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Fortescue Metals averts disaster with $4.5 bln credit facility

Marc Howe | September 18, 2012 | 1:02 am Australia Europe Iron Ore 

Australian iron ore stalwart Fortescue Metals Group (ASX:FMG) has managed to avert its debt woes by obtaining a fresh USD$4.5 billion credit facility. Proactive Investors reports that the iron ore player has obtained an underwritten commitment from Credit Suisse and...

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