Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Australian miner Fortescue Metals Group on Monday played down worries about the need to refinance its debt, saying its mines are still making money despite a slump in iron ore prices to their lowest level since 2008. The company had a number of options to refinance, including seeking a new term loan or high yield debt, Chief Executive Nev Power said, the week after the world no.4 iron ore miner scrapped a $2.5-billion bond sale.
Australian miner Fortescue Metals Group on Monday played down worries about the need to refinance its debt, saying its mines are still making money despite a slump in iron ore prices to their lowest level since 2008. The company had a number of options to refinance, including seeking a new term loan or high yield debt, Chief Executive Nev Power said, the week after the world no.4 iron ore miner scrapped a $2.5-billion bond sale.
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