Ireland-based Kenmare Resources returned to the debt markets in December to refinance the remaining debt backing its Moma titanium mine in Mozambique. But this time round, the deal has a new lender line-up, vanilla structure, looser covenants and cheaper pricing, which all reflect the strength of the mine’s cash flows and its expansion capacity.

Anglo American agreed a £405 million ($527 million) rescue deal with Sirius Minerals this week. The takeover is a lifeline for Sirius which faced collapse if it could not find alternative funding for its struggling Woodsmith polyhalite mining project in the UK. But what is the benefit for Anglo?’

Eight months into her new role as CFO at Gunvor, TXF spoke with Muriel Schwab, the first ever woman to fill these shoes at the energy trader, to discuss where the company’s funding strategies will take its trading ventures in 2020.

A recent UK court judgement has finally provided clarity for businesses operating globally around how to manage US sanctions risk contractually, including risks arising from secondary sanctions. But whether this ruling blunts the potency of the US’ sanctions in the UK remains to be seen.

TXF spoke with Marcus Miller, leader of Marsh's global lenders solution group to discuss the broker's recent merger with JLT, as well as the health of the credit and political risk insurance (CPRI) market.