Commodity Finance

Commodity finance comprises two key products. The first is commodity-linked loans in the agriculture, oil and gas and mining industries where the lender has the future production or reserves of the commodity as security. These types of deal can be reserves-based loans, pre-export facilities, prepayment facilities, or even streaming, royalty-based loans and factoring. The second are very large unsecured term loan and revolving credit facilities provided annually by commercial banks to the major commodity trading houses and producers – Glencore, Gunvor, Trafigura, Vitol, ADM, Bunge and Castleton for example. These loans, effectively working capital facilities, also enable the major traders to provide loans to commodity producers that lack liquidity, thus ensuring security of commodity supplies and additional profits from that lending due to the arbitrage between the cost of debt for the major traders and what they can on-lend at.

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Legacy Resources gets lender agreement for debt restructuring
14 June 2019

Canadian oil storage rates balloon on back of too little pipeline capacity
14 June 2019

Exol puts in bid for bankrupt SAMIR refinery
14 June 2019

Carmichael coal mine gets final approvals
13 June 2019

Capital Alliance adds to oil & gas team
13 June 2019

Glencore selling Chad oil assets
13 June 2019

PGNiG expands LNG offtake with Venture Global LNG
13 June 2019

Gunvor and Commonwealth LNG agree offtake contract
13 June 2019

Sigma gets licenses for lithium production project

Metalloinvest signs take-or-pay with Ultramar
12 June 2019

PLL tenders 10-year LNG supply contract

Wellard looking to cut debt

Norway's sovereign wealth fund to dump fossil fuel-linked investments
12 June 2019

Enoc taps Chinese banks for corporate loan
12 June 2019

Ghana Exim supports shea value chain
12 June 2019

Stornoway Diamond raises bridge loan

New Greenpeace report should worry agri-traders
12 June 2019

Trafigura posts 92% six-month net profit increase
12 June 2019

Libra makes FID on Mero 2
11 June 2019

Bahrain to allow foreign companies 100% ownership of oil and gas projects

Emmerson to receive debt financing up to $230m
10 June 2019

Russia's Rusal prepares for Panda bond, project finance for new smelter
10 June 2019

Lydian president and CEO Joao Carrelo to resign

Cuda reaches financial milestone for Powder River Basin project
10 June 2019

Sasol signs $1.8bn senior credit facilities
10 June 2019

New Zealand wind farm to sound out banks
7 June 2019

Saipem wins JV contract for Mozambique LNG project
7 June 2019

Petrobras, Brazil government dodge bullet as Supreme Court approves asset sales
7 June 2019

KEFI Minerals: Ethiopian bank approves Tulu Kapi finance deal
6 June 2019

Angola kicks off six-year licensing cycle with 10 high-potential blocks
6 June 2019

IFC invests $60m in Iluka's Sierra Rutile project
6 June 2019

Dentons Boekel: Jacqueline Bell new partner Banking & Finance in Amsterdam
6 June 2019

Thor Explorations signs EPC contract for Segilola gold project
6 June 2019

Trump Mexico tariff threat won’t slow Koch’s US fuel imports
6 June 2019

Pembridge Resources buys Minto Explorations from Capstone

Auramet reprises 2018 RCF debut
5 June 2019

McCarthy Denning hires partner Nicolas Bonnefoy to energy team
5 June 2019

Metalloinvest improves terms on PXF
5 June 2019

New chairman joins Dolphin Drilling following entire management dismissal

Vitol sees OPEC+ extending production cuts
4 June 2019

Resgen thermal coal project Boikarabelo gets crucial jumpstart as second lender commits
4 June 2019

Rustin Brown joins Kirkland & Ellis energy and infrastructure team
4 June 2019

Trinidad Petroleum gets $720m loan deal
4 June 2019

BP sells Gulf of Suez oil blocks in Egypt to Dragon Oil

Crédit Agricole CIB announces two hires to Structured Commodity Finance team
3 June 2019

Nina Howell joins Bracewell’s London energy team
3 June 2019

Total takes on Toshiba's US LNG business after Chinese buyer pulls out
3 June 2019

Glencore head of oil Alex Beard retires amid US probes
3 June 2019

Canadian Natural to buy Devon assets in C$3.8bn deal
3 June 2019

Guinea mining: DFI/ECA-backed loan boosts bauxite mine project
Guinea mining: DFI/ECA-backed loan boosts bauxite mine project
Aife Howse
3 June 2019

DFI loans and a direct loan from Canada’s EDC have enabled commercial banks to push the tenor on Guinea Alumina Corporation’s greenfield mining project financing.