| 'The Australian Diatomaceous Earth Joint Venture is a partnership between IBA, which has a 20 per cent stake and another 20 per cent option, and Australian Diatomaceous Earth Pty Limited.
In 2003-04 the joint-venture concluded negotiations for an Indigenous Land Use Agreement with the Gugu Badhun group, which also has a native-title claim over the tenements. Under the agreement, members of the Indigenous group will be offered employment opportunities as well as ancillary business opportunities such as providing environmental services – seed and nut collection, plant propagation, rehabilitation work. The native-title group will also have an option to buy equity from IBA.'
(Indigenous Business Australia (IBA), 'Australian Diatomaceous Earth Joint Venture': http://www.iba.gov.au/ibainvestments.htm (at 18 October 2005)). |
