First Iron project in WA secures funding

Australian Aboriginal Mining Corporation (AAMC) has secured enough funding to go ahead with their project First Iron, Australia’s first Aboriginal owned and operated iron ore mine.

National Indigenous Times is reporting that after investments from corporate heavyweights Westpac Banking Corporation and the Federal Government’s Northern Australia Infrastructure Facility (NAIF), AAMC has secured a $27.1 million total of debt funding.

The project will create over 120 new jobs throughout construction and support 120 permanent jobs during the mine’s operations.

First Iron will operate the former Wonmunna mine, located in the Pilbara region approximately 80 kilometres northwest of Newman.

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