FMG 0.93% $22.41 fortescue ltd

The way I read the article - there are 3 important points:both...

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    The way I read the article - there are 3 important points:

    both parties are subject to a land access agreement
    WGAC have declined to sign land access deeds
    FMG have declined to pay royalties under the land access agreement

    Basically - because one condition (access) has not been met, another condition (payment of royalties) has not been met.

    It's perfectly legitimate (not sure of the legalities - but I'll assume a 'their land, their choice' viewpoint) for WGAC to block access. However they can't then claim payment for the provision of access. That is fee for no service, and we all know how that is viewed!
 
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