Iron Bridge builds on Fortescue’s Support for Aboriginal Businesse
Fortescue Metals Group continues its longstanding commitment to Aboriginal procurement and delivery of benefits for its Native Title partners, with over A$13
Fortescue Metals Group continues its longstanding commitment to Aboriginal procurement and delivery of benefits for its Native Title partners, with over A$13 million awarded in new contracts as part of the Company’s Iron Bridge Magnetite Project. Two contracts have been awarded to the following Aboriginal businesses under Fortescue’s Billion Opportunities program. Both companies are owned by members of the Njamal Native Title group, who are the Traditional Custodians of the land where Iron Bridge is located.
Jukawalyi Resources Pty Ltd, a 100 per cent Aboriginal-owned business, will provide light vehicles for the Iron Bridge operations. The future sustainability and ongoing success of Jukawalyi will be further supported with Fortescue acting as a guarantor for the purchase of the vehicles, through Fortescue’s guaranteed leasing facility with ANZ.
Yulu Joint Venture, a joint venture company between Njamal Resource Enterprises Pty Ltd and Icon SI (Aust) Pty Ltd, was awarded a contract to complete a portion of the non-mining process infrastructure work, including designing and constructing the main ore processing facility administration building, laboratory building and associated facilities.
Since its inception in 2011, Fortescue’s Billion Opportunities program has awarded over AUD 2.7 billion in contracts and sub-contracts to Aboriginal businesses and joint venture partners.