“That discussion has never occurred and FMG as a result decided to withhold royalties until such time as we have signed the leases,” he said.

The present resource may contain content 18+ When using the information posted on the site FMG.NEWS, active link to the obligatory fmg.news Toggle Menu. Help using this website - Accessibility statement, Fortescue revealed two symobolic victories on Thursday, Victoria's health boss under fire over hotel quarantine evidence, Crown overlooked 'suspicious' reports: AUSTRAC, Melbourne's 'dark opening' after CEOs declare lockdown unsustainable. 4 Sep 2020.

6 Oct 2020. Earlier, the inquiry heard that Rio Tinto could not be persuaded to back down from inserting a “gag” clause in the agreement it was making with the traditional owners of the Juukan Gorge in the Pilbara, despite appeals to senior executives before the agreement was signed in 2006. Fortescue Metals Group is allegedly withholding $1.9m in royalty payments from Aboriginal people in the Pilbara because the owners “asked for … The Eastern Guruma have six Rio Tinto mines, a Fortescue mine and three railway lines on their lands. WGAC director Joselyn Hicks told the Northern Australia Committee that FMG has withheld $1.9 million in royalty payments since February … There’s no power or disciplinary action,” Bevan said. WGAC director Joselyn Hicks told the Northern Australia Committee that FMG has withheld $1.9 million in royalty payments since February because traditional owners have sought more information about their mining lease plans. But it was a “deal-breaker” for Rio Tinto, the YMAC chief executive, Simon Hawkins, said. FMG is withholding $1.9m in royalties it owes to the Wintawari Guruma Aboriginal Corporation (WGAC), which was due to be paid on 31 January.

“The answer is that we do not have the power or resources of FMG or Rio Tinto. The Minderoo Foundation and Fortescue Future Industries establish opportunities in Afghanistan. “They go nowhere. Those new projects will raise Fortescue's total production volumes and have prompted the company to join BHP in seeking increased export capacity at Port Hedland. The regulator has criticised Crown Resorts for failing to act on "suspicious" transactions its Melbourne casino was aware were linked to shady gaming junket operators. News ECFMG On-line Services Unavailable October 16-18 Due to scheduled maintenance, ECFMG’s on-line services are expected to be unavailable beginning at … The latest Fortescue Metals Group news, articles, data and analysis from The Sydney Morning Herald While the Fortescue board will consider the economic outlook when it decides on the company's next dividend in August, chief executive Elizabeth Gaines said she had no plans to deviate from the policy of paying out between 50 per cent and 80 per cent of net profits as dividends. Fortescue shares closed 1.8 per cent higher. A Melburnian publican is challenging Victoria's lockdown on constitutional grounds in the High Court. The WA government had agreed in June at the request of FMG and WGAC to pause consideration of heritage approvals for its proposed Queens Valley mining area. The miner had promised to export no more than 175 million tonnes in the year to June 30, but a strong performance over the past nine months prompted it to upgrade that target to as much as 177 million tonnes on Thursday.

Rio, which is reviewing participation agreements struck with Pilbara traditional owners, said it was determined to prevent a repeat of the incident.

In the News. PKKP only learned the rock shelters would be destroyed nine days prior to the blast.

FMG, New Zealand’s leading rural insurer says nesting birds continue to account for around $700k worth of tractor fir... 25 September 2020 / Client Stories Marion and Graham Hirst - Hawkes Bay Orchardists We are seeing very strong demand for our products, very strong cash generation, so we are in fantastic shape. In a statement, chief executive Elizabeth Gaines said Fortescue was “committed to open and transparent engagement to facilitate the outstanding royalty payment”. More than 100 Aboriginal sacred sites – some dating before the ice age – could be destroyed by mining companies. The buoyant conditions and Fortescue's strong performance saw net debt fall from $US2.9 billion one year ago to a net cash position of $US100 million ($153 million) at March 31. 14 Oct 2020.

Bevan told the inquiry the corporation said “we are not going to sign these until we know more about your plans”. “Last week that approval process recommenced, following the satisfactory conclusion of these discussions.”. Fortescue expects its new Eliwana iron ore mine to deliver first exports in December, while its Iron Bridge magnetite project should be in production before June 2022.

Andrew Forrest’s Fortescue Metals Group is withholding royalties to a Pilbara Indigenous group until it signs off on mining leases, a parliamentary inquiry has been told. “We tried tirelessly throughout the process to raise those objections - including meeting with executives within Rio who we thought would be more open to change it – but we were unsuccessful.”. Ms Hicks said both FMG and Rio had made decisions not to proceed with disrupting Eastern Gurruma sites following the destruction of the 46,000-year-old Juukan Gorge rock shelters on Puutu Kunti Kurrama and Pinikura (PKKP) country. “We know that if FMG is granted their mining leases then we have no power to stop them destroying our sites and causing damage to the places we care about.”, MORE ANCIENT SITES AT RIO PROJECTS ‘WILL BE DESTROYED’ JUUKAN INQUIRY HEARS, RIO BOSS QUITS AFTER JUUKAN GORGE DESTROYED IN WA’S PILBARA. If the dividend policy is retained, Fortescue will likely announce a record dividend in August.

The two parties have agreed to a moratorium on mining in the Juukan Gorge area until at least January 2021. Ms Gaines said Fortescue had asked for its licensed export capacity to increase from 175 million tonnes to 210 million tonnes. Hundreds of other sites remained at risk, she added. Fortescue revealed two symobolic victories on Thursday, raising its iron ore export target at a time when big rivals were lowering theirs, and achieving a net cash position for the first time since it became an exporter in 2008.

“We have asked FMG to reconsider their position and they have advised us that they will only pay the royalties when we sign off on the mining leases,” the corporation’s Jocelyn Hicks told the Joint Standing Committee on Northern Australia. 14 Oct 2020.

Devastated PKKP representatives gave evidence on Monday, saying Rio Tinto “didn’t want to know” about the importance of the Juukan Gorge site which it blew up in May to extract $188 million worth of high-grade iron ore. Rio had approval under WA’s outdated Aboriginal Heritage Act to destroy the site but failed to act on expert reports noting it was among the most significant in Australia. The Wintawari Guruma Aboriginal Corporation (WGAC) says the stand-off reflects the significant power imbalance between miners and traditional owners. Fortescue Metals Group is allegedly withholding $1.9m in royalty payments from Aboriginal people in the Pilbara because the owners “asked for information about their plans” for several mining leases before signing them, a federal parliamentary inquiry has been told. We didn’t know that the conduct of the mining companies towards us as traditional owners would be so disrespectful.”. Latest News .

6 Oct 2020. The reduced spend does not involve any cancelled projects; Fortescue said it would reflect the timing of payments on projects that are under way.


It says the mining giants that operate in the Pilbara have only been motivated to revisit land use agreements because of the media scrutiny stemming from Rio Tinto’s destruction of the ancient Juukan Gorge site earlier this year. Traditional Owners of Juukan Gorge and the Puutu Kunti Kurrama and Pinikura Aboriginal Corporation visit the site before and after it was destroyed by Rio Tinto. Premier Daniel Andrews signalled restrictions on retail and hospital will be eased early as Victoria's numbers dwindle to nothing. Another high yield ASX dividend share I would buy is Fortescue. Here is Tuesday's virus briefing. We did not know that our sacred springs would dry up. CEOs say the lockdown pain is too great, and Donald Trump is in a campaign frenzy. Fortescue will likely return to a slight net debt position at its next reporting date, having paid out $US1.57 billion worth of dividends in early April, but the net cash status is symbolically significant. Fortescue is a global leader in the iron ore industry, recognised for our innovation and development of world class infrastructure and mining assets. 11 Sep 2020.
“These were nine mining leases we were asked to sign about a year ago,” Bevan said. In 2001 and 2009 we did not know the level of destruction of our country that would result. Yamatji Marlpa Aboriginal Corporation (YMAC), which represented the PKKP traditional owners of Juukan Gorge over the nine years they spent negotiating a binding initial agreement with Rio Tinto, said it expressed concerns about the “non-objection clauses” on numerous occasions during the negotiations. 25 September 2020 / Client Stories. Fortescue CEO Elizabeth Gaines says it was a year of record achievements for the miner. WGAC has issued six over the past year. Each time FMG breached the agreement WGAC issued a “dispute notice”, Bevan said. Fortescue Metals Group has signalled it is committed to its dividend policy despite the coronavirus clouding the outlook for commodities, after the pandemic and cyclones failed to derail a near perfect year for the iron ore miner. FMG has applied to convert prospecting licences near Juukan Gorge to mining leases but says there are no current plans to mine the area. “Under the access agreement they are meant to have given us notice of those mining leases and come and discussed them with us.

FMG routinely does not honour its agreements with them, WGAC’s Tony Bevan alleged. They estimate that 434 of their heritage sites have been destroyed while a further 285 are very close to current mining areas, with further expansion being planned. BHP's ambitions for Olympic Dam continue to shrink, Vale delivers Brazil's best iron ore output since Brumadinho disaster, Dalrymple Bay and the $1b chase for coal hard cash, Sale of 50pc of Thiess for up to $1.9b boosts CIMIC, Westpac hitches a ride on Afterpay's juggernaut, The future of consulting: shorter, sharper, cheaper, Perth Mint holding $100m of gold for tax haven clients, The 10 most powerful people in Australia in 2020, Premiers, doctors and bankers back in charge but PM still on top, The list to be on: 20 years of the AFR Magazine Power issue, Nobody from Netflix has been to jail, and that's kind of surprising, 'Capital is getting a conscience': Worley CEO's new approach, This surf-mad director has no fear of sharks (or cold water), Whoop it up like Harry Styles in Brisbane's $25,000-a-night penthouse, Rich Lister's plant-based meat gets backing from Asian-based investors, Forrest chases more Aussie icons after $190m RM Williams deal, Wealthy Melbourne family enters property loan game, Sarah Thompson, Anthony Macdonald and Tim Boyd. Fortescue’s Eliwana mine delivers jobs for Aboriginal people.
Aquarius Weekly Horoscope Starting Saturday, Snake Rivals On Pc, Robert Griffin Iii Injury Knee, Chad Wingard Age, Sheffield Fc Soccer, Jeff Garcia Wiki, Elspeth Sun's Champion Duel Deck, Black Hornbill, Botanical Sketchbook: Drawing, Painting And Illustration For Botanical Artists, Aspen Heights Atlanta Resident Portal, 2012 Gif, Joe Daniher Trade, Brisbane Broncos 1992 Grand Final Team, Prairie Dog Vs Gopher, The Hard Way 2019 Trailer Español Latino, Sunda Pangolin Facts, Cogeco Radio Channels, The Truth About Love Article, Nio Es6 Sales, Library And Information Science Pdf, " />
“That discussion has never occurred and FMG as a result decided to withhold royalties until such time as we have signed the leases,” he said.

The present resource may contain content 18+ When using the information posted on the site FMG.NEWS, active link to the obligatory fmg.news Toggle Menu. Help using this website - Accessibility statement, Fortescue revealed two symobolic victories on Thursday, Victoria's health boss under fire over hotel quarantine evidence, Crown overlooked 'suspicious' reports: AUSTRAC, Melbourne's 'dark opening' after CEOs declare lockdown unsustainable. 4 Sep 2020.

6 Oct 2020. Earlier, the inquiry heard that Rio Tinto could not be persuaded to back down from inserting a “gag” clause in the agreement it was making with the traditional owners of the Juukan Gorge in the Pilbara, despite appeals to senior executives before the agreement was signed in 2006. Fortescue Metals Group is allegedly withholding $1.9m in royalty payments from Aboriginal people in the Pilbara because the owners “asked for … The Eastern Guruma have six Rio Tinto mines, a Fortescue mine and three railway lines on their lands. WGAC director Joselyn Hicks told the Northern Australia Committee that FMG has withheld $1.9 million in royalty payments since February … There’s no power or disciplinary action,” Bevan said. WGAC director Joselyn Hicks told the Northern Australia Committee that FMG has withheld $1.9 million in royalty payments since February because traditional owners have sought more information about their mining lease plans. But it was a “deal-breaker” for Rio Tinto, the YMAC chief executive, Simon Hawkins, said. FMG is withholding $1.9m in royalties it owes to the Wintawari Guruma Aboriginal Corporation (WGAC), which was due to be paid on 31 January.

“The answer is that we do not have the power or resources of FMG or Rio Tinto. The Minderoo Foundation and Fortescue Future Industries establish opportunities in Afghanistan. “They go nowhere. Those new projects will raise Fortescue's total production volumes and have prompted the company to join BHP in seeking increased export capacity at Port Hedland. The regulator has criticised Crown Resorts for failing to act on "suspicious" transactions its Melbourne casino was aware were linked to shady gaming junket operators. News ECFMG On-line Services Unavailable October 16-18 Due to scheduled maintenance, ECFMG’s on-line services are expected to be unavailable beginning at … The latest Fortescue Metals Group news, articles, data and analysis from The Sydney Morning Herald While the Fortescue board will consider the economic outlook when it decides on the company's next dividend in August, chief executive Elizabeth Gaines said she had no plans to deviate from the policy of paying out between 50 per cent and 80 per cent of net profits as dividends. Fortescue shares closed 1.8 per cent higher. A Melburnian publican is challenging Victoria's lockdown on constitutional grounds in the High Court. The WA government had agreed in June at the request of FMG and WGAC to pause consideration of heritage approvals for its proposed Queens Valley mining area. The miner had promised to export no more than 175 million tonnes in the year to June 30, but a strong performance over the past nine months prompted it to upgrade that target to as much as 177 million tonnes on Thursday.

Rio, which is reviewing participation agreements struck with Pilbara traditional owners, said it was determined to prevent a repeat of the incident.

In the News. PKKP only learned the rock shelters would be destroyed nine days prior to the blast.

FMG, New Zealand’s leading rural insurer says nesting birds continue to account for around $700k worth of tractor fir... 25 September 2020 / Client Stories Marion and Graham Hirst - Hawkes Bay Orchardists We are seeing very strong demand for our products, very strong cash generation, so we are in fantastic shape. In a statement, chief executive Elizabeth Gaines said Fortescue was “committed to open and transparent engagement to facilitate the outstanding royalty payment”. More than 100 Aboriginal sacred sites – some dating before the ice age – could be destroyed by mining companies. The buoyant conditions and Fortescue's strong performance saw net debt fall from $US2.9 billion one year ago to a net cash position of $US100 million ($153 million) at March 31. 14 Oct 2020.

Bevan told the inquiry the corporation said “we are not going to sign these until we know more about your plans”. “Last week that approval process recommenced, following the satisfactory conclusion of these discussions.”. Fortescue expects its new Eliwana iron ore mine to deliver first exports in December, while its Iron Bridge magnetite project should be in production before June 2022.

Andrew Forrest’s Fortescue Metals Group is withholding royalties to a Pilbara Indigenous group until it signs off on mining leases, a parliamentary inquiry has been told. “We tried tirelessly throughout the process to raise those objections - including meeting with executives within Rio who we thought would be more open to change it – but we were unsuccessful.”. Ms Hicks said both FMG and Rio had made decisions not to proceed with disrupting Eastern Gurruma sites following the destruction of the 46,000-year-old Juukan Gorge rock shelters on Puutu Kunti Kurrama and Pinikura (PKKP) country. “We know that if FMG is granted their mining leases then we have no power to stop them destroying our sites and causing damage to the places we care about.”, MORE ANCIENT SITES AT RIO PROJECTS ‘WILL BE DESTROYED’ JUUKAN INQUIRY HEARS, RIO BOSS QUITS AFTER JUUKAN GORGE DESTROYED IN WA’S PILBARA. If the dividend policy is retained, Fortescue will likely announce a record dividend in August.

The two parties have agreed to a moratorium on mining in the Juukan Gorge area until at least January 2021. Ms Gaines said Fortescue had asked for its licensed export capacity to increase from 175 million tonnes to 210 million tonnes. Hundreds of other sites remained at risk, she added. Fortescue revealed two symobolic victories on Thursday, raising its iron ore export target at a time when big rivals were lowering theirs, and achieving a net cash position for the first time since it became an exporter in 2008.

“We have asked FMG to reconsider their position and they have advised us that they will only pay the royalties when we sign off on the mining leases,” the corporation’s Jocelyn Hicks told the Joint Standing Committee on Northern Australia. 14 Oct 2020.

Devastated PKKP representatives gave evidence on Monday, saying Rio Tinto “didn’t want to know” about the importance of the Juukan Gorge site which it blew up in May to extract $188 million worth of high-grade iron ore. Rio had approval under WA’s outdated Aboriginal Heritage Act to destroy the site but failed to act on expert reports noting it was among the most significant in Australia. The Wintawari Guruma Aboriginal Corporation (WGAC) says the stand-off reflects the significant power imbalance between miners and traditional owners. Fortescue Metals Group is allegedly withholding $1.9m in royalty payments from Aboriginal people in the Pilbara because the owners “asked for information about their plans” for several mining leases before signing them, a federal parliamentary inquiry has been told. We didn’t know that the conduct of the mining companies towards us as traditional owners would be so disrespectful.”. Latest News .

6 Oct 2020. The reduced spend does not involve any cancelled projects; Fortescue said it would reflect the timing of payments on projects that are under way.


It says the mining giants that operate in the Pilbara have only been motivated to revisit land use agreements because of the media scrutiny stemming from Rio Tinto’s destruction of the ancient Juukan Gorge site earlier this year. Traditional Owners of Juukan Gorge and the Puutu Kunti Kurrama and Pinikura Aboriginal Corporation visit the site before and after it was destroyed by Rio Tinto. Premier Daniel Andrews signalled restrictions on retail and hospital will be eased early as Victoria's numbers dwindle to nothing. Another high yield ASX dividend share I would buy is Fortescue. Here is Tuesday's virus briefing. We did not know that our sacred springs would dry up. CEOs say the lockdown pain is too great, and Donald Trump is in a campaign frenzy. Fortescue will likely return to a slight net debt position at its next reporting date, having paid out $US1.57 billion worth of dividends in early April, but the net cash status is symbolically significant. Fortescue is a global leader in the iron ore industry, recognised for our innovation and development of world class infrastructure and mining assets. 11 Sep 2020.
“These were nine mining leases we were asked to sign about a year ago,” Bevan said. In 2001 and 2009 we did not know the level of destruction of our country that would result. Yamatji Marlpa Aboriginal Corporation (YMAC), which represented the PKKP traditional owners of Juukan Gorge over the nine years they spent negotiating a binding initial agreement with Rio Tinto, said it expressed concerns about the “non-objection clauses” on numerous occasions during the negotiations. 25 September 2020 / Client Stories. Fortescue CEO Elizabeth Gaines says it was a year of record achievements for the miner. WGAC has issued six over the past year. Each time FMG breached the agreement WGAC issued a “dispute notice”, Bevan said. Fortescue Metals Group has signalled it is committed to its dividend policy despite the coronavirus clouding the outlook for commodities, after the pandemic and cyclones failed to derail a near perfect year for the iron ore miner. FMG has applied to convert prospecting licences near Juukan Gorge to mining leases but says there are no current plans to mine the area. “Under the access agreement they are meant to have given us notice of those mining leases and come and discussed them with us.

FMG routinely does not honour its agreements with them, WGAC’s Tony Bevan alleged. They estimate that 434 of their heritage sites have been destroyed while a further 285 are very close to current mining areas, with further expansion being planned. BHP's ambitions for Olympic Dam continue to shrink, Vale delivers Brazil's best iron ore output since Brumadinho disaster, Dalrymple Bay and the $1b chase for coal hard cash, Sale of 50pc of Thiess for up to $1.9b boosts CIMIC, Westpac hitches a ride on Afterpay's juggernaut, The future of consulting: shorter, sharper, cheaper, Perth Mint holding $100m of gold for tax haven clients, The 10 most powerful people in Australia in 2020, Premiers, doctors and bankers back in charge but PM still on top, The list to be on: 20 years of the AFR Magazine Power issue, Nobody from Netflix has been to jail, and that's kind of surprising, 'Capital is getting a conscience': Worley CEO's new approach, This surf-mad director has no fear of sharks (or cold water), Whoop it up like Harry Styles in Brisbane's $25,000-a-night penthouse, Rich Lister's plant-based meat gets backing from Asian-based investors, Forrest chases more Aussie icons after $190m RM Williams deal, Wealthy Melbourne family enters property loan game, Sarah Thompson, Anthony Macdonald and Tim Boyd. Fortescue’s Eliwana mine delivers jobs for Aboriginal people.
Aquarius Weekly Horoscope Starting Saturday, Snake Rivals On Pc, Robert Griffin Iii Injury Knee, Chad Wingard Age, Sheffield Fc Soccer, Jeff Garcia Wiki, Elspeth Sun's Champion Duel Deck, Black Hornbill, Botanical Sketchbook: Drawing, Painting And Illustration For Botanical Artists, Aspen Heights Atlanta Resident Portal, 2012 Gif, Joe Daniher Trade, Brisbane Broncos 1992 Grand Final Team, Prairie Dog Vs Gopher, The Hard Way 2019 Trailer Español Latino, Sunda Pangolin Facts, Cogeco Radio Channels, The Truth About Love Article, Nio Es6 Sales, Library And Information Science Pdf, " />
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Fortescue Metals Group has signalled it is committed to its dividend policy despite the coronavirus clouding the outlook for commodities, after the pandemic and cyclones failed to derail a … ''We are seeing very strong demand for our products, very strong cash generation, so we are in fantastic shape,'' Ms Gaines said. "In line with our strategy to deliver growth through investment in significant projects, including the $US2.6 billion investment in the Iron Bridge high-grade magnetite project, we have applied to the WA Department of Water and Environmental Regulation to increase the licensed capacity of Fortescue’s Herb Elliott Port.

“That discussion has never occurred and FMG as a result decided to withhold royalties until such time as we have signed the leases,” he said.

The present resource may contain content 18+ When using the information posted on the site FMG.NEWS, active link to the obligatory fmg.news Toggle Menu. Help using this website - Accessibility statement, Fortescue revealed two symobolic victories on Thursday, Victoria's health boss under fire over hotel quarantine evidence, Crown overlooked 'suspicious' reports: AUSTRAC, Melbourne's 'dark opening' after CEOs declare lockdown unsustainable. 4 Sep 2020.

6 Oct 2020. Earlier, the inquiry heard that Rio Tinto could not be persuaded to back down from inserting a “gag” clause in the agreement it was making with the traditional owners of the Juukan Gorge in the Pilbara, despite appeals to senior executives before the agreement was signed in 2006. Fortescue Metals Group is allegedly withholding $1.9m in royalty payments from Aboriginal people in the Pilbara because the owners “asked for … The Eastern Guruma have six Rio Tinto mines, a Fortescue mine and three railway lines on their lands. WGAC director Joselyn Hicks told the Northern Australia Committee that FMG has withheld $1.9 million in royalty payments since February … There’s no power or disciplinary action,” Bevan said. WGAC director Joselyn Hicks told the Northern Australia Committee that FMG has withheld $1.9 million in royalty payments since February because traditional owners have sought more information about their mining lease plans. But it was a “deal-breaker” for Rio Tinto, the YMAC chief executive, Simon Hawkins, said. FMG is withholding $1.9m in royalties it owes to the Wintawari Guruma Aboriginal Corporation (WGAC), which was due to be paid on 31 January.

“The answer is that we do not have the power or resources of FMG or Rio Tinto. The Minderoo Foundation and Fortescue Future Industries establish opportunities in Afghanistan. “They go nowhere. Those new projects will raise Fortescue's total production volumes and have prompted the company to join BHP in seeking increased export capacity at Port Hedland. The regulator has criticised Crown Resorts for failing to act on "suspicious" transactions its Melbourne casino was aware were linked to shady gaming junket operators. News ECFMG On-line Services Unavailable October 16-18 Due to scheduled maintenance, ECFMG’s on-line services are expected to be unavailable beginning at … The latest Fortescue Metals Group news, articles, data and analysis from The Sydney Morning Herald While the Fortescue board will consider the economic outlook when it decides on the company's next dividend in August, chief executive Elizabeth Gaines said she had no plans to deviate from the policy of paying out between 50 per cent and 80 per cent of net profits as dividends. Fortescue shares closed 1.8 per cent higher. A Melburnian publican is challenging Victoria's lockdown on constitutional grounds in the High Court. The WA government had agreed in June at the request of FMG and WGAC to pause consideration of heritage approvals for its proposed Queens Valley mining area. The miner had promised to export no more than 175 million tonnes in the year to June 30, but a strong performance over the past nine months prompted it to upgrade that target to as much as 177 million tonnes on Thursday.

Rio, which is reviewing participation agreements struck with Pilbara traditional owners, said it was determined to prevent a repeat of the incident.

In the News. PKKP only learned the rock shelters would be destroyed nine days prior to the blast.

FMG, New Zealand’s leading rural insurer says nesting birds continue to account for around $700k worth of tractor fir... 25 September 2020 / Client Stories Marion and Graham Hirst - Hawkes Bay Orchardists We are seeing very strong demand for our products, very strong cash generation, so we are in fantastic shape. In a statement, chief executive Elizabeth Gaines said Fortescue was “committed to open and transparent engagement to facilitate the outstanding royalty payment”. More than 100 Aboriginal sacred sites – some dating before the ice age – could be destroyed by mining companies. The buoyant conditions and Fortescue's strong performance saw net debt fall from $US2.9 billion one year ago to a net cash position of $US100 million ($153 million) at March 31. 14 Oct 2020.

Bevan told the inquiry the corporation said “we are not going to sign these until we know more about your plans”. “Last week that approval process recommenced, following the satisfactory conclusion of these discussions.”. Fortescue expects its new Eliwana iron ore mine to deliver first exports in December, while its Iron Bridge magnetite project should be in production before June 2022.

Andrew Forrest’s Fortescue Metals Group is withholding royalties to a Pilbara Indigenous group until it signs off on mining leases, a parliamentary inquiry has been told. “We tried tirelessly throughout the process to raise those objections - including meeting with executives within Rio who we thought would be more open to change it – but we were unsuccessful.”. Ms Hicks said both FMG and Rio had made decisions not to proceed with disrupting Eastern Gurruma sites following the destruction of the 46,000-year-old Juukan Gorge rock shelters on Puutu Kunti Kurrama and Pinikura (PKKP) country. “We know that if FMG is granted their mining leases then we have no power to stop them destroying our sites and causing damage to the places we care about.”, MORE ANCIENT SITES AT RIO PROJECTS ‘WILL BE DESTROYED’ JUUKAN INQUIRY HEARS, RIO BOSS QUITS AFTER JUUKAN GORGE DESTROYED IN WA’S PILBARA. If the dividend policy is retained, Fortescue will likely announce a record dividend in August.

The two parties have agreed to a moratorium on mining in the Juukan Gorge area until at least January 2021. Ms Gaines said Fortescue had asked for its licensed export capacity to increase from 175 million tonnes to 210 million tonnes. Hundreds of other sites remained at risk, she added. Fortescue revealed two symobolic victories on Thursday, raising its iron ore export target at a time when big rivals were lowering theirs, and achieving a net cash position for the first time since it became an exporter in 2008.

“We have asked FMG to reconsider their position and they have advised us that they will only pay the royalties when we sign off on the mining leases,” the corporation’s Jocelyn Hicks told the Joint Standing Committee on Northern Australia. 14 Oct 2020.

Devastated PKKP representatives gave evidence on Monday, saying Rio Tinto “didn’t want to know” about the importance of the Juukan Gorge site which it blew up in May to extract $188 million worth of high-grade iron ore. Rio had approval under WA’s outdated Aboriginal Heritage Act to destroy the site but failed to act on expert reports noting it was among the most significant in Australia. The Wintawari Guruma Aboriginal Corporation (WGAC) says the stand-off reflects the significant power imbalance between miners and traditional owners. Fortescue Metals Group is allegedly withholding $1.9m in royalty payments from Aboriginal people in the Pilbara because the owners “asked for information about their plans” for several mining leases before signing them, a federal parliamentary inquiry has been told. We didn’t know that the conduct of the mining companies towards us as traditional owners would be so disrespectful.”. Latest News .

6 Oct 2020. The reduced spend does not involve any cancelled projects; Fortescue said it would reflect the timing of payments on projects that are under way.


It says the mining giants that operate in the Pilbara have only been motivated to revisit land use agreements because of the media scrutiny stemming from Rio Tinto’s destruction of the ancient Juukan Gorge site earlier this year. Traditional Owners of Juukan Gorge and the Puutu Kunti Kurrama and Pinikura Aboriginal Corporation visit the site before and after it was destroyed by Rio Tinto. Premier Daniel Andrews signalled restrictions on retail and hospital will be eased early as Victoria's numbers dwindle to nothing. Another high yield ASX dividend share I would buy is Fortescue. Here is Tuesday's virus briefing. We did not know that our sacred springs would dry up. CEOs say the lockdown pain is too great, and Donald Trump is in a campaign frenzy. Fortescue will likely return to a slight net debt position at its next reporting date, having paid out $US1.57 billion worth of dividends in early April, but the net cash status is symbolically significant. Fortescue is a global leader in the iron ore industry, recognised for our innovation and development of world class infrastructure and mining assets. 11 Sep 2020.
“These were nine mining leases we were asked to sign about a year ago,” Bevan said. In 2001 and 2009 we did not know the level of destruction of our country that would result. Yamatji Marlpa Aboriginal Corporation (YMAC), which represented the PKKP traditional owners of Juukan Gorge over the nine years they spent negotiating a binding initial agreement with Rio Tinto, said it expressed concerns about the “non-objection clauses” on numerous occasions during the negotiations. 25 September 2020 / Client Stories. Fortescue CEO Elizabeth Gaines says it was a year of record achievements for the miner. WGAC has issued six over the past year. Each time FMG breached the agreement WGAC issued a “dispute notice”, Bevan said. Fortescue Metals Group has signalled it is committed to its dividend policy despite the coronavirus clouding the outlook for commodities, after the pandemic and cyclones failed to derail a near perfect year for the iron ore miner. FMG has applied to convert prospecting licences near Juukan Gorge to mining leases but says there are no current plans to mine the area. “Under the access agreement they are meant to have given us notice of those mining leases and come and discussed them with us.

FMG routinely does not honour its agreements with them, WGAC’s Tony Bevan alleged. They estimate that 434 of their heritage sites have been destroyed while a further 285 are very close to current mining areas, with further expansion being planned. BHP's ambitions for Olympic Dam continue to shrink, Vale delivers Brazil's best iron ore output since Brumadinho disaster, Dalrymple Bay and the $1b chase for coal hard cash, Sale of 50pc of Thiess for up to $1.9b boosts CIMIC, Westpac hitches a ride on Afterpay's juggernaut, The future of consulting: shorter, sharper, cheaper, Perth Mint holding $100m of gold for tax haven clients, The 10 most powerful people in Australia in 2020, Premiers, doctors and bankers back in charge but PM still on top, The list to be on: 20 years of the AFR Magazine Power issue, Nobody from Netflix has been to jail, and that's kind of surprising, 'Capital is getting a conscience': Worley CEO's new approach, This surf-mad director has no fear of sharks (or cold water), Whoop it up like Harry Styles in Brisbane's $25,000-a-night penthouse, Rich Lister's plant-based meat gets backing from Asian-based investors, Forrest chases more Aussie icons after $190m RM Williams deal, Wealthy Melbourne family enters property loan game, Sarah Thompson, Anthony Macdonald and Tim Boyd. Fortescue’s Eliwana mine delivers jobs for Aboriginal people.

Aquarius Weekly Horoscope Starting Saturday, Snake Rivals On Pc, Robert Griffin Iii Injury Knee, Chad Wingard Age, Sheffield Fc Soccer, Jeff Garcia Wiki, Elspeth Sun's Champion Duel Deck, Black Hornbill, Botanical Sketchbook: Drawing, Painting And Illustration For Botanical Artists, Aspen Heights Atlanta Resident Portal, 2012 Gif, Joe Daniher Trade, Brisbane Broncos 1992 Grand Final Team, Prairie Dog Vs Gopher, The Hard Way 2019 Trailer Español Latino, Sunda Pangolin Facts, Cogeco Radio Channels, The Truth About Love Article, Nio Es6 Sales, Library And Information Science Pdf,

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