Finance for Mining Contractors

Asset-backed funding, working capital, and mobilisation finance for Australian mining services companies and contractors — structured around contracts, equipment, and the realities of the mining cycle.

What This Service Does

Mining contractors face a distinct set of financial challenges: capital-intensive equipment requirements, contract-linked revenue cycles, and the need to fund mobilisation well before the first progress payment arrives. Phillips International Consulting structures and arranges finance specifically for mining contractors — covering asset-backed fleet funding, working capital facilities, and mobilisation finance — drawing on specialist lenders who understand the sector.

Who It Is For

This service is for Australian mining services companies and contractors — including civil and earthmoving contractors, drill and blast specialists, underground mining contractors, maintenance and shutdown providers, and mining engineering and construction groups. Whether you are mobilising to your first major contract or managing finance across a portfolio of long-term agreements, we can structure the right funding solution for your business.

Why Mining Contractors Have Distinct Finance Needs

Unlike mining companies — which own the resource and can finance against reserves or offtake — mining contractors finance against contracts, equipment, and their own cash flow. Lenders need to understand contract tenors, mobilisation timelines, and the creditworthiness of the mining company client. This makes contractor finance more nuanced than standard equipment or business lending, and it is best approached with an adviser who understands how mining services businesses actually operate.

Asset-Backed Funding for Contractor Fleet

For mining contractors, the single largest capital requirement is usually fleet — excavators, dozers, drill rigs, haul trucks, and ancillary equipment. These assets have real, realisable value that specialist lenders can fund efficiently. We structure and arrange asset-backed facilities against contractor fleet, taking into account the underlying contract, the asset's age and residual value, and the repayment profile that fits your cash flow. We work with a number of specialist funders that understand mining equipment and the contractor business model.

Working Capital and Contract Mobilisation Finance

The gap between winning a contract and receiving the first progress payment is a critical period for mining contractors. Mobilisation costs — equipment transport, site establishment, labour onboarding, consumables — are often substantial and must be funded before revenue begins to flow. We structure working capital and mobilisation finance solutions that bridge this gap, using the underlying contract and asset base as security where possible.

Finance Structures We Arrange

Asset-backed facilities — secured against mobile plant, mining fleet, and equipment
Sale and leaseback — releasing equity in existing fleet to fund new contracts or growth
Mobilisation finance — bridging the gap between contract award and first payment
Working capital facilities — invoice discounting and receivables lending against confirmed progress claims
Equipment finance — for acquiring new or used plant ahead of contract commencement

What Lenders Look For in Mining Contractor Transactions

Contractor finance lenders assess a combination of asset quality, contract terms, and the borrower's financial position. Key factors include the creditworthiness of the mining company client, the length and renewal terms of the services contract, the residual value of the equipment being financed, and the contractor's track record and management capability. What sets Phillips International Consulting apart is direct, first-hand experience on both sides of these transactions. Matt Phillips spent five years working as a Treasurer inside mining contracting businesses — understanding exactly how they operate, how cash flows, and what keeps a CFO awake at night. He then spent over 14 years working for specialist mining lenders, assessing and structuring contractor finance transactions from the credit side. That combination — knowing what lenders need to see, because he has sat in the credit chair himself — means we can present your business in a way that builds genuine confidence and maximises your chances of getting the right deal done.

Talk to us about your next contract or mobilisation.

We work with Australian mining companies and contractors at every stage. Reach out for a confidential, no-obligation conversation.

Perth, Western Australia — serving clients Australia-wide

Matt@phillipsint.com

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