The Queensland government and Australian mining company Fortescue Metals Group (ASX:FMG) have reached a settlement over public funding provided by the state government for Fortescue's abandoned electrolyser factory in Gladstone.

Courtroom hostilities have come to an end, after the state hoped to claw back public money spent on a failed project in central Queensland.

The Queensland government and Australian mining company Fortescue Metals Group (ASX:FMG) have reached a settlement over public funding provided by the state government for…