Fortescue grabs 42 licences before anyone else knew about them4 Nov 2021 11:44
Interesting read....
I believe Fortescue is after our iron ore deposits and will secure a deal before others get sniffing. Fortescue are quick to act and won't be caught napping as they proved before by getting land parcels before anyone else knew about them?
December 2016 Fortescue mining 4th largest iron ore producer in the world snatches 42 licences from under the noses of the major operators in the Pilbara mining region of Western Australia, BEFORE they were even offered out
https://www.reuters.com/article/us-australia-mining-fortescue-idUSKBN14B0MI
"It is irritating but, thankfully, not yet widespread," said Les Lowe, president of the Amalgamated Prospectors and Leaseholders Association of Western Australia, which represents prospectors and smaller miners.
"If it catches on there will be a problem because we won't be able to compete with those with big exploration budgets."
Reuters first confirmed the use of the tactic in August, after tracking 31 examples of Fortescue obtaining the permits hours or sometimes even just minutes before the public information release.