Fortescue upbeat on debt

Miner says it will be comfortably repay debt without entering JVs or selling assets.

Fortescue Metals Group (FMG) says it's in a position to comfortably repay debt without having to do joint ventures or sell assets as the price of iron ore remains strong.

Chief executive Nev Power said Fortescue's decision to use debt to fund its rapid expansion had been vindicated as the Kings mine began producing iron ore two weeks ago.


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