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24 May 2024
in
Other

EBRD names acting MD for Central Asia

EBRD has named Huseyin Ozhan as its acting Managing Director for Central Asia. He is succeeding Zsuzsanna Hargitai, who has been appointed Managing Director, SME Finance...

24 May 2024
in
Oil & gas

ADNOC raises $935m from 5.5% additional stake sale in drilling unit

ADNOC raised $935 million from an additional 5.5% sale of shares in its drilling unit to institutional investors.The transaction constitutes a sale of 880 million shares...

23 May 2024

Finnvera issues €1bn bond

Finnvera has issued a €1 billion bond. The long five-year transaction maturing in August 2029 was the Finnish ECA's first benchmark bond issue this year and...

23 May 2024
in
Agri/Soft Commodities

Namoi urges shareholders to reject LDC takeover

Namoi Cotton is urging its shareholders to reject a takeover bid from Louis Dreyfus Company, saying the agricultural trader’s latest offer for the cotton producer...

23 May 2024

JBIC issues JPY10bn bond

JBIC has launched five-year JPY10 billion ($63.9 million) fixed rate domestic bonds without government guarantee. The bond carries a coupon rate of 0.639%.All proceeds...

23 May 2024
in
Metals and Mining

Anglo American rejects BHP’s third takeover offer of £38.6bn

Anglo American has rebuffed a third takeover attempt by BHP after the Australian company sweetened its offer in an attempt to create a global mining titan.BHP said it had...

23 May 2024
in
Chemicals/Petrochemicals

Kexim to provide $1bn for Amiral petchem project

The Export-Import Bank of Korea will provide $1 billion in project financing for the $14.8 billion Amiral petrochemical facility project in Saudi Arabia.The project,...

23 May 2024

Saudi Exim partners with SMBC, MUFG

Saudi Exim Bank has signed cooperation agreements with SMBC Business Banking and MUFG. These agreements are intended to enhance collaboration and create co-financing...

23 May 2024
in
Oil & gas

ADNOC makes fourth gas foray abroad with Mozambique deal

ADNOC has bought Galp's 10% stake in the Area 4 concession of the multi-billion-dollar natural gas project in Mozambique's Rovuma basin, its fourth international...

23 May 2024
in
Oil & gas

Firm building QatarEnergy-Exxon LNG plant files for bankruptcy

The lead contractor building a Texas LNG plant for QatarEnergy and Exxon Mobil has filed for Chapter 11 bankruptcy protection, citing challenges at the project.Zachry...

23 May 2024
in
Metals and Mining

Turkish miner Esan gets green boost via EBRD funds

EBRD is providing a $50 million loan to Turkish mining group Esan to finance the company’s resource and energy efficiency investments at the Balya polymetallic...

23 May 2024
in
Metals and Mining

Phenom to acquire King Solomon gold project

Phenom Resources has entered into an option agreement to acquire up to 100% interest in the King Solomon gold project located in Nevada, US.The agreement grants Phenom...

23 May 2024
in
Infrastructure

Tajikistan bridge project receives AIIB, EBRD, OFID support

A project to construct a bridge in Tajikistan is being financed by AIIB, EBRD and OFID.The bridge and its approaches along the Obigarm-Nurobod section of M41...

23 May 2024
in
Metals and Mining

Glencore, Rusal 'extend aluminium supply contract into 2025'

Glencore and aluminium producer Rusal have extended their long-term supply contract into next year after the amount traded so far has amounted to a fraction of the...

23 May 2024
in
Renewables

Petra signs renewable energy PPAs with Etana

Petra Diamonds has entered into long-term Power Purchase Agreements for the procurement of wheeled renewable energy for its Cullinan and Finsch Diamond Mines from South...

23 May 2024
in
Renewables

EBRD and EU support construction of Pihlaka solar farm in Estonia

EBRD is lending €22 million (almost $24 million) to KC Solar2 OÜ to finance construction of the 45MW Pihlaka solar park in the town of Kehra, Estonia. The loan...

23 May 2024
in
Renewables

DFC agrees funds for Indonesian 31MW geothermal project

DFC has announced financing of up to $126 million for the Indonesian power company Medco Cahaya Geothermal.The commitment for the company is in coordination with...

23 May 2024
in
Metals and Mining

Faraday Copper secures C$20m bought deal

Faraday Copper has entered into an agreement with Ventum Financial as the co-lead underwriter and joint bookrunner on its own behalf and on behalf of a syndicate of...

23 May 2024
in
Metals and Mining

South Harz completes PFS for Ohmgebirge project

South Harz has completed the PFS for its Ohmgebirge project in Germany. In addition, the company has revealed a potential acquisition of the Sollstedt property, an...

23 May 2024
in
Other

Raizen partners with ION

Raizen Energia has chosen ION's TriplePoint solution to manage its commodities portfolios. The project is currently underway in Brazil, starting with onboarding...