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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 Group$200.0m
54 fund managers ranked by assets under management or net assets

24th↑CMSAC$6.4m
25th↓GLSC$6.1m
26th↑Gumala Aboriginal Corporation$5.9m
27th↓Yawuru Native Title Holders Aboriginal Corporation$5.7m
28th↓Yorgum Aboriginal Corporation$5.2m
51 indigenous corporations ranked by total revenue - this year

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