- Write by:
-
Wednesday, September 1, 2021 - 20:03:38
-
400 Visit
-
Print
Mining News Pro - Fortescue Metals Group shareholders will be invited to express support for a stronger Aboriginal say on Western Australia’s new heritage protection laws at a shareholder meeting in October, a resolution filed on Wednesday showed.
The state is reforming laws to protect the heritage of Aboriginal Australians after global miner Rio Tinto Ltd legally destroyed historically and culturally significant rock shelters for an iron ore mine in Western Australia last year.
However, Aboriginal groups have expressed opposition to the reforms, saying they have not been adequately consulted and they don’t meet international standards, given that the government will retain final decision-making authority on new developments.
The resolution, filed by activist investor the Australasian Centre for Corporate Responsibility (ACCR), calls on Fortescue to back a pause in the bill’s development and for the state to enter talks with Aboriginal groups to come up with new rules together.
Fortescue is the world’s fourth-biggest iron ore miner and has extensive operations in Western Australia.
Other clauses to vote on include that the company publicly support free, prior and informed consent and control over heritage decision-making for Aboriginal groups, and that any trade associations it funds advocate the same view.
Fortescue said in a filing that it would include its board’s response and voting recommendations prior to its annual general meeting.
Short Link:
https://www.miningnews.ir/En/News/615464
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer ...
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and ...
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic ...
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic ...
Nippon Steel intends to pursue its proposed acquisition of US Steel and wants its “deep roots” in the United States to ...
Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, ...
Iron ore pellet producer Ferrexpo said a court has prohibited the transfer of ownership and other shares-related ...
No comments have been posted yet ...