Ngarda Ngarli Yarndu Foundation
The Indigenous community in the Ngarda Ngarli Yarndu region, situated principally in the Pilbara region of Western Australia, has valued the land and its people for centuries.
For over 10 years, the Ngarda Ngarli Yarndu Regional Council (NNYRC) has sought to develop local business skills and experience. In August 2000, the NNYRC established the Ngarda Ngarli Yarndu Foundation (NNYF) as an independent body with a mandate to seek and nuture commercial opportunities that could then channel funds back into the community.
The primary aim of the NNYF is to alleviate poverty among Indigenous people in the region. The Foundation sets about achieving this by creating employment opportunities for the local community and by directing funds back into social and economic areas.
The NNYF seeks to raise funds directly by making commercial investments that deliver long term returns.
The Foundation Committee of Management assesses all business opportunities that are relevant to the area and its people. It determines investments by considering whether they are commercially viable, have a beneficial impact on the Indigenous interest and work within the philosophy of the NNYF.
Most importantly, the businesses must demonstrate Indigenous employment outcomes, particularly by ensuring Indigenous people play a meaningful role in the management and decision making processes.
The Committee regularly meets withinn business and government representatives to source investment and joint venture opportunities.
http://www.nnyf.com.au/
Indigenous Business Australia
Indigenous Business Australia (IBA) takes pride in its record with Indigenous economic development and sees the accumulation of assets and participation in the mainstream economy as one of the significant opportunities for Indigenous people.
IBA was established to assist and enhance Indigenous self-management and economic self-suffficiency. It is also required to advance the commercial and economic interests of Indigenous people by accumulating and using a substantial capital asset for the benefit of Aboriginal and Torres Strait Islander people.
IBA does not receive recurrent funding and is required to act commercially and must meet is functional responsibiilties from the profits derived from its investment activities. Generally, IBA invests directly in business opportunities, usually through joint venture arrangements with expert industry partners. In additional it invests in a range of core assets to underpin its capital base.
To achieve better outcomes for Indigenous people, IBA has developed strategic alliances with experienced and reputable corporate operators who see the unique and commercial advantages in working with or involving Indigenous people in their operations.
http://www.iba.gov.au/
Leighton Contractors
Leighton Contractors Pty Limited is a major operating subsidiary of publicly listed Leighton Holdings Limited – Australia’s largest engineering and construction, property development, and infrastructure services group with 16,000 employees worldwide.Leighton Contractors employs more than 5,000 people across Australia and New Zealand in activities across a spectrum of contract mining, civil construction and infrastructure development services.
With brands including Leighton Mining, HWE Mining, Mayfield, Nextgen and Broad Constructions, it has more than
A$6 billion of work-in-hand.
http://www.leightoncontractors.com.au/