Fortescue Metals Signs joint venture with Wintawari Corporation
- Fortescue Metals (FMG) signs a co-management framework with members of Wintawari Guruma Aboriginal Corporation
- The agreement has been formed for Wintawari to oversee the development of new mines at Fortescue’s Solomon Hub operations
- Both parties will create a culturally safe mining joint venture to mine the East and West Queens deposits on Eastern Guruma country
- The new joint venture is estimated to be worth more than $500M, making the contract the largest awarded to an Aboriginal business by FMG
- Fortescue Chairman, Andrew Forrest said this famework will shape a new direction for Fortescue and the Eastern Guruma People
