TXF in depth

Anglo American: The light at the end of Sirius’ funding pit?
Anglo American: The light at the end of Sirius’ funding pit?
Oliver Gordon
20 January 2020

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?’

Shop talk: Sustainability strategies with Gunvor’s first female CFO
Shop talk: Sustainability strategies with Gunvor’s first female CFO
Aife Howse
7 January 2020

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.

Lamesa: A path through the US sanctions maze?
Lamesa: A path through the US sanctions maze?
Leigh Hansson
6 January 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 Originals

Colombian Pacific coast LNG regas scheme tender shapes up
27 February 2020

Colombia’s Mines and Energy Planning Unit (UPME) are expected to launch the procurement process for the Pacifico Colombiano LNG regasification p...

Torm closes $386m partial refi and newbuild facility
26 February 2020

Denmark-based oil shipper Torm, a subsidiary of Oaktree Capital, has closed a $386 million facility comprising part refinancing of a $177 million loan...

Norilsk Nickel upsizes and extends term loan
26 February 2020

Russian metals producer Norilsk Nickel refinanced its $2.5 billion term loan on 21 February. The deal was upsized and extended to a five-year $4.15 bi...

RBC to launch refi of $767m facility next month
21 February 2020

RBC is due to launch the refinancing of a $767 million seven-year loan to back London-based North Sea Midstream Partners. Kuwait’s Wren House bo...

Mozambique LNG pushing toward financial close
18 February 2020

Arrangers on the Mozambique LNG project are pushing to reach financial close before April 2020. If negotiations go past this point the backstop guaran...

TXF Data

Commodity Trade Finance Lender H1 2020

Bank USDm No %
1 JP Morgan 270m 2 9%
2 ING Bank 215m 3 7.2%
3 UniCredit 215m 3 7.2%
4 Standard Chartered 150m 1 5%
5 Mashreq Bank 150m 1 5%
6 Commercial Bank of Dubai 150m 1 5%
7 Société Générale 122m 2 4.1%
8 Rabobank 122m 2 4.1%
9 Credit Suisse 122m 2 4.1%
10 ABN AMRO 122m 2 4.1%

TXF Podcast

Song of the day

Neil Young
Harvest Moon
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