The bankers say no: Forrest

FORTESCUE Metals Group chief executive Andrew Forrest says it is a “mathematical certainty” FMG will be unable to raise additional debt to expand its Pilbara iron ore operations if the federal government’s resources super-profits tax goes ahead.

The bankers say no: Forrest The bankers say no: Forrest The bankers say no: Forrest The bankers say no: Forrest The bankers say no: Forrest

In a teleconference this afternoon, Forrest told journalists his company’s bankers have refused point blank to extend FMG’s debt to fund the Solomon and Western Hub if the new tax is introduced.