Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

Fortescue Metals Group Announces Co-management Framework with Eastern Guruma People

16 Sep 2021  |  09:32:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Co-management Framework with Eastern Guruma People

Fortescue Metals Group announced that the Company and members of Wintawari Guruma Aboriginal (Wintawari), the prescribed body corporate for the Eastern Guruma People, have established a co-management framework to oversee the development of new mines at its Solomon Hub operations. Under the innovative framework, both parties will establish a culturally safe mining JV to mine the East and West Queens deposits on Eastern Guruma country. The 10-year mining services contract to be awarded to the new JV is estimated to be worth over A$500m, making the contract the largest ever awarded to an Aboriginal business by the Company.

Please click here for full details

See more ASX300 News Announcements