Rio Tinto Master Services Agreement
These agreements were the result of years of in-depth negotiations between the groups represented by YMAC and the Rio Tinto iron ore group. The final agreements give Rio Tinto the security of its existing and future activities in the areas covered by the five national title claim groups. In 2011, four Pilbara native winners signed full native title contracts with Rio Tinto Eisenerz. In 2012 followed a fifth group, Yinhawangka. We work with our suppliers to manage a complex global supply chain so that our customers, our business and our communities benefit. Our five safety values, teamwork, respect, integrity and excellence, and policies such as how we work and our code of conduct for suppliers help define collaboration with our suppliers. We prefer to buy local products and accept local services. In 2018, we spent $12.3 billion with more than 37,000 suppliers at more than 120 sites. In areas where the skills, goods and standards we need are not available, we invest in developing these capabilities and hence in creating and supporting local economic development.
Wherever we work, we respect and support all internationally recognized human rights, in accordance with the United Nations Universal Declaration of Human Rights. We believe that respect for human rights starts with day-to-day actions and we want to work with partners who meet or exceed our minimum standards and performance expectations, who share our values and understand our commitments. This commitment is reflected in the pre-screening process of our suppliers. Please note that we need to update our policies and instructions from time to time. Strict corporate governance and benefit management structures have been put in place to ensure the proper implementation of the agreements. Since the signing of the agreements, YMAC has assisted the five groups in appointing agents and has created its own companies that meet the requirements of the Office of the Registrar of Indigenous Corporations (ORIC) and the Corporation (Aboriginal and Torres Strait Islander) Act 2006 (CATSI Act). As part of the agreements, national title advocacy groups have concluded a number of economic and non-economic benefits. These include a source of income from mining on their land, training and employment opportunities, access to services contracts for Rio Tinto and support for environmental and heritage activities.