Mining partnerships help contribute to strong Indigenous business sector

Australia’s mining industry has a strong and fundamental relationship with the dynamic Indigenous business sector, contributing to a doubling of business activity over the past decade.

Using new data analysis methods, the Indigenous Business Snapshot Study from the University of Melbourne found parts of the diverse Indigenous business sector contribute at least $4.88 billion to the Australian economy – up from $2.3 billion in 2006.

These businesses were larger, had a higher gross income and provide diverse goods and services. The report shows the success of Indigenous entrepreneurs over time.

Among other findings, the first-of-a-kind research notes ‘the importance of the mining sector in supporting Indigenous business growth over the last 12 years.’

Every day, diverse Indigenous businesses deliver high quality goods and services to mining projects, operations and corporate offices across Australia.

Indigenous businesses are a critical part of the mining supply chain, providing goods and services as varied as construction and earthworks to labour hire, consumables and professional services.

Based on deep engagement with local and national leaders, the minerals industry was among the first sectors to establish specific Indigenous procurement targets, policies and programs.

First Nations landholders and communities are fundamental partners in mining.

The minerals industry is also a significant stakeholder in the economic development of Australia’s First Nations.

Economic partnerships go beyond procurement programs to include tailored employment, training and career development pathways.

Today, Aboriginal and Torres Strait Islander people make up approximately 3.8 per cent of the mining workforce – a higher proportion than any other sector.

The minerals industry is committed to working harder with First Nations landholders and communities, including to increase supply and procurement from Indigenous businesses.

The MCA congratulates the Indigenous Business Research Group on its pioneering research, and looks forward to supporting its future work. The group’s research is integral to deepening understanding of the depth, diversity and contribution of the Indigenous business sector leading practice Indigenous procurement programs.

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