Australian company fined $150M for illegal mining on Indigenous land – Intercontinental Cry
icmagazine.org
The Federal Court of Australia has ordered mining giant Fortescue to pay the Yindjibarndi Ngurra Aboriginal Corporation more than A$150 million in compensation

cross-posted from: https://news.abolish.capital/post/48976

The Federal Court of Australia has ordered mining giant Fortescue to pay the Yindjibarndi Ngurra Aboriginal Corporation more than A$150 million in compensation for cultural loss caused by iron ore mining on Yindjibarndi Country in Western Australia’s Pilbara region, in what is being described as the largest native title […]

The Yindjibarndi had originally sought nearly A$1.8 billion in compensation, arguing the amount should reflect both the scale of cultural loss and the immense profits generated from the mine, which reportedly earned Fortescue around A$80 billion since operations began.

  • FrederikNJS@piefed.zipEnglish
    10·
    21 days ago

    It never ceases do amaze me how companies get to keep their ill gotten gains…

    Earning $80 billion and then being fined $150 million is less than 0.2% in fines…

    If I robbed a bank and stole $10,000. I bet I would have to pay all of that back and with a fine and prison sentence on top… Not a less than $2 fine…

  • Almacca@aussie.zone
    3·
    21 days ago

    Getting less than 0.1% of what they sought doesn’t seem like a win to me. And you can’t replace a cultural loss with mere money. What a gyp.