Mining of any nature can sometimes be considered a controversial discussion topic and with a general election on the horizon, the debates and conversations around mining in New Zealand bubble to the surface. Lenders do pay attention to these conversations when they arise.

Finance New Zealand works with a number of gold mining businesses in the South Island. Lenders are increasingly looking closely at the practices of mining businesses to fulfil moral, ethical, and environmental lending obligations, e.g. by reviewing the water management plans before supporting any new business lending.

We have dedicated business finance advisers who work with gold mining clients to ensure that their business finance requests meet our funding partners' requirements. Our expertise in this industry ensures that our clients receive not only an efficient solution, but also one that meets their long-term business objectives.

Steve Reid, our Marlborough-based adviser, recently worked with Federation Mining to facilitate asset finance for the purchase of their new underground mining equipment, which will be used at Snowy River to assist with the reopening of the old Blackwater mine. Federation Mining employs around 60 staff on the West Coast and this is expected to grow to over 150 towards the end of 2024.

To talk with a Finance New Zealand adviser about specialist business finance, contact us today.