FORTESCUE Metals Group has secured $US490 million ($497m) in senior debt facilities that will help fund the expansion of its mining operations in Western Australia.
FMG said the facilities were supported by European export credit agencies and would be progressively drawn down over the next 12 to 18 months. They would have an average maturity of 10 years and be amortised over the life of the facility.
The miner has committed to almost tripling its iron ore production to 155 million tonnes a year by the middle of next year, from 55 million tonnes.
Chief financial officer Stephen Pearce said the facilities would extend FMG's debt maturity profile at attractive rates and " demonstrate (its) ability to diversify funding sources from a range of local and international capital markets".
DOW JONES NEWSWIRES
FORTESCUE Metals Group has secured $US490 million ($497m) in...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.41 |
Change
-0.260(1.20%) |
Mkt cap ! $65.92B | |||
| Open | High | Low | Value | Volume |
| $21.52 | $21.67 | $21.30 | $150.5M | 7.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $21.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.41 | 12657 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |