FMG Resources (August 2006) Pty Ltd is a wholly owned subsidiary of Fortescue Metals Group Ltd. Fortescue Metals Group Ltd (FMG) is an ASX listed iron ore production and exploration company based in Perth. Fortescue has become Australia’s third largest iron ore producer and exporter, with the bulk of its exports going to China. Fortescue has over 15 billion tonnes of iron ore resources, including over 2 billion tonnes of reserves. The exploration region is a span of 85,000 square km in the Pilbara region of Western Australia.
The FMG Resources (August 2006) Pty Ltd USD 6.00% 1 April 2017 senior unsecured notes suit investors seeking high return/high income US dollar bonds and comfortable with sub investment grade securities and exposure to the mining sector. With a maturity date in about two years and the possibility of an early call, this suits investors who are seeking a short dated exposure.
Director – Infrastructure and Fixed Income Research.
Alen joined FIIG Securities in May 2014 and is responsible for covering the infrastructure/PPP, resources, airlines and property sectors.