geoff plummer interview, page-7

Good interview with Geoff Plummer, i think the reason debt levels weren't raised in the interview were that people in the know as in investors, decent journos etc the $2billion debt was to acquire the iron ore business, convert the blast furnaces to take magnetite so the hematite could be exported, expand the port and to buy Moly cop, all these are were essential investments to grow the company and move away from the focus on steel making and not bad debts IMO.
Arrium is now a diversified materials, resources infrastructure(port) company with huge potential IMO. Within a year they will be exporting 12MTPA of iron ore, the mining consumables business will be still growing, debt should be getting paid down and there share price will be heading north, Allan Kohler has recently added Arrium as a buy at these levels, not sure how much weight he pulls but he knows a lot more than me.
Good luck buying at these levels for much longer.