Categories: BusinessEconomy

Fortescue sets up new mining pact with Aboriginal group

MELBOURNE, Sept 14 (Reuters) – Fortescue Metals Group (FMG.AX) has reached a deal with the Wintawari Guruma Aboriginal Corporation (WGAC) to oversee development of new mines at its Solomon Hub iron ore operations in Western Australia, the groups said in a statement.

The pact comes as miners revise the way they negotiate with traditional land owners, following Rio Tinto’s (RIO.AX) destruction of culturally and historically important rock shelters last year.

The destruction cost Rio’s chief executive and two senior leaders their jobs, sparked a public furore and a parliamentary inquiry set to deliver its findings next month. Last year, BHP (BHP.AX) set up a new heritage council with the Banjima people.

“Working collaboratively, we will ensure that Eastern Guruma people are active participants in the future development of mines on our country,” Wintawari Chair Glen Camille said in the statement.

The arrangement would enable deeper consultation over protection of culturally significant sites while building a better future for the people, he added.

Formerly at loggerheads, Fortescue and WGAC are to form a co-management joint venture to develop the East and West Queens deposit that is part of the miner’s Solomon hub, which has annual production capacity of 75 million tonnes of iron ore.

It will work on all stages of the mine development.

Fortescue delayed 2019 royalty payments to WGAC after the group missed its timeline for consent, though WGAC told the parliamentary inquiry it had been waiting for more information, as the area had numerous sacred sites. read more

The group was unhappy with how Fortescue preserved another site, as well as its approach. In February, Fortescue apologised to WGAC for clearing land on a heritage site without ensuring elders were present as had been agreed. read more

Mining tenements cover more than 93% of Eastern Guruma country, making it one of the most heavily explored regions in Australia, WGAC has said.

Fortescue runs the large Solomon mine and a rail line on Eastern Guruma country while Rio runs six mines and three rail lines. Both firms are seeking approval for significant expansion, WGAC said. read moreReporting by Melanie Burton; Editing by Clarence Fernandez

Our Standards: The Thomson Reuters Trust Principles.

Source: https://www.reuters.com/world/asia-pacific/fortescue-sets-up-new-mining-pact-with-aboriginal-group-2021-09-14/

World Economic Magazine

Recent Posts

3D Printed Boats Prepare to Rewrite the Future of Marine Manufacturing

After years of material science breakthroughs, a team proved that a rugged, sea-ready composite could…

1 day ago

TAHO Raises 3.5 Million Seed Round to Redefine Compute Infrastructure for the AI Era

TAHO, a Venice-based compute startup founded by ex-Meta and Google engineers, raised $3.5 million in…

3 days ago

Squirrel AI Founder Haoyang Li Spotlights Global Talent Transformation

The 9th Future Investment Initiative in Riyadh spotlighted how AI is rapidly redefining global growth,…

4 days ago

Onward Robotics Names Brendon Bielat Chief Product Officer

Onward Robotics has appointed Brendon Bielat as Chief Product Officer, strengthening its leadership team as…

5 days ago

MOHAMMED BEN SULAYEM RE-ELECTED AS PRESIDENT OF THE FIA

Dubai, UAE, 12th December, 2025: The Fédération Internationale de l’Automobile (FIA), the global governing body for motor sport…

5 days ago

FIA, FORMULA 1 GROUP AND ALL 11 RACE TEAMS OFFICIALLY SIGN NINTH CONCORDE AGREEMENT

FIA President Mohammed Ben Sulayem says new agreement secures the FIA Formula One World Championship’s…

5 days ago