Fortescue’s billionaire founder boss, Andrew Forrest, met Yindjibarndi Aboriginal Corporation leader Michael Woodley in a Perth park to resolve the legal dispute.
Already a subscriber?Fortescue executive chairman Andrew Forrest arranged private talks with Yindjibarndi Aboriginal Corporation boss Michael Woodley in a Perth park as part of attempts to settle aTwo of three meetings between the billionaire iron ore miner and the Indigenous leader occurred at Kings Park at Dr Forrest’s request, despite the pair falling out in a fiery clash in 2011.
“Fortescue has offered compensation to the Yindjibarndi people in the past, and we continue to be ready to settle this by paying compensation.” The Yindjibarndi Aboriginal Corporation is arguing it is entitled to compensation for economic losses estimated by one expert witness at more than $500 million, and more because it alleges Fortescue destroyed more than 240 culturally significant sites – including rock shelters – for which it is also seeking around $500 million.
Fortescue pays capped compensation as part of seven native title agreements with other traditional owner groups.
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