13
Sep
09:35
FMG pays down more debt
Australian miner FMG has issued a notice that it will pay down another $700 million of its 2019 debt. The move will cut another $26m from its annual interest payments, bringing its all-in costs down even further, Kallanish notes.
Since several analyst prematurely called the demise of FMG two year ago the company has reduced both C1 costs and used firmer prices to rapidly pay down its debts to cut financial costs. It paid down $2.9 billion of debt in the financia…
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Anonymous
Very good overview of the weekly steel market.
Anonymous