METAL DETECTIVE

FMG's Hamlet moment on TPI

TO sell, or not to sell? That is the question for debt-burdened Fortescue Metals Group. Six months ago the part-sale of its port and rail looked a no-brainer, but the plunging Aussie dollar has provided some breathing space for the good ship FMG. <i><b>The Metal Detective</i>, By Stephen Bell</b>

Stephen Bell

Four billion dollars is a big carrot in any man’s language, particularly when you have net debt of around $US10 billion, as Fortescue estimated last week. But is the mooted sale price for 40% of FMG’s...

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