Our ongoing support has helped water management business, ADENCO, build a strong position as a niche player in the mining supply chain.
Established in 2014, Perth-based ADENCO is a water management and engineering business that has enjoyed rapid growth. Starting with BHP as its sole client, over time it has won contracts with engineering and resourcing giants, like Roy Hill, Worley Parsons, Rio Tinto, Atlas Iron and Iluka Resources to name a few.
ADENCO’s General Manager, Christoff van der Schyff, says one of the business’s main strengths is its specialist team and innovative equipment. “Water management is a niche market,” he said. “Poly welding is a unique skill and specialised type of work – especially for the scope and size of pipelines we install in the mines.”
Export Finance Australia has previously provided support for ADENCO’s earlier contracts.
So in April 2020, when the business won a contract to be part of the supply chain for Rio Tinto’s West Angelas Deposits C&D water infrastructure project, the business needed a bank guarantee to access funds to execute the works. That’s when they approached us for support.
Our Senior Business Development Manager, Cameron Hall, helped ADENCO through the application, which Christoff says was a smooth and straightforward process with our help.
“Cameron was our main contact, helping us obtain the correct wording for the bank guarantee, and the documentation to get approval from the Export Finance Australia credit team,” said Christoff. “There’s now a relationship and a trust between us, which is really enjoyable.”