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Tuesday, August 16, 2011

Australia’s Federal Court decides in favor of Fortescue on mining leases

August16,2011

Australian miner Fortescue Metals Group Limited (Fortescue) has announced that the Federal Court of Australia has made its final decision regarding the appeal by the Yindjibarndi native title claim group against previous decisions of the Western Australian government to grant mining leases to Fortescue for its Solomon Hub mining operation.

The Federal Court has unanimously dismissed the Yindjibarndi native title claim group's appeal against the previous grant of these mining leases to Fortescue.

According to the company statement, the project at Solomon Hub is continuing both to schedule and budget. The Federal Court decision allows Fortescue to continue with its expansion plan in the Pilbara region of Western Australia. Fortescue has been trying to increase its annual output to 155 million mt per year from 55 million mt per year under these leases.

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