Fortescue’s Billion Opportunities program is an initiative that promotes sustainable business opportunities for Aboriginal people by building the capability and capacity of Aboriginal businesses. Since its commencement in 2011, the program has awarded over 300 contracts and subcontracts worth a total value of A$2.7 billion to 120 Aboriginal businesses.
This program forms a critical element of our approach to ensuring economic opportunity and participation through Native Title agreements.
The Billion Opportunities program is complemented by a range of additional practical measures introduced to provide Aboriginal businesses with the tools to build value and sustainability which in turn creates employment and development opportunities.
In 2017, Fortescue partnered with the ANZ Bank to initiate a A$50 million funding scheme to allow eligible Aboriginal businesses to access finance at a competitive rate. Fortescue acts as the guarantor, eliminating the need for the Aboriginal business to provide security. The Aboriginal business owns the assets at the expiry of the contract which gives them the ability to use the assets as security in the future.
We are proud to help Native Title groups build sustainable futures through economic opportunity.Learn more
Our Aboriginal training, professional development and support programs are designed to assist Aboriginal people to gain employment and progress their career with Fortescue.
A range of initiatives are available to assist Aboriginal people to gain employment and achieve their career goals with Fortescue.