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Iron ore crash puts pressure on Fortescue

Those likely to look at it as a takeover target include Chinese steel makers and commodities giant Glencore

Receiving facility of Fortescue's Herb Elliott Port in the Pilbara region, Western Australia. The firm could sell stakes in its mines, which are all 100 per cent owned.


AUSTRALIA's Fortescue Metals Group has two stark choices to deal with a crash in the iron ore market and cut its US$9 billion debt pile - sell off stakes in its mines or transport infrastructure, or sell new shares.

Investors say the quickest capital-raising option for...

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