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Fortescue secures $1.5bn for expansion

Mineweb | October 26, 2011 | 8:10 am Australia Europe Iron Ore 

The company said Wednesday it has raised $1.5 billion worth of senior unsecured notes which will pay 8.25% per annum, to help fund its infrastructure expansion. (Reuters) - Fortescue Metals Group, Australia's No. 3 iron ore producer, said on Wednesday...

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