Not rejected, more like the big boys at the time just did not have the PR skills to talk to the traditional owners.
http://www.theaustralian.com.au/business/pluton-pursues-iron-ore-island-deal-off-western-australia/story-e6frg8zx-1225945867345
Pluton pursues iron ore island deal off Western Australia
TONY Schoer worked on the Kimberley coast's twin iron ore-producing islands of Koolan and Cockatoo.
And while he was there he became convinced he could succeed where his employers had failed: getting the local native title holders on a third, neighbouring island to allow mining there.
He has made a good start.
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