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Stories from Australia

1,110 stories in this location, newest first.

economy 11h ago Perth

Fortescue Fined $108 Million For Indigenous Compensation

Fortescue Metals Group has been fined $108 million for failing to adequately compensate Indigenous landowners. The company must pay this amount to the Indigenous population. The ruling came after a court found the company had mined land without proper permission.
BBC World Service
economy 11h ago Canberra

Australian Wealth Concentration High

A report indicates that the top 10% of wealthy individuals in Australia hold 90% of the nation's trusts. A portion of Australia's wealth is concentrated among a small group of wealthy individuals. One report indicated that the wealthiest people hold 90% of the trust.
other 12h ago Canberra

Fortescue Fined $108 Million For Indigenous Compensation

Fortescue Metals Group has been fined $108 million for failing to adequately compensate Indigenous Australians. The fine relates to historical land use and compensation agreements. A court ruled that Fortescue caused harm by mining iron ore on Indigenous land without permission. The company has been awarded over 100 million Australian dollars. The company was awarded over $100 million for land use, but this separate fine addresses compensation issues. The ruling stems from a court decision regarding land use and compensation. The penalty relates to land use agreements and the company's operations in Western Australia. This action follows concerns over past practices.
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economy 12h ago Australia

Fortescue Fined $108 Million for Indigenous Compensation

The mining giant Fortescue has been ordered to pay $108 million in compensation to an indigenous group. The ruling stems from a dispute over land and resources.
Mastodon
other 13h ago Canberra

Fortescue Fined $108 Million For Indigenous Compensation

Indigenous Australians have been awarded a record payout under laws recognizing indigenous land rights. The judge cited their deep connection to the land affected by mining operations. The payout is reportedly the largest of its kind.
BBC World Service
other 13h ago Australia

Indigenous Australians Awarded Record Payout

The Yindjibarndi people in north-western Australia have been awarded a record A$150.1 million payout. This follows a court ruling concerning land rights and resource exploitation.
other 13h ago Adelaide

Prince Alfred College Abuse Lawsuit Cleared For Trial

A lawsuit filed by a former student against Prince Alfred College, alleging alcohol-fueled sexual abuse, has been cleared for trial in South Australia. The former student is suing the leading private boys' school.
other 16h ago Australia

Yindjibarndi People Receive $150 Million Compensation

The Yindjibarndi people in Western Australia have been awarded $150 million in compensation. This settlement relates to revenue generated from mining on their traditional lands since 2013.
ABC Radio Sydney
technology 17h ago Adelaide

AI Governance Platform White Circle Raises Seed Funding

White Circle has raised $11 million to assist companies in securing their artificial intelligence systems. The funding aims to bolster AI security measures for businesses. The investment will be used to further develop its AI security solutions and expand its market reach.
Mastodon
other 17h ago Perth

Yindjibarndi People Receive $150 Million Compensation

The Yindjibarndi people in Western Australia have received $150 million in compensation. The NGB Aboriginal Corporation sought over a billion dollars. This settlement resolves native title claims related to mining activities on their land.
ABC NewsRadio AU