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

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

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

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

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

Natalie Gonzalez-Ubeda has been promoted to head of export finance at Elecnor. The position at the Spanish exporter was previously held by Angela Perez, who has now joined the Spanish DFI, Compana Espanola de Financiacion del Desarrollo (COFIDES) as chair of the board. Gonzalez-Ubeda has been... More

Vitol-backed power firm VPI will invest up to €450 million ($496 million) over the next three to five years in battery projects in Germany. Individual projects will be different in scale but the majority will have a 60MW capacity. Germany plans to rapidly expand its renewable power... More

US Ex-Im is considering funding an LNG project led by Eni off the coast of Mozambique - years after investing in a controversial onshore facility which has been delayed by security issues and opposed by environmental groups.Eni’s planned Coral North floating LNG plant is listed by the US... More

Brazil has asked the EU not to implement regulations in its deforestation law at the end of the year as scheduled and asked for it to be revised to avoid hurting Brazilian exports.In a letter to the European Commission, the Brazilian government said the law banning the import of products linked to... More

Namoi Cotton's independent directors have unanimously recommended that shareholders accept Louis Dreyfus Company's takeover offer and reject a proposal from Olam Agri Holdings.Despite being marginally higher than LDC's bid, Olam’s offer price is insufficient given the greater... More

EIB and the Irish Department of Transport are cooperating to assess capacity, demand and financing strategies required for the development of ORE port infrastructure, which is crucial for the development, construction, and long-term operation and maintenance of offshore wind projects.While no Irish... More

Texas LNG Brownsville has signed another Heads of Agreement for a long-term LNG sale and purchase deal.With this deal, the 4 million tonnes/year Texas LNG project has now secured sufficient customer offtake commitments to reach its final investment decision. The new agreement builds on existing... More

Bapco Energies has sold a minority ownership stake in the Saudi Bahrain Pipeline Company (SBPC) to a fund managed by BlackRock’s Diversified Infrastructure team. SBPC owns a portion of the 112km pipeline supplying crude oil from Saudi Aramco to Bapco Refining, the national refinery of... More

Tata Steel has signed a £500 million (about $653 million) grant funding agreement with the UK government allowing it to proceed with the project to install an electric arc furnace at the Port Talbot steelworks in Wales.The £1.25 billion project will reduce the UK’s entire... More

Andromeda Metals now has all the elements in place to progress funding discussions as the company moves towards a final investment decision for its Great White Project in South Australia. The company estimates that capital expenditure for Stage 1A+ of the project is $84 million. It notes that... More

Three new greenfield airports are set to be constructed in the Visayas and Mindanao over the next decade to boost the Philippines' tourism and aviation sectors.The Department of Transportation (DOTr) announced that pre-construction activities, including land acquisition, have begun for airports... More

Ukrgasbank and PrivatBank have become the first two banks in Ukraine to join EBRD’s Energy Security Support Facility (ESSF). The programme will enable the country’s financial sector to provide better access to financing for energy security investments in Ukraine.The bank is extending... More

Atradius and fintech Mondu are partnering to help European businesses integrate the most popular B2B payment options into their e-commerce channels without the need for external payment gateways. The collaboration caters to the growing need for innovative B2B payment options, as the... More