|The world's fourth largest iron ore company forties under the high high debt expansion
發布者：管理員 發布時間:2013/08/10 14:25:20閱讀：951次
|The world's fourth largest, Australia's third largest iron ore producers f fortescue metals group (his) 23, announced that the group of 2012-2012 fiscal year iron ore production surged 41%. This suggests that the group adhere to the high liabilities, the rapid expansion of business strategy.
Forties hill now carry $12 billion in debt. According to the United States investment consultancy darfur motley, forties high asset-liability ratio has exceeded 226%. Many investment firms and analysts have on its business prospects "flashing red light".
F fortescue said in a press statement that day, in the end of June, 2012-2013 fiscal year, the group's iron ore production of 80.9 million tons, from the previous fiscal year rose 41%. Only in the last quarter of iron ore production reached 25 million tons, rose 24%.
Analysts pointed out that the debt-laden forties high using high-interest loans to increase production, their wishful thinking is the international iron ore market will rebound in the short term, so as to expand the company's profit margins and market share, and to get enough money to repay the debt. But this strategy has been questioned because of hidden risks. If the iron ore market failed to rebound, fortescue may expire in 2015 by the huge debt burdens.
Some Australian economists say the forties hill is not don't understand the risk of a bet on, but have no other choice. This "put all your eggs in one basket" type of production may be their last chance to self-salvation.
The fire of the group is located in the center of Solomon mining tailings is put into production. By the end of 2013, the king of mine will complete the construction. At the appointed time, forties high iron ore production is expected to increase to 155 million tons per year.
To ease the pressure, forties mound once want to sell part of its stake in a subsidiary TPI, in order to get more than $3 billion in financing, but have so far failed to do so.
Some industry insiders said the forties hills have been hoping to attract investment from China funds such as the relative abundance of countries, in order to alleviate the pressure of the debt and spread the risk. To this, the director of China steel net "" I consulting Xu Xiangchun advice, Chinese companies have the forties hill before the real value of assets, it is best not to rush to a decision.