MELBOURNE, March 26 (Reuters) - Fortescue Metals Group should be able to meet its target to pay off up to $5 billion in debt in calendar 2014 as long as iron ore stays above $70 a tonne, its chief executive told Reuters on Wednesday.
Iron ore prices are currently around $111, and some analysts have forecast that they would drop to around $100 this year due to a glut of new supply from Fortescue and its bigger rivals Rio Tinto
(Reporting by Grace Li; Editing by Jeremy Laurence)
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Keywords: AUSTRALIA FORTESCUE METALS/DEBT