Fast-growing indigenous business Yurra, which boasts annual revenue of about $150 million, has commenced a process to identify a strategic equity partner to join the founding shareholders.
Pilbara contractor Yurra has won a $66 million contract with Rio Tinto adding to a pipeline of work with Main Roads WA, Woodside and its recycling joint venture with Sims.
Business groups in the Pilbara have called for more investment in affordable housing to help their members recruit staff and take advantage of the looming investment boom in the region.
Rio Tinto has signed an updated agreement with the Yindjibarndi Aboriginal Corporation that will result in a substantial increase in compensation payments and commercial opportunities.
Fortescue Metals Group's recent awarding of $179 million in contracts to Aboriginal businesses highlights two different approaches to indigenous development.
Rio Tinto has awarded $110 million in new contracts for its Pilbara operations, with the beneficiaries including indigenous contractor Yurra and global mining services firm FLSmidth.
Indigenous contracting in the Pilbara is getting more competitive, more complicated and arguably more divisive, as players chase a shrinking pool of work.