Fortescue contract for Aboriginal-owned supplier
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.
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.