Chapter 118: Chapter One Hundred and Eighteen: Refinery and Gold (Subscribe!)

Forty-eight gold bars weighing five hundred grams each, with a total weight of twenty-four kilograms.

When converted into pounds, the total value of these gold bars is more than 3,200 pounds.

Although it doesn’t seem like much, these are actually just one-third of the daily output from the mining area.

In other words, if the gold mine production continues to grow, the new gold mine could make a profit of at least tens of thousands of pounds per day, amounting to at least over three million pounds a year.

According to the industrial sector’s division of the mining area and the estimation of gold reserves, this new gold mine has at least twenty million tons of reserves.

This could bring tens of millions or even more pounds of revenue to Australia, depending on the speed of gold mining.

The scale of the gold mine is in sync with Arthur’s plan for issuing a new currency.

Although the new currency is being planned, Arthur never imagined that it would replace the pound in Australia within a short period.

Before World War I broke out, the British Empire was still the undisputed superpower, and the position of the pound was irreplaceable, even in independent Australia.

What Arthur could do was to issue a certain scale of currency for Australia and make the new currency circulate at least within Australia’s territory.

Even within Australia and Oceania, replacing the pound with a new currency was an ambitious plan.

Therefore, Arthur set the maximum limit for the new currency issuance plan to an equivalent of twenty million pounds.

This was a carefully considered figure. If the amount of newly issued currency was too small, it would not be enough to circulate within Australia, and people would only want to collect it instead of circulating it.

If too much new currency was issued, it might achieve good results in a short time.

However, if any problem arises with the new currency or external factors reduce its acceptance, the entire new currency issuance could fail.

If it is more serious, it could directly threaten the future official Australian currency issuance.

After all, once bitten by a snake, one is afraid of a rope for ten years. If there is any problem with the issuance of the new currency, people will carry it over to the future Australian official currency.

Under the guidance of Adam Rot, Arthur, Prime Minister Evan, and Minister Pierre finally saw the first batch of gold bars newly refined by the refinery.

For easy storage and calculation, each gold bar is equal to five hundred grams, with a total of forty-eight gold bars neatly arranged in the warehouse.

Although Prime Minister Evan and Minister Pierre’s net worth far exceeded the value of these gold bars, there was a slight fluctuation in their eyes after seeing the neatly stacked gold bars, but they soon suppressed it.

Arthur, of course, needs no further explanation. As a tycoon with a net worth of over £100 million, this amount of gold could not satisfy him.

With any expenditure in Arthur’s hands, any item is a huge expense of tens or even hundreds of thousands of pounds, and the thousands of pounds of gold are too inadequate to affect Arthur in any way.

“Manager Adam Rot, how much gold can your refinery produce in a day?” Arthur looked at the person in charge of the refinery and asked.

In order to issue twenty million pounds in new currency, there should be at least ten tons of gold in hand and a guarantee of a large amount of gold being mined every day.

Therefore, the refinery’s gold production speed also determines the timing of the new currency issuance. If there is not enough gold reserve, Arthur does not intend to issue the new currency as soon as possible.

“Your Highness, many factors determine the production of gold. If a sufficient supply of gold ore is guaranteed every day and the workers are put to work overtime, we should be able to guarantee at least fifty gold bars produced per day,” Adam Rot contemplated carefully before speaking.

Indeed, as Adam Rot said, the speed of gold production depends not only on the refining speed at the refinery but also on the transportation quantity of gold ore and the number of workers, et cetera.

“This production level is not enough. We need to at least match our daily output from the mining area,” Arthur shook his head and commanded, “Now the mining area’s output is already over five thousand tons per day, and it will continue to increase. Under these circumstances, I hope the refinery can process at least five thousand tons of gold ore every day, so as not to waste the resources and manpower we have invested. Any issues can be reported to Minister Pierre, whether it is a lack of workers, equipment, or space, expansion can be carried out quickly. In short, I hope the refinery can match the mining area’s output as soon as possible. Can you do that, Manager Adam Rot?”

Adam Rot hurriedly nodded and said, “Please rest assured, Your Highness. As long as we have sufficient equipment, personnel, and funds, I promise to increase gold production in the shortest time.”

Adam Rot understood that Arthur’s question was not for him to answer but for him to make a firm commitment.

If he can’t successfully expand gold production with sufficient personnel, equipment, and funds, Arthur will have to change the person in charge of the refinery.

In order to secure his position, Adam Rot had to accept the difficult task no matter how arduous it was.

However, the good news is that Arthur guarantees the supply of equipment and personnel, and there will be no shortage of funds.

Under these conditions, it is not too difficult to expand gold production. At least, Adam Rot is confident that he can achieve it.

After Adam Rot’s assurance, Arthur nodded in satisfaction and instructed, “Gold production is of great importance to Australia, and it will be related to significant plans there. If we can successfully increase gold production, Adam Rot, you will also have a lot of merit. You can report any issues encountered in the process to Minister Pierre, and he will ensure the smooth expansion of the refinery.”

Adam Rot nodded repeatedly, respectfully agreeing.

The gold bars produced by the refinery will be transported to the Royal Bank’s gold vault in Sydney, one of Australia’s few cars, until they are needed.

The security of the Royal Bank’s gold vault is naturally unquestionable, and its level of security even exceeds that of the refinery.

The only worry is the journey between the refinery and the Royal Bank, but since the military is protecting it, there should be no problems, basically.