A groundbreaking Native Title project agreement between BHP Mitsubishi Alliance and the Barada Barna People will direct vital funding to develop projects and future employment across the community.

The iron ore miner's agreement with the Barada Barna Aboriginal Corporation (BBAC) is expected to help drive intergenerational economic benefits to the community.

The Barada Barna People are the Native Title holders of more than 3000 sq km of land in central Queensland where BMA has mining operations, specifically the Broadmeadow, Caval Ridge, Goonyella Riverside, Peak Downs and Saraji steelmaking coal mines.

Financial benefits will prioritise community projects that create more opportunity for the Barada Barna People to live and work on Country, as well as contracting, business, employment and education opportunities and a range of training programs.

BBAC chairperson Nicole Muller said the Native Title meant a great deal to the Barada Barna People.

"This agreement is not just about the now and helping our people today," she said.

"It's also about laying the foundations, so future generations after us will reap the full benefits.

"Some of the biggest benefits to come out of this agreement are around employment and contracting.

"These benefits will bring sustainable long-term economic and social improvements.

"And will bring our people back home to work and live on Country."

The agreement is the second Native Title project between BBAC and BHP in Queensland, after an historic deal in August 2021, and the first agreement between BBAC and BMA.

BMA asset president Adam Lancey said the agreement recognised the Barada Barna peoples' sacred connection to their land and surrounding waterways.

"BMA and Barada Barna will work together to deliver intergenerational benefits, via contracting, business, employment and education," he said.

"The agreement also helps deepen our workforce's knowledge and understanding of Barada Barna history and connection to Country."

BHP president Australia Geraldine Slattery said partnerships with Traditional Owners and their communities across Australian were critically meaningful to the mining titan.

"This agreement is years and many voices in the making," she said.

"It reflects BHP's aspirations and commitments to listen and to learn to get our practice right, to do better and to walk a new path, together.

"It's an agreement that has been created through good faith negotiation to deliver economic, social and cultural wellbeing."

In September BHP announced record spending on Indigenous procurement across its Australian operations for the past financial year.

The value of contracts with First Nations businesses almost doubled in 2023-24 to a high of $700 million, spent across 240 Indigenous suppliers, a bump of 75 per cent from the previous financial year.

The results have BHP on track to reach $1.5 billion of targeted spend with Indigenous and Traditional Owner businesses by mid-2027, a commitment in its June 2023 RAP.

The Barada Barna people were granted Native Title of more than 3,000 sq km of land in Central Queensland where BMA's mining operations are based in September 2016.