Fortes­cue con­tract for Abo­rig­i­nal-owned sup­plier

Pilbara News - - News - Sophia Con­stan­tine

A WA Abo­rig­i­nal-owned busi­ness is to ben­e­fit from a re­cent con­tract awarded by Fortes­cue Met­als Group.

Through­out the pe­riod of the three­year con­tract, Red­spear Safety will sup­ply lift­ing and rig­ging equip­ment across all of FMG’s op­er­a­tional sites.

The com­pany will also have the op­por­tu­nity to ap­ply for 14-day pay­ment terms un­der FMG’s new busi­ness ini­tia­tive an­nounced ear­lier this month to ease pres­sure on Abo­rig­i­nal and Pil­bara-based sup­pli­ers.

Since the launch of the com­pany’s Bil­lion Op­por­tu­ni­ties in 2011, 240 con­tracts worth $1.85 bil­lion have been awarded to 103 Abo­rig­i­nal-owned busi­nesses.

Red­spear Safety owner and manag­ing di­rec­tor Barry McGuire said the con­tract had pro­vided the com­pany with the con­fi­dence to com­pete with larger names in lift­ing and rig­ging in Aus­tralia.

“Cash man­age­ment is crit­i­cal to the sus­tain­abil­ity of any small busi­ness, and Fortes­cue’s re­duced pay­ment terms al­lows Red­spear to in­vest more in its busi­ness,” Mr McGuire said.

Fortes­cue chief ex­ec­u­tive Nev Power said the ini­tia­tives pro­vided en­cour­age­ment to small busi­nesses to build ca­pac­ity and of­fer so­lu­tions to cash flow man­age­ment.

“By fa­cil­i­tat­ing strong busi­nesses we are cre­at­ing more jobs and de­vel­op­ment op­por­tu­ni­ties for Abo­rig­i­nal Aus­tralians, which are in turn chang­ing lives and help­ing to build stronger com­mu­ni­ties,” he said.

Pic­ture: Fortes­cue Met­als Group

Back, FMG com­mu­nity de­vel­op­ment man­ager Heath Nel­son, cat­e­gory of­fi­cer fixed plant Chris­tian Gar­ling, Red­spear owner and op­er­a­tions man­ager Liza McGuire, gen­eral man­ager Francois Wit­booi and FMG cat­e­gory man­ager fixed plant Sam Youngs. Front, Red­spear owner and manag­ing di­rec­tor Barry McGuire and FMG op­er­a­tions di­rec­tor Greg Lil­ley­man.

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