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Fortescue loses appeal on native title judgment over Solomon Hub mine

Australia's Federal Court threw out Fortescue Metals Group Ltd.'s appeal on a 2017 ruling that granted the indigenous Yindjibarndi people exclusive rights to the land occupied by the company's Solomon Hub iron ore mine in Western Australia, The Australian reported Oct. 18.

The 2017 native title ruling enabled a compensation claim against Fortescue, which does not have an indigenous land use agreement with the Yindjibarndi according to the report, after the legal issue started in 2003.

Fortescue is considering options including filing an appeal to the High Court, the newspaper said, citing a statement from CEO Elizabeth Gaines. The company also said the dismissal of the appeal has no major financial impact and does not affect its mining tenure rights and current operations.

According to the company's website, Solomon Hub comprises the Firetail and Kings Valley mines, which have a combined annual production capacity of up to 75 million tonnes.