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Fortescue Ltd (ASX:FMG)
ALERT: Price-sensitive ASX Announcement for FMG
Current share price for FMG : $16.190 -5.72 (-26.11%)+
Announcement
Release
12 May 2026 5:44PM
Price at Release
$21.910
Full Release
Summary
Fortescue Ltd (ASX: FMG) announced that the Federal Court has ruled in favor of the Yindjibarndi Ngurra Aboriginal Corporation RNTBC regarding a Native Title Compensation Claim. Fortescue is required to pay compensation amounting to approximately A$100,000 for economic loss and A$150 million for cultural loss. The detailed reasons for the court's decision will be published later, upon which Fortescue plans to undertake a review. This information was authorized by the Company's Secretary.
Key Points
- Federal Court decision on Native Title Compensation Claim by Yindjibarndi Ngurra Aboriginal Corporation against Fortescue.
- Fortescue is liable for A$100,000 for economic loss and A$150 million for cultural loss.
- Decision to have the reasons published at a later date.
- Fortescue to review the Federal Court's reasons when available.
- Announcement authorized by Fortescue's Company Secretary.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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