Original article by Paul Garvey
The Australian – Page: 16 : 14-Dec-15

Australian-listed Fortescue Metals Group has repurchased some $A1.1bn of its debt so far in 2015. This includes paying $US618m for debt with a face value of $US715m in November. The iron ore producer has reduced its annual interest costs by $US88m by repurchasing its debt. Meanwhile, the downturn in the iron ore price has prompted speculation that Atlas Iron could breach its debt covenants, while BC Iron recently advised that its Nullagine mine will be shut down.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, ATLAS IRON LIMITED – ASX AGO, BC IRON LIMITED – ASX BCI, BLOOMBERG LP