In depth
05 June 2024

Takeaways from the tea-party: TXF Amsterdam 2024

The 10th edition of the TXF Amsterdam Global Commodity Finance event has now passed, but what were the biggest talking points? Read on for the latest updates on growth in commodities, financing issues and the demands of sustainability. More

News
13 June 2024

ADNOC takes Ruwais FID, awards $5.5bn contracts

ADNOC has taken a final investment decision for its giant Ruwais liquefied natural gas project, which will more than double the UAE's LNG output.State-owned ADNOC also awarded contracts worth $5.5 billion to build the project. The EPC contracts were awarded to a joint venture led by France's... More

News
13 June 2024

Czech railway upgrade project receives EIB funding

EIB and the Czech Ministry of Finance signed a CZK13 billion (about $570 million) loan to upgrade the country’s rail network, unlocking the second part of planned EIB support totalling CZK 48.8 billion. The funding will improve TEN-T railway lines in the Czech Republic and enable the... More

In depth
04 June 2024

The TXF Export Finance Survey pt 1: Not feeling it quite yet

The macro environment is still a little unsettled. So the industry is not completely willing to accept the good news on transaction volumes. More

News
13 June 2024

EDC issues sixth green bond at $1bn

Export Development Canada has issued a $1 billion green bond. The bond will attract capital for climate-focused investments and help progress EDC’s sustainable finance efforts.The bond has a fixed rate coupon of 4.75% and matures June 5, 2034. The lead underwriters were BMO Capital Markets,... More

News
13 June 2024

Afreximbank seals $500m syndicated facility

Afreximbank has secured a $500 million dual tranche syndicated term loan facility.Industrial and Commercial Bank of China, London branch, and Standard Chartered acted as coordinators, initial MLAs and bookrunners for the facility, which was syndicated exclusively to Asian lenders. ICBC was the... More

News
13 June 2024

UKEF backs Bristow's search and rescue financing

Bristow Group's UK subsidiary Bristow Leasing has signed a UKEF-backed term-loan facility of up to €100 million (about $108 million) with NatWest to fund the next generation of search and rescue operations in Ireland.Bristow's obligations will be secured by five new-delivery Leonardo... More

News
13 June 2024

Tokyo Gas to supply LNG cargo to First Gen’s Batangas FSRU terminal

First Gen has awarded a contract to a unit of Japan’s Tokyo Gas to supply one LNG cargo to its FSRU-based terminal in Batangas, Philippines.The award of the LNG cargo follows an international tender issued by First Gen last month.Japan’s city gas supplier and LNG importer... More

News
13 June 2024

EKN, Saudi EXIM sign deal to support non-oil exports

Saudi EXIM and Sweden's EKN have signed an agreement to enhance the Kingdom’s non-oil exports and explore trade and investment opportunities. The agreement is aimed at improving access and expanding the Kingdom’s non-oil exports into the Swedish markets. More

News
13 June 2024

Meld Energy Green Hydrogen Hub gets planning permission

A 100MW green hydrogen project in the UK that aims to replace the use of grey H2 and fossil gas in oil refining, chemicals production and heat has been granted outline permission to proceed by the local planning authorities.The Meld Energy Green Hydrogen Hub, under development by US-backed British... More

News
13 June 2024

Brazilian Rare Earths raises A$80m in discounted offering

Brazilian Rare Earths has raised A$80 million ($53.2 million) in a discounted A$3.30 a-share placement.Proceeds will be used to accelerate exploration and development at the Monte Alto, Sulista and Pele rare earth projects, including drilling, feasibility studies, permitting and for general working... More

News
13 June 2024

Lithium Ionic gains full ownership of Salinas properties in Brazil

Lithium Ionic has closed the acquisition of the remaining 15% stake in select Salinas properties, gaining 100% ownership of the lithium-rich assets in Minas Gerais, Brazil.The acquisition was executed through its subsidiary, Neolit Minerals Participações, marking a significant... More

Event
Jun 13 - Jun 14, 2024

ECA Finance Training 2024 | Athens

Divani Caravel Hotel, Athens

The most exhaustive and highly-renowned ECA Finance training in the industry.

Full details
News
13 June 2024

Elementos secures option for Spanish tin smelter

Elementos has signed a nonbinding term sheet to obtain an option for up to a 50% interest in Iberian Smelting, owner of a tin smelting and refining facility near Robledallano, Spain. The facility is located about 220km from Elementos’ Oropesa tin project.The agreement outlines a two-stage... More

News
13 June 2024

Trafigura signs for more VLCC newbuilds

Trafigura has returned to China for more very large crude carrier newbuilds.The trader has reportedly signed up for three additional 319,000 dwt VLCCs at Jiangsu New Hantong Ship Heavy Industry. No price has been revealed for the latest series, which will be fitted with scrubbers and... More

News
13 June 2024

Korea, Kazakhstan sign critical minerals supply MoU

South Korea has struck deals with Kazakhstan to allow its firms to explore for critical minerals in the Central Asian state, as the home to major chip producers and carmaker Hyundai moves to diversify its supply chains.The signed MoU will allow South Korean companies to take part in exploration for... More

News
12 June 2024

OMV to convert Romanian refinery to SAF production

OMV Petrom will invest €750 million ($807 million) at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region. The company has made the final investment decision to build a SAF/HVO facility and two facilities for green hydrogen production which... More

News
12 June 2024

Equinor in talks for HH2E investment

Equinor ASA is in advanced talks to become a key investor in German hydrogen startup HH2E AG and is set to decide on the size of the funding as early as July.HH2E is developing a hydrogen project at Germany’s Baltic port of Lubmin and has yet to make a final investment decision on the first... More

News
12 June 2024

MIGA and KUKE form Ukraine trade, FDI partnership

MIGA signed an MoU with Polish export credit agency KUKE to support and encourage trade and foreign direct investments by Polish companies in Ukraine and other countries. The agreement, signed at the Ukraine Recovery Conference 2024, provides a framework for cooperation on projects through... More

News
12 June 2024

Glencore to back Indonesian nickel miner before IPO

Indonesian nickel miner PT Ceria Nugraha Indotama is set to get backing from Glencore to build a battery metal plant ahead of an IPO planned for next year.Glencore is in talks to take a 10% stake in the company through a pre-IPO fund-raise, and will assist in financing its high pressure acid leach... More

News
12 June 2024

Aon and DFC partner on landmark $350m Ukraine insurance program

Aon and DFC are partnering on a first-of-its kind $350 million insurance program to build insurance capacity and accelerate new capital investment and economic recovery in Ukraine.Aon coordinated a $50 million reinsurance facility, working with DFC and the Ukraine Ministry for Development of Economy... More