The Yindjibarndi people of WA’s Pilbara region are seeking $500 million from Andrew Forrest’s Fortescue for mining the land they have exclusive native title over without their agreement,the Federal Court has heard.
Fifteen years since negotiations started,the final stage of the Yindjibarndi People’s fight with Andrew Forrest’s Fortescue begins in the small Pilbara town of Roebourne on Monday.
The separation of the wealthiest couple in Australia,Andrew and Nicola Forrest,has focused attention on the division and control of shares in mining juggernaut Fortescue,Australia’s 10th-biggest company.
Andrew Forrest’s Fortescue wants to do a deal with the traditional owners of a large part of the area mined by it in the Pilbara.
Marriage trouble makes them kindred spirits of sorts,but Mike Cannon-Brookes and Andrew Forrest are anything but friends.
Mining magnate Andrew “Twiggy” Forrest’s Fortescue Future Industries has made its first investment in America.
Pilbara native title holders’ new partnership promises quick construction of badly needed wind and solar farms to help iron ore producers meet their promises.
The divorce may be every bit as painful,but things are different when billionaire marriages go bust.
Nicola Forrest appears to have control over a larger stake in Fortescue than her husband,making their separation a shareholder issue.
The mining giant says the marital split between its biggest shareholders will not change control or the direction of the company.
Traditional owners whose 46,000-year-old rock shelters were destroyed by Rio Tinto have signed an agreement that paves the way for the joint management of mines.