This time, the royal family of the Lampali Kingdom suddenly announced its decision to publicly auction two iron mines located within Bangta City. In a short period of time, it attracted the attention of almost all powerful chambers of commerce in the kingdom.
After confirming that the news was true, the chambers of commerce that rushed to Bangta City to participate in the auction included almost all the top chambers of commerce in the Lampali Kingdom.
It was clear to everyone that this was an excellent opportunity.
Because before this, almost all the iron mines in the Lampali Kingdom were controlled by the Joseph family, and no one else could get involved.
But now His Majesty the King has put two iron ore mines up for public auction, which undoubtedly means that the royal family's attitude towards the Joseph family has begun to change, and it has begun to acquiesce that other chambers of commerce can join the iron ore mining industry.
Everyone has different guesses as to why the royal family suddenly did this.
The most common speculation is that His Majesty the King finally expressed his dissatisfaction with the Joseph family's single-handed control of the kingdom's iron mining industry. This is a sign that he will take action against the Joseph family.
The second guess was made by some people who knew the kingdom's finances better.
Because the kingdom's finances have been at an extremely low level over the years, even if His Majesty the King wants to take some actions, he is always limited by financial problems and cannot achieve it.
So being forced to do so, His Majesty the King finally decided to use all the mineral resources of the royal family in exchange for enough financial revenue to support his other plans.
It should be said that this guess is actually relatively close to the truth. If we speak generally this time, it is indeed because His Majesty the King is limited by the Kingdom's finances and cannot purchase the tens of thousands of farmland magic machines needed by the Kingdom from the Xinfei Chamber of Commerce in one go. Machinery, only then would I think of using mines to pay for it.
However, because the agreements Xu Yi signed with His Majesty the King and the Department of Agriculture were carried out in extremely secretive circumstances, very few people knew about it.
The reason why the Joseph family knew about these two mines. It was also deduced from His Majesty the King's actions towards these two mines, so we requested fair bidding from His Majesty the King.
Sevini assured Xu Yi that the Joseph family should not know about the role played by the Xinfei Chamber of Commerce, but Xu Yi was not sure.
And now I see the look in President Fuller Morgan’s eyes. Xu Yi was immediately sure. Even if the Joseph family didn't know that clearly, they definitely knew that they and the Xinfei Chamber of Commerce must be involved.
As for how much Joseph's family knew. Xu Yi couldn't be sure.
After thinking about it, Xu Yi walked straight towards President Morgan.
Seeing Xu Yi walking towards him, President Morgan quickly put a smile on his face and raised his glass to signal Xu Yi: "Hey. Dear Xu, I am really surprised that you can appear here today."
"President Cruz said the same thing just now." Xu Yi shrugged. "It seems that most of the people here have this idea."
President Morgan smiled and did not deny it at all.
Xu Yi didn't want to get entangled with him on this issue and said bluntly: "President Morgan, your Falcao Chamber of Commerce already controls almost half of the iron ore in Bonta City. Now that there are two more, you can't let go." Give it up?"
President Morgan touched the half-white hair on his head and laughed: "Is President Xu joking? Since our Falcao Chamber of Commerce already controls half of the iron ore, why not use the rest?" Do you want to control the iron ore in your own hands? President Xu, your Xinfei Chamber of Commerce is currently engaged in the exclusive business of magic machinery. If someone else comes out to snatch it from you, will you be willing to give it up?"
"I'm very willing." Xu Yi nodded. "Competition will lead to development. In fact, I really hope that in addition to our Xinfei Chamber of Commerce, there will be several or even dozens more chambers of commerce that produce magic machinery. If we are alone, the development of this industry will be too slow."
President Morgan's face darkened slightly and he frowned: "President Xu, are you not sincere in your words? Now the reason why your Xinfei Chamber of Commerce is so profitable is because only your chamber of commerce can produce magic machines. If it's like what you said, If there are several or even dozens of more chambers of commerce that can also produce magic machines, do you think your chamber of commerce can still make so much money?"
"Well, there are a few over there." Xu Yi raised his chin and looked at the group of people gathered together at the far end of the banquet hall.
President Morgan followed Xu Yi's gaze and said disdainfully: "These guys from Saltan City actually want to grab business in our Bangta City territory. They really don't know what to do after death."
That group of people were representatives of some chambers of commerce in Saltan City. Among them, the one surrounded by a group of people and talking loudly was President Brno of the Leo Chamber of Commerce. Among the people around him, there were also Xu is also familiar with the president of the Fasak Chamber of Commerce.
Perhaps feeling the gazes of Xu Yi and Morgan, President Brno stopped talking to the people around him and turned his head to look over.
When Xu Yi's eyes met, President Brno's eyes flashed with a hint of coldness, but a smile appeared on his face, and he even raised the wine glass in his hand to signal Xu Yi from a distance.
Everyone on the side saw his actions and looked over. President Fasak immediately showed a sincere smile and also raised his glass to Xu Yi.
The other few people were a little confused. They didn't understand why President Brno and President Fasak, who could be called the most influential people in Salta City, were facing a young man opposite who didn't look very impressive and was too young. The person made a special trip to signal.
If Xu Yi is from a noble family, then the family power behind him is enough for the two of them to be polite to him. However, no matter how Xu Yi looks at it, he does not have the unique temperament of a noble family.
However, since President Brno and President Fasak have expressed their opinions, everyone will naturally not be stingy with their smiles and also raise their glasses to Xu Yi.
Xu Yi also raised the wine glass in his hand, smiled at the other side, and said to President Morgan: "This is a public auction held by His Majesty the King and the Mining Federation in Tacheng. We have nothing to do in front of the Saltan people. special advantage.”
"Us?" President Morgan frowned and couldn't help but said: "President Xu, does your Xinfei Chamber of Commerce really want to participate in the auction?"
"Of course, otherwise what would I do?" Xu Yi said matter-of-factly.
President Morgan was silent for a moment, then snorted softly and said: "President Xu, as a friend of the Federation, I have to advise you, it is best not to do things that are beyond your capabilities."
Xu Yi nodded: "Thank you, President Morgan, for your advice. I know what to do."
President Morgan snorted in an aggravated voice, raised his glass and walked away.
Watching his leaving figure. Xu Yi touched his nose. He smiled bitterly: "Why is it that no one is willing to believe that we have the strength to buy these two iron mines?" After thinking about it, he shrugged. He smiled self-deprecatingly and said, "Well, actually I don't believe it myself."
The banquet was slowly moving forward amidst the chatter of everyone. When everyone felt that the time was about to come, Earl Satsuma appeared from the back of the hall at the right time. It instantly attracted everyone's attention.
After welcoming everyone and saying some polite words, Earl Satsuma quickly got down to business and began to announce the highlight of the banquet—the official start of the auction.
"Entrusted by His Majesty the King, this auction will auction two mines located about 50 kilometers to the west of Bangta City and about 60 kilometers to the southwest. According to the exploration of the Kingdom's Mineral Resources Agency, these two mines are not only rich in iron ore. In addition, it is also rich in various other metal minerals... "
For the case of two iron mines. Most of the people in the audience already had a certain understanding, but after hearing Count Satsuma's detailed introduction, everyone was still amazed.
According to the exploration results of Kingdom Mining, both iron mines can be regarded as first-class ore veins. If it can be mined normally every year, the minimum income will be more than 100,000 gold coins.
If you can buy both iron mines, you can still make a lot of money even if you need to invest a lot of money in mining.
"According to His Majesty the King's instructions, this time is not the auction of the ownership of these two iron mines, but the auction of the mining rights for a period of fifty years. Those who are interested can bid." Earl Satsuma added.
Everyone nodded secretly, not surprised.
This is what it should be. Even the iron mines now controlled by the Joseph family still nominally belong to the royal family of the Lampali Kingdom, not the Joseph family, but the mining rights have always been in the hands of the Joseph family. , is actually still controlled by the Joseph family.
Fifty years of mining rights is not too long for an iron mine, but it is not too short either.
If you are willing to invest, fifty years is enough time to earn back your capital from iron ore and make a fortune at the same time.
After introducing the basic conditions of the two iron mines, Earl Satsuma handed over the hosting responsibility to two specially invited hosts and auctioneers.
The host did not immediately announce the start of the auction, but the first thing he did was to require those participating in the auction and the chamber of commerce to pay a deposit first.
This is not a particularly exceptional situation.
Before a particularly large auction, there are usually rules like this to ensure that everyone participating in the auction is strong enough to participate, so as to avoid anyone deliberately causing trouble.
Most of the people who came to the banquet had already prepared, so under the supervision of people sent by the city lord's palace, everyone handed over the deposits that had been prepared long ago.
According to the popular rules on Sainz continent, the deposit must be at least 40% of the base price. The base price of the two mines adds up to 1.2 million gold coins, so the margin alone is as high as 480,000 gold coins. .
Seeing the businessmen filing in one after another and handing over their deposits one by one, Xu Yi couldn't help but feel confused.
Judging from the current situation, there are many powerful businessmen in the Lampali Kingdom, and so many chambers of commerce can spend a huge sum of 480,000 gold coins.
However, the fiscal revenue of the Lampali Kingdom is pitifully less than one million gold coins. This contrast is too great.
Glancing at President Morgan who was walking up to the stage, Xu Yi narrowed his eyes thoughtfully.
Soon it was Xu Yi's turn to take the stage. As soon as the host called out Xu Yi's name, more than half of the people in the audience turned their attention to him.
The businessmen in Bangta City certainly recognize Xu Yi, and because of the Xinfei Chamber of Commerce, businessmen in several cities around Bangta City have actually heard of Xu Yi for a long time.
Even those who didn't know Xu Yi before today heard some rumors about Xu Yi and the Xinfei Chamber of Commerce during the banquet, and were a little curious about the rapidly developing Xinfei Chamber of Commerce.
But everyone also knows that no matter how profitable this newly emerged chamber of commerce is, there is no way it can earn half a million gold coins in less than half a year.
So when Xu Yibu walked out of the crowd and walked towards the stage, countless curious or suspicious eyes were cast over him.
Can this Xinfei Chamber of Commerce really come up with so much money
With a perfect smile on his face, Xu Yi walked up to the host at a leisurely pace. He first gave a smile to Earl Satsuma who was sitting next to him, and then took out a paper bag that didn't look very thick from his arms.
The host took the paper bag, opened it, looked at it, glanced at Xu Yi in surprise, and then announced loudly: "Xinfei Chamber of Commerce, please pay five gold tickets with a denomination of 100,000 gold coins issued by the Chimera Chamber of Commerce, totaling 500,000 gold coins!"