Further funds required: FMG

FORTESCUE Metals Group could seek up to $US1 billion ($A976 million) in additional funding to cover the $600 million cost overrun for its Pilbara expansion.

Further funds required: FMG Further funds required: FMG Further funds required: FMG Further funds required: FMG Further funds required: FMG

The company announced this morning that the budget for the expansion to 155 million tonnes per annum had risen to $9 billion.