AGY 6.98% 4.0¢ argosy minerals limited

Because China has no problem greasing the wheels and ignoring...

  1. 2,315 Posts.
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    Because China has no problem greasing the wheels and ignoring ESG concerns since their own country turns a blind eye. They can build there with their methods in a quarter the time here. They will improve quality.

    If say a BHP went into Africa they would be held to Australian standards and still be building 2040.

    I'll tell you a side story, I used to work at BHP Steel for some time. In the 80's we went to China to build some plants and everyone was worried but there was no need becasue all they could produce was rubbish even with good gear. I remember people laughing saying they'll be no threat they wont get it running to our quality. Well guess what? They persisted and ended up producing a better quality product at their labour rates.

    People under estimate the ruthlessness of the Chinese when it comes to business.






 
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