Metals
Gold$4,455.86+3.08%|
Silver$66.73+4.06%|
Platinum$1,804.71+3.95%|
Palladium$1,369.42+4.71%|
Gold$4,455.86+3.08%|
Silver$66.73+4.06%|
Platinum$1,804.71+3.95%|
Palladium$1,369.42+4.71%|
Latest News
Greenland-focused rare earths developer Eclipse proceeds with more advanced testwork|Sonoro makes two key VP appointments for Mexican exploration excellence|Schroders turns bullish on gold as debt, inflation and currency risks outweigh elevated real yields|Dutch central bank moves 86 tonnes of gold from U.S., Canada to London|Strategic Minerals confirms definitive sale terms for Leigh Creek copper mine|Canadian gold developer Amex officially starts underground development at Perron|Goldman Sachs sees gold price at $4,900/oz by year-end, but investors hedging through gold derivatives could drive it even higher|Paramount secures plan of operations approval for Grassy Mountain gold project|Coinbase launches GOLD-PERP and SILVER-PERP futures offering 24/7/365 metals trading and price discovery with 25x leverage|Arizona Gold & Silver Reports Multiple High-Grade Intercepts Including 3.35m of 15.07 gpt Gold and 19.6 gpt Silver – Expands High-Grade Philadelphia Zone|Greenland-focused rare earths developer Eclipse proceeds with more advanced testwork|Sonoro makes two key VP appointments for Mexican exploration excellence|Schroders turns bullish on gold as debt, inflation and currency risks outweigh elevated real yields|Dutch central bank moves 86 tonnes of gold from U.S., Canada to London|Strategic Minerals confirms definitive sale terms for Leigh Creek copper mine|Canadian gold developer Amex officially starts underground development at Perron|Goldman Sachs sees gold price at $4,900/oz by year-end, but investors hedging through gold derivatives could drive it even higher|Paramount secures plan of operations approval for Grassy Mountain gold project|Coinbase launches GOLD-PERP and SILVER-PERP futures offering 24/7/365 metals trading and price discovery with 25x leverage|Arizona Gold & Silver Reports Multiple High-Grade Intercepts Including 3.35m of 15.07 gpt Gold and 19.6 gpt Silver – Expands High-Grade Philadelphia Zone|
Back to News
Latest News

Australian Indigenous group appeals Fortescue mining compensation ruling, seeks $1.3bn

Australian Indigenous group appeals Fortescue mining compensation ruling, seeks $1.3bn
26 August 20265 Mins read

MELBOURNE - Australia's Yindjibarndi Indigenous group said on Wednesday it had lodged an appeal with the federal court over the amount of compensation awarded against Fortescue for mining on their lands without an agreement since 2012.

The Yindjibarndi people brought a claim against the miner and the Western Australian state government for A$1-billion ($718-million) in cultural loss and in excess of A$800-million in economic loss, arguing ​it should be paid a share of the profits from the mine.


An Australian court in May ordered Fortescue, the world's fourth-biggest iron-ore miner, to pay A$150-million in compensation to the group for cultural losses caused by mining. It also awarded A$136 757 for economic losses, and A$217 152 in compound interest on the economic loss amount.

The decision marked one of the largest ever payouts in Australia's history brought under native title laws recognising Indigenous rights and interests in certain parcels of land.


On Wednesday, the Western Australia Attorney General Tony Buti said the state government had also filed an appeal of the decision.

“Native title compensation is a complex and emerging area, and it is important that we have clarity on the law to support future negotiations and native title settlements across the State," he said in a statement.

Australia is the world's largest iron-ore producer, most of which comes from Western Australia's Pilbara region which is the traditional home of dozens of Indigenous groups. Miners have been updating their agreements with these groups since Rio Tinto destroyed two culturally significant rock shelters at Juukan Gorge in 2020, triggering a reckoning about cultural heritage damage and compensation.

Yindjibarndi Ngurra Aboriginal Corporation (YNAC) CEO Michael Woodley said YNAC’s appeal related to the amounts awarded by the court for both economic and cultural loss.

The group argues the court should have tied its compensation to typical royalty payments under Pilbara native title agreements. Instead, it assessed economic loss based on the value of the land, but disregarded any value for the iron-ore deposits.

It also argues that it is entitled to compensation for social division in its community caused by the mine.

In its full judgment, the Federal Court found that significant damage had been done to Yindjibarndi song lines and other areas of cultural heritage, including 240 sites designated by Fortescue as heritage places, of which 124 had been completely destroyed. Song lines are routes of cultural significance across the country.

The court noted that this damage was legal and approved through government processes, but without the approval of YNAC, which holds exclusive native title rights over the land.

Fortescue has continued to mine on Yindjibarndi native title land since 2012 without an Indigenous Land Use Agreement or any other agreement with YNAC, the group said.

Fortescue declined to comment but has previously said it sought to reach settlement with YNAC for 15 years and has paid the awarded sum. 

Our Trusted Brands

Arras Minerals
Afrikor
Arizona Gold & Silver
Astra Exploration
Aurion Resources
Bluenergies
Bactech
Digipower X
Gold Hunter Resources
Golkor
Guanajuato
Harfang
He Capital
Kodiak Copper
Leviathan
Loyalist
Mining Investment Event
Noble Plains
Pan Global
Power Metallic
SilverWolf
Spacekor
US Gold
USDC
Vivio Power
West Red Lake
Arras Minerals
Afrikor
Arizona Gold & Silver
Astra Exploration
Aurion Resources
Bluenergies
Bactech
Digipower X
Gold Hunter Resources
Golkor
Guanajuato
Harfang
He Capital
Kodiak Copper
Leviathan
Loyalist
Mining Investment Event
Noble Plains
Pan Global
Power Metallic
SilverWolf
Spacekor
US Gold
USDC
Vivio Power
West Red Lake

News & Updates

Subscribe to Our Latest News & Updates