Fortescue loses mining tax challenge

High Court unanimously dismisses group's claims over legality of MRRT, shares in iron ore miner slide.

The High Court of Australia has dismissed a challenge by Fortescue Metals (FMG) over the legality of the federal government's minerals resource rent tax.

Investors responded poorly to the verdict. At 1210 AEST, shares in Fortescue were 2.54% lower at $3.83, against a benchmark index fall of 0.97%.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles