Service
Invoice finance, for mining contractors.
Your wages, fuel and camp costs go out weekly. The miner pays your certified claims in 30 to 60 days. Invoice finance closes that gap by advancing against the claims you have already earned, with funding that grows as the contract ramps up.
- Founded by two former bankers
- Commercial and business finance specialists
- Perth based, working Australia wide
- MFAA member
Invoice finance for mining contractors advances most of each certified progress claim upfront, commonly around 80%, instead of waiting the 30 to 60 days miners typically take to pay. The facility grows with the contract, which is what makes it the working capital tool for a business whose wages, fuel and camp costs go out weekly against claims paid monthly. We arrange it for drilling, earthmoving, crushing, maintenance and haulage contractors across WA and Australia.
The product is standard invoice finance underneath; what makes the mining version its own conversation is the ledger. Schedules of rates, certification, retention, related-party arrangements and site contract terms all change what a financier can fund and at what rate. Mapping that honestly before the application is where the work is, and it is the difference between a facility that works on site and one that approves on paper then advances less than the business needs. The general product is covered on our invoice and debtor finance page.
Quick facts: mining contractor invoice finance
| What it funds | Certified progress claims and B2B invoices for completed work |
| Typical advance | Commonly around 80% of the approved claim, balance less fees on payment |
| Facility shape | Revolves with the contract: more certified claims, more funding |
| Watch items | Retention, related-party debtors, prior security, uncertified variations |
| Where | Perth, WA and nationally |
| Confidential option | Yes, via invoice discounting where the contract permits |
How it works on a mining services contract
Most site contracts pay on a schedule of rates: fixed monthly components for plant and overheads, variable rates on volumes or metres, invoiced monthly as a progress claim. The claim is certified, then paid on the contract's terms, commonly 30 days and often longer in practice. Invoice finance sits on that cycle: once a claim is certified, the financier advances most of it within days, and the balance less fees arrives when the miner pays. Win more work and the facility grows with the certified claims rather than needing a renegotiated limit, which is the feature a fixed overdraft cannot match.
The ledger a financier can actually fund
The honest part of this product, and the part worth hearing before applying rather than after: the fundable ledger is often smaller than the receivables ledger. Related-party receivables, where the entity paying you is one you part-own or fund, are a standard exclusion. Claims sitting behind another financier's registered security need the ranking resolved first. Retention is generally not advanced until released. Uncertified claims and disputed variations wait. We run the ledger through that filter first, size the facility on what is genuinely fundable, and fix what can be fixed, security releases, assignment consents, certification cadence, before the application goes in.
Paired with mobilisation and the machines
The contract that creates the claims also creates the up-front costs, so claims funding rarely travels alone. Mobilisation and the equipment itself are structured alongside it: the whole picture lives on our mining services finance page and the plant side on mining and civil equipment finance. Where the timing gap is general rather than claims-shaped, a business overdraft can be the simpler tool, and plenty of contractors run both. If slow claim cycles have left an ATO balance behind, our guide to business loans with tax debt covers how that gets structured rather than ignored.
For a quick read on where your own pressure sits, mobilisation, slow claims, breakdown buffer or rental drag, our free mining cash flow check takes 2 minutes.
Why businesses put us in the deal
Bankers first, brokers second. Rockwall was founded by two former commercial bankers, and years of working with bank credit teams taught us how they assess a deal. We structure yours the way the person approving it will read it.
Access to more than 40 lenders. Through our Finsure accreditation we can take your deal to the major banks and to the non-bank and specialist lenders behind them, and we know which credit teams currently have appetite for deals like yours.
Licensed and accountable. We are MFAA members and Credit Representatives (579184, 579182 and 580433) of Finsure Finance & Insurance Pty Ltd.
Your invoice finance for mining contractors specialist
Rowan Edwards, co-founder. Rowan is a former commercial banker and Credit Representative 579182, and he runs Rockwall's invoice finance for mining contractors work personally. He reads the subcontract before picking the financier: payment terms, retention and assignment decide which claims can be funded and by whom, and he structures the facility to grow with the contract. More on the team.
Frequently asked questions
How does invoice finance work on mining progress claims?
Mining services contracts typically pay on a schedule of rates, invoiced as monthly progress claims that are certified by the client and then paid on 30 to 60 day terms. Invoice finance advances most of each certified claim upfront, commonly around 80%, with the balance less fees paid when the miner settles. The facility revolves with the contract: more certified claims means more available funding, which is what makes it the working capital tool for a business whose costs run weekly against claims paid monthly.
What percentage of a claim gets advanced?
Commonly around 80% of the approved invoice or certified claim, with the exact rate set by the financier's view of the counterparty, the contract terms and the claim's certainty. Certified claims to strong counterparties sit at the top of the range; claims complicated by retention, uncertified variations or contractual conditions fund at lower rates or wait for certification. The balance, less the financier's fees, is paid when your client pays.
Which receivables are typically excluded from funding?
Four kinds come up repeatedly in mining services. Related-party receivables, where you invoice an entity you part-own or that funds you, are a standard exclusion. Claims already subject to another financier's registered security need the ranking resolved first. Retention amounts are generally not advanced until released. Uncertified claims and disputed variations wait for certification. None of these kill a facility, but they shrink the fundable ledger, so we map what a financier can actually advance before any application is made.
Is the facility confidential from our clients?
It can be. Under invoice discounting you keep running your own invoicing and collections and the facility is typically confidential, which established contractors generally prefer. Under factoring the financier manages collections and the arrangement is disclosed. Contract terms matter here too: some mining services contracts have clauses around assigning receivables, and reading them early decides which structure and which financier fit. We check that before anything is lodged.
Does invoice finance suit subcontractors?
Often, yes. A subcontractor invoicing a large mining services group has a strong counterparty story, which financiers like, though subcontract terms tend to carry tighter payment provisions and retention. The subcontract's wording on payment, assignment and set-off decides which financiers can fund it and at what advance rate. It pairs naturally with mobilisation funding, since the same contract that creates the claims also creates the up-front costs.
Why use Rockwall for mining contractor invoice finance?
Rockwall was founded by two former commercial bankers, and this product rewards that background: the value is in mapping the fundable ledger, the counterparties, the contract terms and the security position before the application, so the facility that gets approved is the one that actually works on site. We are Perth-based with access to more than 40 lenders through our Finsure accreditation, and we arrange the claims funding alongside the equipment and mobilisation so the whole contract is financed as one picture.
Get started
Want to talk it through?
Send us a short enquiry. We'll tell you whether it's fundable, how we'd structure it, and which lender we'd take it to. No obligation, and no meeting required to get an answer.
Prefer to talk? Call Rowan on 0483 292 005 or Ari on 0434 929 370.