We've been living with native title for a long time now.
In terms of other costs that the mining industry bears for doing business (primarily state government royalties) the cost of native title is completely irrelevant. It certainly is for FMG. Which is exactly the point that their market announcement made yesterday.
If any project or operation was to founder on the basis of native title payments that it clearly was a poor business. I've never see that happen.
So I think your point about mining failing on greed is overplayed.
Separate point but I disagree on the "unprecedented scale" that FMG has achieved in indigenous employment as well. The likes of Rio have had long-running indigenous programs that pre-date the formation of FMG, but BHP and RIO are much quieter on announcing what they do with their work-forces and their local communities (which are considerable given the Pilbara initially was established as townships not FIFO)
FMG Price at posting:
$5.06 Sentiment: Sell Disclosure: Held
(20min delay)