SYDNEY (Dow Jones)--Fortescue Metals Group Ltd. (GMG.AU) is considering borrowing up to US$6 billion to fund the proposed expansions of its Chichester and Solomon projects after the iron ore miner signed a new US$2.04 bank facility over the weekend, according to a report in Tuesday's Australian Financial Review.
"If we proceed with both projects simultaneously, that is the sort of debt we will require," Fortescue Chief Financial Officer Stephen Pearce told the newspaper.
Newspaper website: http://www.afr.com
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