2018 marked a number of important milestones in Fortescue's relationship with China as the Company recognised 10 years since the first shipment of iron ore, celebrated the delivery of the one billionth tonne and marked a decade as Diamond Sponsor of the Boao Forum for Asia.
The success and longevity of Fortescue’s association with China is due to the multifaceted nature of the relationship which built on four pillars of engagement: supply, procurement, investment and community engagement.
Fortescue is proud of its contribution to China’s remarkable economic development and its role in supporting the important trade relationship between China and Australia, which has been vital to driving economic growth in both nations.
In 2018, Fortescue marks 15 years since land access negotiations commenced with the Palyku, Kariyarra and Nyiyaparli Native Title claim groups. Fortescue was determined to forge a new approach to Native Title agreements by delivering unprecedented opportunity to Native Title Partners and Pilbara Aboriginal people in the form of training, guaranteed employment, housing and business opportunities.
Seven years ago, we commenced re-negotiating some of the LAA terms with three of its key Native Title Partners, with the purpose of registering the final agreements as an Indigenous Land Use Agreement. The final Agreement was registered with the National Native Title Tribunal on 8 March 2018.
These new agreements provide Fortescue and the Native Title holders with increased certainty and confidence to continue to grow and provide even greater benefits and opportunities to the Kariyarra, Palyku and Nyiyaparli Peoples.