Digging Deep - The Zimbab-Way
For any business owner who can take an opportunity and use it wisely, they can very quickly build something successful.
Terry Danda’s journey with Bunhu Mining illustrates the challenges faced by entrepreneurs in the earthmoving and mining industries, particularly in equipment procurement. Despite starting from scratch and facing limited funding options, Terry’s hard work and resourcefulness enabled the growth of Bunhu Mining. However, the turning point came with Yellowgate’s rent-to-buy options, providing flexible solutions tailored to Bunhu Mining’s needs. Yellowgate’s understanding of industry demands and commitment to practical solutions have been instrumental in Terry’s success
From bootstrapping to boom
Terry Danda, founder of Bunhu Mining, knows the earthmoving and mining industries inside-out. After relocating from Zimbabwe to Australia, he had to start fresh. With limited access to equipment financing, Terry relied on his own hard work and resourcefulness. Despite the initial hurdles, Terry’s dedication paid off. Bunhu Mining now offers a comprehensive range of services, including mining, haulage, crushing, processing, civil works, and construction. They’re even expanding into the marine sector!
Bunhu Mining’s initial equipment procurement options were limited. Terry reinvested every dollar back into the business, restricting growth. Then, Yellowgate entered the picture.
Yellowgate’s flexible rent-to-buy program, combined with their deep industry knowledge, was the perfect fit for Bunhu Mining. Yellowgate doesn’t just look at numbers; they understand the bigger picture and the specific needs of earthmoving and mining businesses.
In just a few years, Yellowgate has helped Bunhu Mining acquire four key pieces of equipment, with more on the horizon. This partnership allows Bunhu Mining to capitalize on the strong demand for resources like iron ore and lithium. “There’s a high demand for iron ore, as well as for lithium,” he says. “There’s a lot of jobs that need doing, and that could keep us busy for up to four years. But nowadays it can be very difficult to find equipment solutions backed by common sense.
“For some, procuring equipment is just about numbers and spreadsheets. They haven’t been on the ground to see what’s really happening. But Yellowgate speaks the language of the earthmoving and mining industries, and is willing to provide an ear.
Yellowgate is structured in a way that they are very flexible, and willing to go that extra mile.
Yellowgate’s Rent Now, Buy Later solution offers maximum flexibility and versatility.
Getting Started Is Easy:
- Specify the equipment you need, or Yellowgate can source options for you.
- Yellowgate purchases the equipment on your behalf and rents it to back to you on a 12 month term.
- At the end of your agreement, you choose; Continue Renting, Purchase or Return the equipment.
Get a Quote
For a confidential, obligation-free discussion about how Yellowgate can tailor a solution to suit your needs, call or complete the form below. Our friendly team will be in touch.