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Fortescue Metals Group Provides Quarterly Activities Report

Fortescue has released its March 2018 quarterly production results, reporting iron ore shipments of 38.7 million tonnes (mt) and cash production costs (C1) of US$13.14 per wet metric tonne (wmt). 591 more words

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Fortescue Metals Group Announces Redemption of US$1,552m of Senior Secured Notes

Fortescue Metals Group announced a voluntary redemption notice of US$1,552 million in relation to the 9.75% Senior Secured Notes due in 2022 (the “Notes”).

The combination of proceeds from the US$1.4 billion Term Loan signed on 21 February 2018, the issue of US$500 million of Senior Unsecured Notes on 1 March 2018 and US$100 million cash, enables the repayment of US$2.0 billion of the outstanding balance of the Notes as follows: 468 more words

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Fortescue Metals Group Announces Successful Completion of US$500m High Yield Bond Offering

Fortescue Metals Group Limited (Fortescue) (ASX: FMG) has today priced an offering of US$500 million of 5.125% Senior Unsecured Notes due 2023. The offering is expected to settle on or about 15 March 2018, subject to customary closing conditions. 494 more words

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Fortescue Metals Group Launches US$1.4bn Tender

FMG Resources , an Australian corporation and a direct wholly-owned subsidiary of Fortescue Metals Group Ltd  (ASX: FMG), an Australian corporation, announced today that it is offering to purchase for cash up to US$1,400,000,000  in aggregate principal amount of its 9.750% Senior Secured Notes due 2022 . 619 more words

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Fortescue Metal's Mr. Nev Power Resigns

Fortescue Metals Group Limited has announced the details of the key terms of the employment contract for Ms Elizabeth Gaines as incoming Chief Executive Officer, effective 19 February, 2018… 507 more words

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Fortescue Metals Group Achieves A$2Bn Opportunities Milestone

Fortescue Metals Group’s (ASX:FMG) Billion Opportunities program has reached a significant milestone, recognising the award of A$2 billion in contracts and sub-contracts to Aboriginal businesses and joint ventures. 434 more words

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Fortescue Metals Group Provides Quarterly Production Report (December 2017)

Fortescue has released its December 2017 quarterly production results, reporting total shipments of 40.5 million tonnes of iron ore. Cash production costs  were lowered to a record US$12.08 per wet metric tonne. 490 more words

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