Dryblower on the excruciating process through which FMG will now pass

CAN Fortescue Metals Group survive the crisis which has seen it appeal for the mercy of its banks and suspend trading in its shares? Of course it can, though, as Dryblower will explain, FMG will be a very different business once the crisis passes.

Big changes are certain at the company which so badly misread the iron ore and debt markets that it committed the cardinal sin of borrowing more money just as demand for its only product collapsed.