“I recently read a report that said Aboriginal-owned businesses are a hundred times more likely to employ Aboriginal people. So instead of simply providing jobs for Aboriginal people, it’s great companies such as Rio Tinto encourage and support Aboriginal people to create their own businesses.”
Natalie says Pindari’s relationship with Rio Tinto has been a key driver in their growth.
“Our long-term contracts with Rio Tinto have provided us with the stability we need to operate out of regional Western Australia and provide opportunities for local Aboriginal people,” she says.
Dave and Natalie have welcomed Rio Tinto’s reduction of its payment term to Australian suppliers to 30 days net.
Under the arrangement, Rio Tinto pays businesses with spend under A$1 million within 30 days of receipt of a correct invoice, a change that has benefitted more than 5,500 suppliers.
“Cash flow is important for a business of our size so Rio Tinto’s 30 day payment term gives us peace of mind and the confidence to keep growing the business,” says Dave.
Rio Tinto Iron Ore chief executive Chris Salisbury says the company is committed to partnering with local suppliers, particularly Aboriginal businesses.
“Pilbara Aboriginal businesses are an important part of our community and we are happy to see them bid effectively and successfully for work with Rio Tinto,” says Chris.