Fortescue shares surge 17 percent on debt deal

Heavy equipment operates at Fortescue Metals Cloudbreak iron ore mine, about 250km (155 miles) southeast of Port Hedland in Western Australia state in this July 25, 2011 file photo.

SYDNEY (Reuters) - Shares in Australia's Fortescue Metals Group (FMG.AX) surged 17 percent after the world's No.4 iron ore miner said it has lined up $4.5 billion in debt and said firms had expressed interest in partnering in some of its assets.

The shares, which resumed trading after a trading halt, were last up 17.4 percent at A$3.51.

The shares had slumped 14 percent last week on debt worries.

(Reporting by Victoria Thieberger; Editing by John Mair)