Mining Equipment Finance from 4.99% p.a.

Specialist Finance for the Mining Industry

Australia's mining sector is one of the nation's economic pillars, and the equipment required to extract, process, and transport minerals represents enormous capital investment. From the $2 million haul trucks carrying ore in the Pilbara to the $500,000 drill rigs exploring for gold in the Victorian goldfields, mining equipment is among the most expensive and specialised machinery in any industry.

Financing mining equipment requires lenders who understand the sector's unique characteristics: the cyclical nature of commodity prices, the importance of mine life and contract durations, the robust second-hand market for quality mining machinery, and the critical role of equipment reliability in maintaining production targets.

Our mining equipment finance panel includes institutions that specialise in the resources sector. They understand how to value mining-specific equipment, assess mining contract risk, and structure finance that aligns with the operational realities of mining businesses.

Equipment for Mine Operators and Contractors

We serve both mine operators and mining contractors. For mine operators, finance can cover the full range of production equipment from earthmoving and haulage to processing and infrastructure. For mining contractors and subcontractors, the focus is typically on mobile equipment — excavators, dump trucks, drill rigs, and support vehicles that move between contract sites.

Mining contractors benefit from finance structures that match contract terms. If you have a 3-year mining services contract, the equipment finance can be structured over 3 years so the asset is paid off by contract completion. This ensures the equipment is revenue-generating throughout the finance term and provides a clean exit at contract end.

For contractors bidding on new work, having equipment finance pre-approved demonstrates to mine operators that you have the capacity to mobilise quickly. Pre-approval letters from our lenders can strengthen your tender submissions.

High-Value Asset Finance

Mining equipment often involves higher values than other equipment types. A single haul truck can cost $1 million to $3 million, and a complete crusher and screening plant can exceed $5 million. Our panel includes lenders with the capacity and appetite for these larger transactions.

For assets over $1 million, the assessment process is more detailed. Lenders typically require business financial statements, detailed equipment specifications and valuations, contract documentation demonstrating revenue to service the finance, and insurance and maintenance arrangements. Our brokers manage this process and present your application in the format that mining-specialist lenders expect.

Used Mining Equipment Finance

The used mining equipment market in Australia is robust and well-established. Quality used machinery from brands like Caterpillar, Komatsu, Hitachi, and Liebherr holds its value well and can have decades of productive life remaining. Financing used mining equipment can provide significantly better value than purchasing new, while still meeting operational requirements.

Our lenders accept used mining equipment in good condition with documented maintenance histories. Independent inspections may be required for higher-value or older equipment, but this is a standard part of the process and should not delay your finance significantly.