Iron ore miner Fortescue has awarded over $1 billion in contracts to indigenous companies in 2013 to date, surpassing its annual target well in advance of the year's end.

Fortescue announced that it had surpassed its annual target for indigenous business deals after inking contracts with six Aboriginal joint ventures owned by the Native Title Groups. The contracts call for the provision of accommodation services in the Pilbara worth a total of around $500 million. The iron ore titan…