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Thursday, 15 Oct 2009
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FMG can self finance its expansion plan - CEO
Thursday, 15 Oct 2009

Reuters reported that Fortescue Metals Group Limited can self finance its expansion plan to more than triple annual output to about 95 million tonnes.

Mr Andrew Forrest CEO of Fortescue, speaking at a media briefing after its September quarter production report, made the comment against the background of delayed attempts to secure up to USD 6 billion in finance from Chinese investors.

(Sourced from www.reuters.com)

 

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