Fortescue Metals: Signs joint venture with Wintawari Corporation

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