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Fortescue capitalises on iron ore surge

Australia producer uses price rally to further deleverage

Mining Journal
FMG’s CEO Nev Power has helped cut costs and deleverage the business over the past two-and-a-half years

FMG’s CEO Nev Power has helped cut costs and deleverage the business over the past two-and-a-half years

The Perth-based miner, which has seen the price of 62% Fe iron ore rise 73% since the $37 per tonne low in December, has initiated a $577 million repayment of debt through a voluntary redemption notice...

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