We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Fortification required

17 September 2012 By Kevin Allison

The iron-ore miner borrowed heavily to fund a spending binge on the assumption prices would stay high. Now it’s comeuppance time. The shares fell 14 pct on Sept. 13 on talks over debt covenants. But Fortescue isn’t about to run out of cash and there’s time for prices to recover.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)