Fortescue Ltd’s $150 Million Native Title Payout May Not End the Yindjibarndi Fight
Yindjibarndi traditional owners may appeal a Federal Court order requiring Fortescue Ltd to pay A$150 million for cultural loss over its Solomon Hub iron ore mine. The court awarded just A$100,000 for economic loss, drawing criticism from native title advocates. Fortescue shares fell 1.7% Friday amid a broader mining selloff. The company said it will review the court’s reasons once published.