Market Chatter: Fortescue Appeals Federal Court's AU$150 Million Compensation Award to Yindjibarndi People

MT Newswires Live

4 hours ago

Fortescue (ASX:FMG) appealed a Federal Court decision that awarded AU$150 million in compensation to Aboriginal people in Western Australia after the company built mines on their land without a prior agreement, The Australian reported Wednesday, citing a Fortescue spokesman.

With its own appeal filing on Tuesday, the company joins the Western Australian state government, which is also challenging the ruling with claims that the amount of the award to the Yindjibarndi native people was too high, according to the report.

Fortescue and the Yindjibarndi did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TLTW","symbol_name":"iShares 20+ Year Treasury Bond Buywrite Strategy ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2667672340","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2667672340","pubTimestamp":1789534018,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}