In depth
12 September 2024

EDC’s Lavery on creating a legacy of no wrong doors to export finance support

Mairead Lavery at EDC is coming to the end of her term as CEO. She discusses changes in her philosophy, the need for reform of Common Approaches, and creating a robust Bretton Woods-style legacy for another 80 years of ECA support amid geopolitical challenges. Read more about legacy, relationships,... More

News
13 September 2024

Linklaters hires new energy specialist from Shell

Linklaters has bolstered its energy sector offering with the appointment of Joanna Addison, who joins as the firm’s new Global Sector Lead for Energy Transition.Addison was previously Head of Legal for Shell in Qatar and, before that, was a partner at Herbert Smith Freehills.She bringing over... More

News
13 September 2024

FID taken on largest green hydrogen plant in Spain

bp and Iberdrola have taken a final investment decision for a 25MW green hydrogen project at bp's Castellon refinery in Spain, which is expected to be operational in second half of 2026. This is the first hydrogen project jointly undertaken by bp and Iberdrola through Castellon Green... More

In depth
06 September 2024

If I had a nickel

ECAs, DFIs and banks to Madagascar’s Ambatovy nickel mine project financing are facing a wipe out of $1.66 billion loans under a new shareholder restructuring proposal. Though some of the owed debt could be recovered – if lenders stump up new cash. More

News
13 September 2024

Cumbrian coal mine plan blocked by high court

The UK’s first new deep coalmine in 30 years will not be allowed to go ahead after a ruling in the high court.Justice Holgate ruled that plans to build the facility in Whitehaven, Cumbria, would not proceed, in what campaigners called a “victory for the environment”.New fossil fuel... More

News
13 September 2024

Olam raises offer for Namoi Cotton

Olam Agri Holdings has raised its takeover offer for Namoi Cotton just two days after independent directors at the Australian producer recommended a rival bid from Louis Dreyfus Company.Olam’s increased all-cash offer values Namoi at A$154 million ($104 million), which is 12% more than... More

News
13 September 2024

Vitol poaches Glencore, Trafigura iron ore traders

Vitol is poaching iron ore traders from rivals Glencore and Trafigura, as the world’s biggest oil trader ramps up its efforts to expand into metals. Vitol has been in talks to hire some of Glencore’s iron ore team, and some members have already quit and will be joining Vitol,... More

News
13 September 2024

Guyana edges closer to $646m US Ex-Im loan approval

Guyana’s $646 million loan application to US Ex-Im for a gas-to-shore energy project has moved a step closer, the South American country's government said.The US export credit agency now has all of the information it needs, and the application will go to the bank's board of directors... More

News
13 September 2024

Uranium One to build Bolivia’s first DLE plant

Bolivia state-owned Yacimientos de Litio Boliviano (YLB) has inked a deal with Russia’s Uranium One Group to build a $976 million direct lithium extraction (DLE) facility in the country’s vast Salar de Uyuni.The plant will be the first of its kind in Bolivia, with an initial production... More

News
13 September 2024

Bruecher moves to AKA from Euler Hermes

Felix Bruecher has moved to AKA Ausfuhrkredit-Gesellschaft from Euler Hermes. At AKA, Bruecher will be director and team head of export and agency finance. Bruecher spent more than 15 years at Germany’s export credit agency, culminating as director of international business development. In... More

News
13 September 2024

Australia, Germany pen A$660m hydrogen pact

The Australian government has signed a deal with Germany to negotiate new green hydrogen supply chains and guarantee European buyers for Australia’s renewable hydrogen producers.The joint declaration of intent to negotiate the A$660 million ($403.7 million) deal is equally funded by both... More

News
13 September 2024

Antipa sells Citadel JV stake to Rio Tinto

Antipa Minerals has announced the sale of its 32% interest in the Citadel JV project to partner Rio Tinto Exploration for A$17 million ($11.4 million).Proceeds from the transaction will bolster Antipa’s cash reserves to about A$23 million. The Citadel JV was established in 2015 between... More

Event
Oct 2 - Oct 3, 2024

Asia 2024: Agency, Energy & Infrastructure Finance

Marina Bay Sands, Singapore

A networking super-highway for the agency, energy & infrastructure finance world!

Full details
News
13 September 2024

H2 Green Steel rebrands as Stegra

H2 Green Steel is changing its name to Stegra - a Swedish word meaning "to elevate" - to reflect its goal of decarbonising hard to-abate industries. Stegra will do so by leveraging all three platforms it works with: green hydrogen, green iron and green steel.Stegra is developing a... More

News
13 September 2024

Ca Mau 1 Wind project gets Maybank financing

Maybank has extended financing to Sinohydro, a subsidiary of PowerChina, for an EPC project to construct offshore wind power farms of the Ca Mau 1 project in the southern province of Ca Mau, Vietnam.Ca Mau 1 is the largest offshore wind farm in Vietnam and ASEAN. The total installed capacity is... More

News
13 September 2024

South African renewable energy gets €400m boost

Renewable energy projects developed by independent power producers in South Africa received a €400 million (ZAR7.9 billion) boost via a joint initiative between EIB and FirstRand Bank.A €200 million loan from EIB will be matched by FirstRand Bank to invest in renewable energy, in... More

News
13 September 2024

C3 signs partnership for domestic US downstream critical minerals processing

Chilean Cobalt Corp (C3) has entered into a non-binding strategic partnership with Glencore AG and US Strategic Metals to explore domestic US downstream processing of cobalt and copper intermediate products from C3's La Cobaltera project in Chile.In July, C3 penned a non-binding Letter of Intent... More

News
13 September 2024

Galveston LNG Bunker Port enters into a gas supply deal

Galveston LNG Bunker Port has entered into a gas supply agreement for the delivery of natural gas to the GLBP terminal in Texas City, Texas.This gas supply agreement supports GLBP in providing LNG marine fuel to customers in the Galveston Bay Port complex, including the ports of Houston, Galveston... More

News
13 September 2024

IDB, WTO pledge to step up trade support

IDB and the World Trade Organization have agreed to deepen their collaboration and work towards better trade. Both organizations will join efforts to foster digital trade, assist their members in investment facilitation, and ensure that the benefits of trade are inclusive and reach everyone in... More

News
12 September 2024

Oneok prices $7bn notes offering

US-based natural gas group Oneok has priced an offering to sell $7 billion of senior notes.The offering consists of $1.25 billion of three-year senior notes at a coupon of 4.25%, $600 million of five-year senior notes at 4.40%, $1.25 billion of seven-year senior notes at 4.75%, $1.60 billion of... More

News
12 September 2024

Keliber Technology closes Finnvera-backed loan

Mining and battery chemicals company Keliber Technology - owned by  Sibanye-Stillwater (80%) and Finish Minerals Group (20%) - closed a €350 million ECA-backed loan to finance construction of its lithium hydroxide project in Finland on 20 August. The 7-year facility signed in 2023 with 80%... More