Under the venture, contractors – Eastern Guruma and Wirlu-murra Yindjibarndi Aboriginal Corporation (WMYAC) are expected to work together over a five-year term.
The contractors are set to commence the operations in March 2013 at Solomon, which is 60 kilometers north of Tom Price.
"It will also begin a six month earthworks package at the Kings deposit at Solomon starting in mid-2013," stated the company.
Commenting on the developments Fortescue chief executive officer Nev Power remarked that the joint venture is a prospective opportunity for both the contractors to leverage the growing mining industry.
"I’m extremely proud that these two groups, Traditional Owners of the land where the Solomon mine is located, will work together for the greater economic benefit of their communities," added Power.
