Fortescue Ltd shares are back in positive territory on Wednesday.
Fortescue shares are down about 25% since the start of 2026 and are trading near their 52-week low.
Fortescue paid the amount in July, but the company has now joined the Western Australian Government in appealing parts of the decision.
Underlying net profit after tax increased 3% to US$3.5 billion, and free cash flow rose 25% to US$3.2 billion.
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Fortescue Ltd shares are back in positive territory on Wednesday. Fortescue shares are down about 25% since the start of 2026 and are trading near their 52-week low.
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Fortescue Ltd shares are back in positive territory on Wednesday.
The Fortescue share price is up 0.96% to $16.37 in early afternoon trade after spending the previous four sessions in the red.
Fortescue shares are down about 25% since the start of 2026 and are trading near their 52-week low.
According to The Australian, Fortescue has lodged an appeal against the Federal Court's native title compensation ruling involving the Yindjibarndi people.
The court ordered the miner to pay $150 million for cultural loss, along with compensation for economic loss and interest, relating to mining activities on Yindjibarndi land.
Fortescue paid the amount in July, but the company has now joined the Western Australian Government in appealing parts of the decision.
A Fortescue spokesperson said the company needed to protect its legal position after other parties took the matter back to court.
Underlying net profit after tax increased 3% to US$3.5 billion, and free cash flow rose 25% to US$3.2 billion.
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