We must always remember that GBG is only responsible for 48% of...

We must always remember that GBG is only responsible for 48% of KML's gigantic debt. After all these years, we are still none the wiser on the real loan terms. I see some people on this forum comparing the 8% interest rate that Fortescue pays on their very large loan. There is no comparison between the two. We have a joint venture with the monolithic Chinese steel company that is backed by the China Bank (which is where much of the loan was sourced from) - in US dollars.

If i had to have a guess, I suspect our interest rates are far more favourable than FMG's terms.