BREAKFAST DEALS: Fortescue flip

Fortescue Metals' rapid turnaround on its refinancing could end up being the deal of the year, but Mt Gibson hasn't been doing so well.

Two iron ore deals are in focus this morning – one good, one not so good. Fortescue Metal Group’s refinancing deal has changed the mood around the place so rapidly that it might just end up being the deal of the year (admittedly, it’s a quiet year, but we’ll get to that later. The other is Mount Gibson Iron is again at odds with Chinese customer Rizhao over an agreement it must be wishing was behind it by now. No need to tell anyone today, but Nine Entertainment is in the limelight and its deal with Cricket Australia could be a cause for concern, while Ten Network isn’t giving anything away in regards to EYE Corp. Finally, Australian online currency conversion player OzForex is going truly global.

Fortescue Metals Group

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