Balyku woman Elsa Derschow never thought in a million years that she would own a brand new grading machine, but Fortescue Metals Group’s Billion Opportunities program has made that a reality.
Derschow runs Brindabella Resources, a plant hire business servicing FMG’s Cloudbreak mine in the Pilbara, alongside four other female Pilbara Traditional Owners.
The business was awarded a three-year contract this year, tipping Fortescue’s Indigenous procurement program, Billion Opportunities, over the $3 billion mark.
Billion Opportunities was established in 2011 with the stretch goal of awarding a billion dollars in contracts to Aboriginal businesses in two years.
Now at the 10th anniversary of the program’s establishment, more than $3 billion has been awarded to Aboriginal businesses and joint ventures. A major barrier to doing business for Aboriginal companies is lack of access to capital.
For the rest of this article: https://nit.com.au/fmg-billion-opportunities-program-thriving-10-years-on/