Historic Aboriginal agreement at Fortescue mine
PERTH (miningweekly.com) - Iron-ore miner Fortescue’s Solomon mine has become the site of an historic precedent after two Aboriginal contractors formed a joint venture (JV) to undertake A$200-million worth of mining contracts.
Two Aboriginal contractors, Eastern Guruma and Wirlu-murra Yindjibarndi Aboriginal Corporation (WMYAC), agreed to work together at Solomon to capitalise on growing opportunities in the mining industry and to build their business capability.
Eastern Guruma and WMYAC will work alongside existing contractors at Solomon, including Leighton Contractors.
The JV, which is scheduled to start work in March 2013 and operate over five years, marks one of the first times that two Traditional Owner companies have come together to form a business partnership.
Fortescue CEO Nev Power said on Thursday that there were a significant number of opportunities in the mining industry for Aboriginal people.
“I’m extremely proud that these two groups, Traditional Owners of the land where the Solomon mine is located, will work together for the greater economic benefit of their communities.”
The JV will undertake mining services work in partnership with Leighton Contractors for the five-year term of their mining and operations contract. It would also begin a six-month earthworks package at the Kings deposit at Solomon starting in mid-2013. The earthworks would be completed in partnership with a major mining contractor, which was expected to be awarded in coming months.
The Solomon Hub operations would increase Fortesuce’s output by 60-million tons a year, taking the company’s total production capacity to 155-million tons.
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