Australias top court dismissed an attraction by Fortescue Metals Group against a landmark ruling on native land legal rights, which may expose the business to hundreds of millions of bucks in settlement claims and set a precedent for any other comparable situations.

The tall Court decision on Friday taken to a conclusion a long-running legal struggle by the Yindjibarndi individuals win recognition for exclusive native subject legal rights to land in Western Australia which FMGs Solomon iron ore my own is located.

The Yindjibarndi Aboriginal Corporation, a group that signifies native people, can now look for compensation for economic loss and religious damage about the my own, that will be expected to consist of iron ore well worth up to A$280bn (US$186bn).

Exclusive local name liberties give you the Yindjibarndi people with legal ownership and control over accessibility and make use of of land.

This ruling sends a powerful, positive message to native individuals, stated Michael Woodley, chief executive of YAC. It suggests that you do not have to be bullied into something because a mining group has more money or influence with federal government.

He said the team would negotiate with FMG but could seek settlement through courts if talks didn't lead to an effective solution.

Fortescue was started by Andrew Forrest, among Australias wealthiest folks and a self-declared recommend for indigenous liberties. The business stated it did not anticipate any material financial influence following ruling.

We continue to be ready to accept negotiating a land accessibility agreement into the good thing about all Yindjibarndi people on similar terms on agreements Fortescue features positioned along with other native title teams, stated Elizabeth Gaines, leader of FMG.

The Yindjibarndi folks, just who inhabit the iron ore-rich Pilbara area, very first lodged their particular claim to indigenous subject legal rights in 2003 and also been battling FMG over land accessibility and royalties since 2007.

The saga has also included courtroom battles against several other events with mining interests, such as the condition of west Australia, Rio Tinto and Gina Rinehart, the countrys richest woman.

FMG lost a national judge attraction a year ago up against the choice to give the Yindjibarndi individuals unique rights for their land.

The fight features divided local communities in Pilbara. FMG had financed a splinter group, the Wirlu-Murra Yindjibarndi Aboriginal Corporation, which broke out of the Yindjibarndi individuals to signal addresses the miner.

The ruling on Friday uses a different conflict recently when miner Rio Tinto blew up an indigenous Australian heritage website dating back 46,000 years. The demolition, which coincided with a national occasion to celebrate native culture, provoked condemnation from aboriginal teams.

Rio Tinto stated in a statement it takes "social heritage and partnerships with conventional owner teams very seriously" therefore proceeded with the blasting after receiving "all required approvals and consents".