Mercuria Energy Trading has closed its $3.5 billion multicurrency revolving credit facilities.The facilities comprise a one-year multicurrency RCF, a one-year multicurrency revolving credit/swingline/OBSI facility, and a three-year multicurrency RCF. The three multicurrency RCFs include two one-year... More

Dentons has appointed experienced trade and commodities finance specialist Ellis Lawson as a partner to its banking and finance – asset, trade and export finance team in London.Lawson joins from Sullivan & Worcester, where he was a partner. He was previously at Allen & Overy for 12... More

IFC will provide an extra $400 million through a subordinated loan for the Reko Diq copper-gold project in Pakistan. This will be offered in addition to the $300 million financing that was announced in April, bringing IFC's total commitment to $700 million. Total project costs of $6.6... More

Trafigura Trading has renewed its North America energy borrowing base credit facility.The two-year facility was initially launched at $3.75 billion in April 2025 and, following a strongly oversubscribed syndication, was closed at $4.235 billion this month.Acting lead arrangers and joint bookrunners... More

DHL Group has signed a 10-year PPA with EnBW for 80GWh of renewable electricity annually from the He Dreiht offshore wind farm in the German North Sea.The agreement will begin with the start of commercial operations in spring 2026 and will supply 16% of DHL’s current German demand. The 960MW... More

Morocco has announced a 1GW offshore wind farm near Essaouira, set to begin construction by 2029 as part of the country’s renewable energy strategy.The project will be Morocco’s first offshore wind development and is being planned for Essaouira’s coast due to strong and consistent... More

African Export-Import Bank (Afreximbank) has acted as global coordinator and joint mandated lead arranger for a $1.6 billion facility backing Staatsolie Maatschappij Suriname.The Surinamese state oil company will use the new loan to fully repay the outstanding bank loan of $130 million and finance... More

The Basel Committee on Banking Supervision, the primary global standard and policy setter for the banking industry, announced the release of a new, and long-awaited, framework for use by regulators for the disclosure of climate-related risks by banks.Following pressure from the US, however, the... More

Avellinia Capital, a private credit investment firm specialising in asset-based financing and capital solutions, has announced a new partnership with British Business Bank aimed at bolstering funding for UK fintech lenders and asset originators. Through this collaboration, hundreds of UK... More

Giyani Metals has received a non-binding letter of interest from the Export-Import Bank of the United States for up to $225 million in financing to support the construction of the K.Hill Battery-Grade Manganese Project in Botswana.The potential 15-year funding falls under the ECA's Supply Chain... More

Veronica Assandri Foldnes has been appointed head of commodity, trade and sovereign credit at Swiss Re. She takes on responsibility for trade finance and sovereign risk in addition to her existing responsibilities as head of commodity trade finance. Marilyn Blattner-Hoyle, formerly responsible... More

The Export-Import Bank of the United States has issued a letter of interest to Augusta Gold in support of up to $50 million for the development of the company's Reward Project, in Nevada. The potential funding would be made under the ECA's Make More in America initiative.The non-binding LoI... More

Almasane Alkobra Mining Company (AMAK) has ended plans to jointly explore metal deposits with UK-based Power Metal Resources. In September 2024 the two companies signed a letter of intent to develop nickel ore deposits at the Qatan site in Saudi Arabia. This has been terminated because the... More

Metinvest is expected to sign a Finnvera-backed loan for upgrades to an iron ore project in Ukraine this week. Proceeds will be used to reduce the amount of waste produced and water consumed during the extraction of iron ore while also reducing operational costs. The project is located on an old... More

Nippon Steel has finalised its $14.9 billion acquisition of US Steel following approval from President Donald Trump. After 18 months of negotiation and regulatory deliberation, Nippon has secured its largest ever foreign acquisition. The company has agreed to invest $11 billion by 2028 on... More

Viridis Mining and Minerals has been selected by BNDES and the Funding Authority for Studies and Projects (FINEP) to receive substantial financing for its Colossus Project in Brazil.The project is being developed by the company and its Viridion joint venture. It is expected to develop sustainable... More

The International Credit Insurance & Surety Association (ICISA) has elected Hannover Re’s Jan Muller as president and Chubb’s Dekker Buckley as VP.Muller brings 35 years of experience at Hannover Re to the role, where he serves as MD. Buckley, senior VP, international surety at... More

South Star Battery Metals has been selected by the BRL5 billion ($895 million) Transformation of Strategic Minerals initiative sponsored by BNDES and FINEP. The initiative targets increased production and transformation of minerals crucial for energy transition and decarbonisation, focusing on... More