Australian court rules against Fortescue in indigenous rights case

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Australia’s top court dismissed an appeal by Fortescue Metals Group against a landmark ruling on indigenous land rights, which could expose the company to hundreds of millions of dollars in compensation claims and set a precedent for other similar cases. The High Court decision on Friday brought to an end a long-running legal battle by the Yindjibarndi people to win recognition for their exclusive native title rights to land in Western Australia on which FMG’s Solomon iron ore mine is located. The Yindjibarndi Aboriginal Corporation, a group that represents indigenous people, can now seek compensation for economic loss and “spiritual harm” related to the mine, which is estimated to contain iron ore worth up to A$280bn (US$186bn).

SOURCE: https://finance.yahoo.com/m/be896fcf-5465-3ac4-8919-2be63418f20e/australian-court-rules.html?.tsrc=rss

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