Fortescue Shares Face Test After A$150 Million Court Loss
Fortescue shares closed Friday at A$22.60, down 1.7% for the day but up 6.3% for the week, as traders weigh a Federal Court order to pay the Yindjibarndi Ngurra Aboriginal Corporation A$150 million for cultural loss. The S&P/ASX 200 fell 0.12% Friday, with major miners also dropping. Fortescue shipped 48.4 million tonnes of iron ore in Q3 and maintained full-year guidance.