Fortescue awards $25m contract to Indigenous JV

SRG Global’s Indigenous joint venture has been awarded with a five-year contract to provide maintenance and shutdown services to Fortescue Metals Group.

The $25 million contract was awarded to Bugarrba PJV, a joint venture between members of the Njamal community and SRG Global.

Under the contract, Bugarrba will provide engineered scaffold services to Fortescue’s port operations and facilities in the Pilbara.

That region is also home to 42,000 square kilometres of traditional land of the Njamal community.

Bugarrba board member Terry Wilson said it was an important contract for the Njamal people, who represent 51 per cent of Bugarrba PJV.

“[We] are looking forward to working with SRG and Fortescue to provide many training and employment opportunities for our people and the opportunity to do more for our local communities,” Mr Wilson said.

SRG managing director David Macgeorge said the company looked forward to doing more for Aboriginal employment and community engagement.

Last week, SRG confirmed it had $1 billion in contracted work and a tenders pipeline of $6 billion.

The company expects to deliver a 15 per cent annual increase in underlying earnings (EBITDA) this financial year, from $47.1 million in FY21.

Its shares were up 2.9 per cent at 12:30pm AEDT to trade at 53 cents.