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Gumala Aboriginal Corporation chief executive Steve Mav. Photo: Attila Csaszar

Iron ore drop forces Gumala cuts

Western Australia’s largest indigenous corporation has announced it is cutting jobs and assessing its member benefits structure as a result of weak iron ore prices.

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Assets under management or net assets ($m)

16th-CBH Super$231.8m
17th-Clough Superannuation Fund$211.0m
18th-Gumala Aboriginal Corporation$95.4m
19th-3rd Wave Capital$47.5m
20th-Merchant$200.0m
54 fund managers ranked by assets under management or net assets

28th↓Murujuga Aboriginal Corporation$5.8m
29th↓Dambimangari Aboriginal Corporation$5.4m
30th↓Gumala Aboriginal Corporation$4.8m
31st↑MWRC$4.7m
51 indigenous corporations ranked by total revenue - this year

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