TXF in depth

Big questions surround future of mining in DRC
Big questions surround future of mining in DRC
Jonathan Bell
21 August 2019

Glencore’s decision to temporarily mothball the world’s largest cobalt mine in the DRC raises many questions about the state of mining in the central African country. Jonathan Bell examines the reasons behind the decision and assesses what the future could hold for both the country and Glencore.

TXF Commodities Amsterdam 2019: Amsterdam Trade Bank on the ripple effect of pricing
TXF Commodities Amsterdam 2019: Amsterdam Trade Bank on the ripple effect of pricing
Aife Howse
1 August 2019

On day one of TXF Amsterdam, Harris Antoniou, CEO at Amsterdam Trade Bank, talks about building an efficient transaction cycle, the ripple effect of pricing and how emission reduction targets are impacting trade.

China’s Cofco ups the ante with sustainability-linked loan
China’s Cofco ups the ante with sustainability-linked loan
Jonathan Bell
24 July 2019

Cofco has signed the largest loan for an agri trading company yet which is linked to sustainability elements. Jonathan Bell examines this growing trend within agri-finance and importantly, how the Chinese trader is helping to push for increased traceability of soy beans.

TXF Originals

Seplat raises bridging debt for Eland acquisition
17 October 2019

Nigerian independent oil and gas group Seplat Petroleum Development is to finance part of its £382 million ($491.3 million) cash offer for Eland...

Channel Capital adds to trade finance investment team
14 October 2019

Pouya Jafari, previously a credit analyst at Wells Fargo, has joined UK-based asset manager Channel Capital Advisors as a trade finance-focused associ...

ChemChina to restructure $5.5bn facility
11 October 2019

State-owned China National Chemical Corp (ChemChina) is poised to establish a new firm in Hong Kong. ChemChina sought banks approval on September 11 t...

CSP signs $1.05bn ECA-backed loan for Brazil steel plant
8 October 2019

Brazilian steel producer Companhia Siderurgica do Pecem (CSP) has signed a $1.05 billion K-sure/Kexim-backed buyer credit facility to finance a new st...

MCC out to banks for debut offshore loan
4 October 2019

State-owned Metallurgical Corporation of China (MCC), via its subsidiary MCC Ramu NiCo, is testing bank appetite for its debut offshore loan to financ...

TXF Data

Commodity Trade Finance Lender H1 2019

Bank USDm No %
1 ING Bank 6216m 53 6.4%
2 BNP Paribas 6042m 43 6.2%
3 Societe Generale 5962m 49 6.1%
4 Natixis 4092m 42 4.2%
5 ABN AMRO 3581m 28 3.7%
6 MUFG Bank 3562m 28 3.6%
7 Citi 3453m 21 3.5%
8 Credit Agricole CIB 3199m 34 3.3%
9 Standard Chartered 2819m 23 2.9%
10 Rabobank 2773m 32 2.8%

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