Australia’s Fortescue Bets Big on China for Green Future

Australia’s Fortescue Bets Big on China for Green Future

Fortescue has secured a Chinese yuan-denominated loan of about $2 billion (14.2 billion yuan) as Australia’s energy and metals group is betting on increased collaboration with China in green energy after halting clean energy projects in the U.S. and Australia.    Fortescue’s loan in Chinese yuan with participation from Chinese, Australian, and international lenders, is the first yuan-denominated Syndicated Term Loan of its kind by an Australian …

Fortescue Touts China Ties With 1st-Ever Yuan Loan to an Australian Firm

Australian company Fortescue has secured a 14.2 billion Renminbi (US$2 billion) loan from a range of Chinese, Australian, and other international lenders. Fortescue, formerly known as Fortescue Metals Group, is a publicly traded company majority owned by billionaire mining magnate Andrew Forrest. In a statement, Fortescue said the loan—arranged and funded by the Bank of China and Industrial and Commercial Bank of China—is the first time an Austr…

Australian miner Fortescue lands near $2bn loan to advance decarbonisation

Fortescue Secures $2B Yuan Loan for Green Energy Plans

Fortescue, Australia's top iron ore miner, secures a $1.98 billion yuan-denominated loan to ramp up its decarbonization plans, as the US scales back green energy priorities.

Fortescue secures $2bn syndicated term loan to advance decarbonisation plans

Fortescue has successfully syndicated a Renminbi-denominated (RMB) Syndicated Term Loan Facility of 14.2bn yuan ($2bn).The post Fortescue secures $2bn syndicated term loan to advance decarbonisation plans appeared first on Mining Technology.

Fortescue has taken out a first-kind $3B loan from China. Why, exactly, is a good question

Fortescue (ASX:FMG) shares were up +1.5% on the Friday session down under, and it wasn’t just because iron ore prices continue to hover above US$100/tn on the SGX. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. In this instance, Fortescue has taken a first-of-its-kind A$3B (RMB14.2B) loan from China, in a deal FMG described as a “landmark t…