Fortescue Says Extra $1.5 Billion Available for Debt Repayment

  • Producer says cashflow generation means funds available
  • Iron ore supplier sees cash costs falling further in 2016

Fortescue Metals Group Ltd., Australia’s third-largest iron ore supplier, said it’s got an extra $1.5 billion available for further debt repayment as cost cutting has boosted cashflow.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.

You might like: