Fortescue May Seek $2 Billion Debt Repayments in Next Year

  • Company likely to ‘blast through’ target to cut gearing: CFO
  • Iron ore supplier likely to cut debt before any refinancing

Fortescue Metals Group Ltd. may reduce its debt pile by about a further $2 billion in the coming year as the world’s fourth-biggest iron ore supplier looks to take advantage of healthy margins to reset its gearing targets.

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