FMG 0.48% $18.96 fortescue ltd

News: FMG Aboriginal group says Fortescue withholds royalties on mining leases, page-29

  1. 483 Posts.
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    So write a cheque and make the problem go away? That's not how it works, that's not how FMG have become as successful as they are.

    From pg. 14 of the presentation the CEO gave at Diggers and Dealers....'Detailed processes for the conduct of Aboriginal cultural heritage surveys, consultation, project planning, impact mitigation and negotiation'.

    Note it doesn't say, 'pay and make the problem go away'...that seems to be the RIO approach from what I can gather.
 
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