Iron ore miners Rio Tinto and Fortescue Metals Group have announced initiatives designed to assist local suppliers, with Rio establishing a dedicated procurement team and FMG shortening payment terms.
Contractor Indigenous Construction Resource Group has suffered two setbacks, with its half-owned joint venture ICRG North expected to go into liquidation owing creditors about $4 million.
Ngarda Civil & Mining, a pioneering indigenous contractor that employed more than 300 people at its peak, is being wound up, though curiously the listed company that owns a 50 per cent stake is still claiming Ngarda is a big employer.
Gumala Aboriginal Corporation executive officer Jahna Cedar has been named the 2017 Business News 40under40 First Amongst Equals, taking the top honour ahead an impressive field of Western Australia’s young business and community leaders.
Employment provider Programmed hopes to increase the number of indigenous employees in the national workforce by 5,000 within a decade, the company said at an announcement with Prime Minister Malcolm Turnbull and Generation One founder Andrew Forrest in Canberra today.
BHP Billiton has extended its partnership with indigenous organisation Kanyirninpa Jukurrpa, following the announcement of a $14.7 million contribution to the Martu Ranger program over the next five years.
Indigenous Construction Resource Group has diversified its business by purchasing consulting group NANA Australia, the local offshoot of a giant Alaskan native corporation.
Initiatives to encourage indigenous entrepreneurship such as accelerators, incubators and a government-backed venture capital fund were part of a suite of policies recommended by KPMG at the recent Indigenous Business, Enterprise and Corporations Conference held at the University of Western Australia.
Western Australia’s largest indigenous contractor has parted ways with chief executive Jeff McGlinn, less than a year after the former NRW Holdings boss was lured out of retirement.
Guildford-based BYAC Contracting has been placed into liquidation after losing a long-running contract at the Murrin Murrin nickel project and failing to establish itself as a training provider.
Indigenous corporations in Western Australia have experienced a fall in average income for the first time in five years, though the state’s largest Aboriginal corporations, listed in the BNiQ Search Engine, have defied the downturn.
A Federal Court ruling that was the first ever assessment of native title compensation in Australia is expected to lead to more claims by Aboriginal groups.
A subsidiary of TFS Corporation and a joint venture between a Melbourne oils producer and a local indigenous business have been shortlisted for wild sandalwood oil processing contracts with the state government.
Western Australia’s largest indigenous contractor has elected a new chairman and confirmed plans to lift both Aboriginal ownership and Aboriginal participation on its board.