Fortescue’s Aboriginal programme hits A$2bn mark – by Simone Liedtke ( – February 18, 2018)

JOHANNESBURG ( – Iron-ore major Fortescue Minerals’ ‘billion opportunities programme’ has reached the A$2-billion-mark, with 250 contracts and sub-contracts having been awarded to 110 Aboriginal businesses and joint ventures in the seven years since its inception.

CEO Nev Power said on Friday that the programme formed a critical element of the company’s approach to ensuring economic opportunity and participation, which were the focus of the native title agreements.

“Through the programme, we have encouraged and assisted the development of capability and capacity of Aboriginal businesses to supply a significant portion of the goods and services we need in our business,” Power added.

He said that this had provided the traditional custodians and other Aboriginal businesses the chance to build sustainable futures for their communities through the provision of genuine economic opportunity.

Traditional Palyku custodian PT Kingkira director Tammy O’Connor added in the same statement that the billion opportunities programme had provided significant benefits for her community through the opportunities for people to get a job and support their families.

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