Fortes­cue set for ti­tle bat­tle

Townsville Bulletin - - NEWS -

FORTES­CUE Met­als is likely to ap­peal a Fed­eral Court de­ci­sion recog­nis­ing a na­tive ti­tle claim over land in Western Aus­tralia where it mines iron ore.

Chief ex­ec­u­tive Nev Power has told ABC Ra­dio that Fortes­cue is con­sid­er­ing its op­tions and is likely to ap­peal.

On Thurs­day, Jus­tice Steven Rares recog­nised that the Yind­jibarndi peo­ple have ex­clu­sive rights over Pil­bara land on which Fortes­cue op­er­ates the Solomon iron ore mine.

Se­nior Yind­jibarndi law­man Michael Wood­ley has vowed to launch a com­pen­sa­tion claim against Fortes­cue.

Fortes­cue Met­als shares were hit on Thurs­day in the wake of the court de­ci­sion and were lower again yes­ter­day as the iron ore price suf­fered a drop.

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