Fortescue tipped to sell assets
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Fortescue tipped to sell assets

Mumbai : India | Sep 16, 2012 at 10:20 AM PDT
Source: The Age
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Fortescue Mining is hostage to the iron ore price and ''in the lap of the gods'', says MineLife analyst Gavin Wendt, who yesterday tipped the company could be forced to sell off assets, including two more power stations, three airports, 11,000 accommodation units and $2.5 billion worth of mining fleet.... FULL ARTICLE AT The Age
 
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    Fortescue, Australia's third-largest iron ore miner, requested a trading halt on Friday after its shares sustained their worst loss in almost four years. It is currently in negotiations with banks to waive debt covenants on some of its $8.5 billion...

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