 50 grams is considered rich, and ore with 50 to 500 grams per ton is considered super-rich.
"At 8 grams per ton, it\'s on the lower end of the rich grade," Columbus continued.
"How large is the deposit?" Hardy asked.
If it was just a small vein, it wouldn\'t be worth the cost of extracting it. Mining in remote areas required significant investment.
"We\'ve drilled five holes, and this appears to be a large deposit. We estimate there\'s over 200 tons of gold, though this is just a preliminary assessment. A more detailed survey is needed to determine the exact reserves. Who knows, there might be more surprises."
Hardy picked up another piece of rock. It looked like a bunch of granite, with occasional flashes of gold.
"Columbus, you did a great job on this. Everyone involved will receive a bonus, and yours will be the highest. Go take a break now. I\'ll handle the rest," Hardy said with a smile.
"Thank you, boss." Columbus left with a wide grin.
They had endured so much hardship in the wild for one reason – to make more money.
After Columbus left, Hardy immediately summoned two vice presidents from the Hardy Group, one named Jason and the other Andrew.
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"Jason, I have a task for you. Wash Mining has discovered a gold mine in Australia. You\'ll take a lawyer with you to Australia, either buy the land from the government or obtain a mining permit for that area," Hardy instructed.
"Understood, boss. I\'ll take care of it," Jason quickly responded.
"Andrew, you handle financial investments. Once Jason secures the mining permit, publicly announce that Walsh Mining has discovered a large gold mine in Australia and push up the stock price."
Andrew nodded.
If Andy were still around, Hardy would only need to give him one sentence. Now, he had to handle everything personally.
Hardy owned 91% of Wash Mining shares. Currently, the stock price was $1.23 per share, mostly due to the company holding a 20% stake in Rocky Mountain Mineral Water.
However, with the discovery of a large gold mine, Hardy was confident that Walsh Mining\'s stock price would soar. Once the news hit the newspapers, television, and stock market analysts, it would become a hot stock.
With the financial team manipulating the stock price, Hardy could make a fortune, even if they never mined the gold. Such was the allure of the stock market.
Jason brought his assistant and a team of lawyers. Hardy specially provided his private plane for their use, and Columbus came along. In just one day, they arrived in Perth, the capital of Western Australia, to apply for a mining license and purchase land from the state government.
Why not approach the Australian federal government?n/ô/vel/b//in dot c//om
Although Australia is an independent continent, it operates as a federation, much like the United States. Each state has a high degree of autonomy, and if you want to purchase mining land, you must go through the state government.
Australia has always supported private mining, so obtaining a mining license wasn\'t difficult, as the government benefits significantly from mining royalties. According to the law, they collect 30% of the revenue in taxes.
Jason\'s team quickly obtained the mining license.
In fact, as long as you have a mining license, purchasing the land isn\'t necessary. Once you have the mining rights, the land where you\'re granted mining access automatically becomes yours. Therefore, buying land is not required.
But Hardy was fixated on acquiring more land, so before Jason left, Hardy specifically instructed him to purchase as much land as possible, as long as the government agreed.
After securing the mining rights, Jason asked the state mining department head who was hosting him, "We\'d like to buy more land for further exploration. How much land is available?"
The mining department head smiled.
"Plenty of land."
He cheerfully pulled out a map of Western Australia, pointing at it. "The areas marked in red are privately owned, and those marked in green belong to the government.