TXF Americas 2020
The fun in the sun returns! Bringing all key players together for two days of networking, we explore case studies of the latest deals and examine the next hot opportunities across the region.
Chevron Global Energy, a subsidiary of oil major Chevron, has sold its interest in a producing oil concession in southern Chad and the related export pipeline interests to the Chad government for approximately $1.3 billion. In a unique deal, the sale to the has been organised through trading company Glencore.
Tullow Oil has refinanced its NOK2 billion ($330 million) Norwegian exploration revolving credit facility (RCF), and at the same time it has successfully increased the size of the facility to NOK3 billion ($500 million). The maturity date has also been extended, providing availability to the end of 2017 – thus giving a tenor of 3.5 years.
The US Overseas Private Investment Corporation (OPIC) and the Multilateral Investment Guarantee Agency (MIGA) have combined to provide a $350 million political risk facility to support agribusiness investments in countries throughout sub-Saharan Africa.
TXF talks to Jean-Francois Lambert, Managing Director, Global Head of Commodity and Structure Finance, HSBC, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.
TXF talks to Kris van Broekhoven, Global Head of Commodity Trade Finance at Citi, at the inaugural TXF Natural Resources and Commodities Finance Conference in Amsterdam.
Energy trading company Vitol has closed its $2.05 billion loan to fund the acquisition of the downstream businesses of Shell Australia (excluding aviation).
Pan-African Ecobank has today signed a memorandum with eleni LLC, the leading proponent and developer of commodity exchanges in Africa, with a view to establishing a cooperative framework to promote and accelerate the development of Africa’s agriculture and associated financing.
A new banking group with four German banks on board has won the mandate for this year’s annual pre-export financing (PXF) for the Ghana Cocoa Board (Cocobod).
Belgian-incorporated metals and mining company Nyrstar has signed a binding agreement for the final funding and support package for the redevelopment of the Port Pirie zinc smelter into an advanced metals recovery and refining facility with the South Australian government and Australia’s export credit agency EFIC.
National Bank of Fujairah (NBF) has launched its structured trade commodity financing (STCF) programme, as a means to be a one-stop solution for the cross-border commodity trading requirements of companies across the UAE.
Commodity producers, traders and financiers gathered in Amsterdam last week for TXF's inaugural Natural Resources & Commodities Finance conference. Held at the Beurs van Berlage, the country's former agri-commodity exchange, the event featured constructive debate on some of the key themes in the industry today, from risk in Russia to the ramifications of regulation.
Jamaica’s first digital agricultural clearing house using SMS to Web technology will launch in August, connecting small farmers with buyers.
First Quantum Minerals has closed the syndication of its $2.5 billion five-year term loan and revolving facility, which was increased to $3 billion through oversubscription. This is the finalisation of the debt package reported in TXF News 16 April 2014 and 28 January 2014.
Commodity trader Trafigura has published a whitepaper analysing the economics of commodity trading firms.
As part of the TXF Commodity Finance Series, TXF is happy to present its May 2014 Natural Resources and Commodities Finance Special Report.
It is now over a year since it became apparent that a major coffee rust outbreak was developing over a wide area of Latin America, ranging from Mexico in the north, to Peru in the south and east as far as the Dominican Republic. Recent workshops and conferences have been reviewing what happened and discussing what to do about it. Here, we try to summarise what is so far understood, concentrating on Central America and Colombia, from where we have the most data.
The LME aluminium price has certainly not been encouraging. In this negative climate, what Rusal has managed to achieve through production cuts, how the company is handling its debt ratio and what is planned to further reduce production costs – are some of the issues addressed here by Rusal’s CFO, Alexandra Bouriko.
Jonathan Bell talks with Andrew Voysey, director, finance sector platforms, University of Cambridge Institute for Sustainability Leadership (CISL), about the Banking Environment Initiative and the drive for sustainability in soft commodity financing and trading.
Jonathan Bell presents a case study where a Vietnamese commodity trader – VinaCommodities – secured a bespoke cross-border financing solution that allowed the company to address their onshore borrowing needs, working capital cycle and develop their base to expand further.
China has, and continues to be the leading light as the global end-user of raw commodities. It is the key player. Now in the agri sector China is revealing the country’s urgency in securing further control of the trading in agri-commodities. Jonathan Bell examines recent developments.
Jonathan Bell talks with Paul Cohen Dumani, general manager of MIT, about the company’s highly successful commodity finance collateral management software system for banks – TRAC.