Through our partnership with Fortescue Metals Group Ltd (Fortescue) we are providing finance to Jilpanti Enterprises Pty Ltd (Jilpanti).
Through our partnership with Fortescue Metals Group Ltd (Fortescue) we are providing finance to Jilpanti Enterprises Pty Ltd (Jilpanti). Jilpanti is owned and operated by Puutu Kunti Kurrama and Pinikura peoples’ Elder Lennie Ashburton and his son Leonard. The company is providing exploration earthworks for Fortescue.
“The support of Fortescue and ANZ has allowed Jilpanti to become a more financially viable entity. Having access to funds to purchase equipment has meant that we are creating steady growth for our business, increasing our income and employing Aboriginal people directly into our business”, Lennie Ashburton explains.
Under the $50 million funding initiative, which is supported by a guarantee from Fortescue, eligible Indigenous businesses – especially those without an established trading or credit history – are able to access finance at a competitive rate through ANZ.
In the case of Jilpanti, they have purchased two 80 tonne excavators and several vehicles which they would otherwise have hired at more expensive casual hire rates.
Our Managing Director of Institutional banking in Australia Graham Turley is pleased that through the partnership with Fortescue, ANZ is able to open up opportunities for Indigenous businesses. “We hope that this experience will help these businesses grow sustainably, become more financially independent and ultimately drive economic growth and employment in their communities,” he said.
Left to right – Heath Nelson, Manager, Community Development, Fortescue Metals Group – Frank Van Rooyen, Head Of Natural Resources Australia Institutional, ANZ – Leonard Ashburton, Jilpanti Enterprises – Darryn Brice, Relationship Manager, WA North, ANZ