1. Enhance the professional reputation of the Company
2. Treat people with respect, courtesy and without harassment
3. Behave honestly and act with integrity, care and diligence
4. Comply with applicable laws
5. Maintain Company confidentiality and protect personal privacy
6. Use Company resources properly and appropriately
7. Disclose, and where possible avoid, actual or potential conflicts of interest
8. Do not provide false or misleading information
9. Do not use insider information or your influence improperly
10. Comply with reasonable and lawful direction

In the interests of developing a successful organisation with the appropriate values for sustained growth, for the benefit of shareholders, employees and other stakeholders, all personnel should aspire to the following Company Values:

We Value:

1. High ethical and professional standards
2. Personal accountability for results and performance
3. Frank, honest, comprehensive, accurate and timely advice to management
4. Treating stakeholders in Ferrowest fairly, effectively, impartially and courteously
5. A discrimination free workplace
6. Being tolerant of diverse views and different backgrounds
7. High quality leadership
8. Two way communication, consultation and co-operation in the workplace
9. A workplace that is safe and rewarding
10. Merit based decision making on employment and equity in remuneration

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Ferrowest is currently undertaking feasibility study work into its Yalgoo Iron Project. These activities are likely to continue for 2010 / 2011 and during this time the Company will only maintain a small core team of employees.

If there are any vacancies at Ferrowest Limited they will be listed below.

If you wish to apply for a position with Ferrowest Limited please email your application to info@ferrowest.com.au or alternatively post to:

Ferrowest Limited
Attn: The Human Resources Officer
PO Box 383
BELMONT WA 6984

Please note that any employment application received by Ferrowest may be held on file for a period of up to three years in case an employment opportunity arises for which the applicant may be suitable. If you do not want your application held by the company then please advise us in writing or email.

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The environmental impacts of the activities of the Company are assessed and managed in accordance with the relevant legislative requirements including the Environmental Protection Act 1986, Heritage of Western Australia Act 1990, Native Title Act 1993, Mining Act 1978 and the Environmental Protection and Biodiversity Conservation Act 1999.

Ferrowest employs industry best practice to minimise any environmental and social impact of its operational activities.

The projects of the Company are planned, constructed, operated and decommissioned in a manner that meets the principles of sustainability and the quadruple bottom line of Social Capital, Economic Wealth, Environmental Assets and Corporate Governance.

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Ferrowest is an equal opportunity employer.

Employment decisions are based on merit and suitability for the duties of the position.

Ferrowest does not discriminate on the basis of:

• Sex
• Ethnic background or culture
• Age
• Disabilities; or
• Religious Beliefs

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Ferrowest recognises and respects the important role that Indigenous Australians play as traditional custodians of much of the Australian land mass.

The Company also respects the deep cultural significance that the land has for Indigenous Australians and the important role that cultural beliefs have played in the effective stewardship of the land over thousands of years.

Ferrowest always seeks to reach early agreement with traditional Aboriginal custodians of the land and to maintain a high level communication and cooperation that will allow heritage surveys, exploration and mining to proceed whilst protecting Aboriginal heritage, the environment and generating benefits for the Indigenous community.

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At Ferrowest we value a safe and rewarding workplace.

We believe that safety is the responsibility of all employees and contractors.

We owe ourselves, each other and the community a duty of care.

The Company policy in respect of safety is that:

• Safety is a core function of doing business
• Resources will be provided to ensure a safe workplace and safe systems of work can be established and maintained
• Safety will be regularly and systematically reviewed
• Appropriate training will be provided to all employees to ensure that they can discharge their duties in a safe manner
• Managers are responsible to promote and support safety in the workplace
• Managers are to promote and support continuous improvement in the methods of work within their workplaces
• All accidents and near misses are to be investigated promptly and action taken to avoid any future occurrences
• All Company personnel are responsible for their own safety and the safety of those around them

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The Board of Ferrowest Limited has adopted the following policy to govern the activities of the Company and to ensure we improve the triple bottom line of the Company in recognition of the interdependence of financial returns, the environment and social benefits.

Our Values for Sustainable Development are:

1. Conduct all Company operations in an efficient, effective and financially sustainable way.
2. Optimise eco-efficiency by focusing on the efficiency of inputs and energy consumption and, where practicable, maximising reuse, recovery and recycling of any waste.
3. Provide a safe, healthy and rewarding work environment for our people.
4. Respect, communicate and work with the people and communities in which our business operates.
5. Conduct all business in accordance with the Company’s standing policies with particular emphasis on the Ferrowest Ethics Policy.
6. Engage all stakeholders in meaningful dialogue and endeavour to support their own sustainable development initiatives where practicable.
7. Be willing to learn and consider new sustainable development knowledge and share the collective sustainable development knowledge of Ferrowest with our suppliers, stakeholders and customers.
8. Apply the following environmental protection rules:
   • Conduct careful evaluation of all new activities and assess the risk weighted consequences of different options.
   • Plan all new activities for the benefit of present and future generations.
   • Biodiversity and ecological integrity should be maintained.
   • Take account of the environmental impact for the full product lifecycle when pricing and evaluating new activities.
   • Minimise waste and maximise efficiency and effectiveness in all new activities

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