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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Results found: 7886
Total eyes Papua LNG FID in 2023 as project teams remobilise
7 May 2021

Marathon Gold provides update on Valentine project
7 May 2021

Baker Botts appoints corporate partner Doug Getten
7 May 2021

AngloGold extends $20m loan to Corvus for Nevada projects
7 May 2021

Pipestone Energy renews $225m reserve based loan
7 May 2021

Petrobras 'reopens bidding for Golfinho oilfields'
7 May 2021

Arafura receives ECA support for Nolans project financing

Calfee, Halter & Griswold hires energy partner
7 May 2021

Ganfeng agrees takeover of Bacanora in $264.5m deal
7 May 2021

Regis Resources & IGO finalise Tropicana stake deal

BSTDB loan supports Romania’s Ana and Doina gas fields projects
6 May 2021

Trade digitisation: Testing the secret sauce
Trade digitisation: Testing the secret sauce
Katharine Morton
6 May 2021

Has the secret sauce to trade digitisation been discovered in MLETR and is it something that will get over a decade of industry fatigue on the subject? Will the trade industry be able to get the sauce out of the bottle, will everyone like the same sauce, will they need to?

Lucara Diamond seals credit approved $220m package for Karowe Mine expansion
6 May 2021

Noreco closes $1.1bn RBL facility
6 May 2021

Gupta's GFG Alliance agrees terms to refinance Australian unit
6 May 2021

McCarthy Denning adds four to international energy team

Centamin awards contracts for Sukari mine solar project
6 May 2021

Black Cat raises cash for Kal East gold project
6 May 2021

ArcelorMittal amends $5.5bn RCF to include sustainability link
6 May 2021

Vast appoints Romanian country manager
6 May 2021

UK banks’ support for coal industry has risen since 2015 Paris climate pact
6 May 2021

Trafigura Investment secures inventory loan
5 May 2021

Orion Minerals extends repayment debt to AASMF loan
5 May 2021

Bunge more than triples its first-quarter profit
5 May 2021

Chile’s Pampa Camarones copper mine is up for sale
5 May 2021

Petrobras to offer natural gas contracts tied to US benchmark
5 May 2021

Contango seals expansion of senior credit facility
5 May 2021

NorZinc names Rohan Hazelton as new CEO
5 May 2021

TCFD in export finance: Does one size fit all?
TCFD in export finance: Does one size fit all?
Jack Colyer
4 May 2021

Born out of the concern that financial institutions were not adequately accounting for their exposure to climate-related risks, TCFD has targeted industry-wide adoption, however many in the export finance sector remain ambivalent. So, where does TCFD stand, and what needs to be done to overcome industry inertia?

AAA Oils out to banks for downsized annual term loan
4 May 2021

Strandline Resources reaches FID on Coburn project
4 May 2021

Coronado launches major refinancing package
4 May 2021

AGL Energy scraps LNG import project after Australian state rejects plan
4 May 2021

StanChart executes first ESG-linked derivative with Trafigura
4 May 2021

Clifford Chance appoints Olamide Oladosu to partner
4 May 2021

Freepoint Commodities renews RCF at $2.63bn
4 May 2021

Shop talk: Shoot for the Pole Star
Shop talk: Shoot for the Pole Star
Aife Howse
4 May 2021

TXF spoke to Julian Longson, CEO at Pole Star, amid a period of progression for the maritime tech and regulatory compliance firm following a significant growth investment from Wavecrest Growth Partners and Abry Partners. Pole Star will not just be boosting sales and hiring, but is also extending its PurpleTRAC solution to integrate ESG compliance into its model, amongst other product developments.

LTR event will discuss SMEs search for financing
4 May 2021

Chevron profit shrinks due to effects of pandemic, storm Uri
4 May 2021

Saudi Aramco beats quarterly profit forecast, maintains dividend
4 May 2021

MENA energy investments to exceed $805bn over next 5 years, says APICORP
4 May 2021

American Lithium closes $15m placement, appoints new CEO

Acron extends PXF facility for two more years
30 April 2021

Wikborg Rein hires global trade lawyer Eleanor Midwinter as a partner
30 April 2021

Arctic LNG 2 partners sign 20-year LNG purchase deals
30 April 2021

Eagle Mountain takes full ownership of Oracle Ridge
30 April 2021

Empress funds silver stream on Tahuehueto Project
30 April 2021

Santos seals sale of Bayu-Undan, Darwin stakes to SK E&S
30 April 2021

NRF appoints new corporate, banking and finance heads
30 April 2021

Greensill collapse could cost UK taxpayer up to £5bn
29 April 2021