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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Mozambique LNG pushing toward financial close
18 February 2020

BPL Global publishes latest Market Insight report
18 February 2020

Changes at the helm at Citi: Ahearn retires, Pakcan steps up
18 February 2020

EBRD announces improvement to climate governance
18 February 2020

ADNOC awards deals worth $1.65bn to Petrofac
18 February 2020

HSBC signals 35,000 job cuts as profits plunge
18 February 2020

Oil India sounding out $225m loan
18 February 2020

Iron ore prices boost BHP half-year profit to $5.19bn
18 February 2020

OZ Minerals reports drop in revenues and profits
18 February 2020

Glencore posts first annual loss in four years as impairments bite
18 February 2020

Ultra Petroleum announces borrowing base reduction
18 February 2020

ING selects Tradeteq to distribute commodity trade finance exposure
18 February 2020

Banks mandated for ONGC Videsh’s $1bn loan
17 February 2020

Qatar delays partnerships for LNG expansion
17 February 2020

Rio Tinto approves Koodaideri mine solar project
17 February 2020

Rio Tinto in trouble over Oyu Tolgoi again
17 February 2020

Sylvania Platinum: McConnachie to retire as CEO
17 February 2020

Resgen seeking shareholder approval for Boikarabelo mine funding
17 February 2020

Oil traders rent South Korean storage after virus hits China demand
17 February 2020

Barrick’s $430m Massawa sale to Teranga approved by Senegal
17 February 2020

Anglo American Platinum CEO Chris Griffith to resign
17 February 2020

EuroChem agrees $94m export loan facility with Roseximbank
14 February 2020

Sirius Minerals fails to find financial support, recommends Anglo bid
14 February 2020

Woodside holds on to stake in Senegal oil field as FAR challenge fails
14 February 2020

OZ Minerals and Cassini complete West Musgrave feasibility study
14 February 2020

Aton Resources receives gold mining licence in Egypt
14 February 2020

Trafigura in talks with Congo over financing cobalt buyer
14 February 2020

EIB and Greek banks unveil €560m agriculture investment scheme
14 February 2020

Are REITs the solution for pipeline and storage projects?
13 February 2020

BHP approves Scarborough gas project feasibility study
13 February 2020

Kosmos signs Greater Tortue Ahmeyim LNG supply deal with BP
13 February 2020

South32 half-year profits slump 80%
13 February 2020

Barrick beats forecasts, hikes dividend by 40%
13 February 2020

Souring energy loans wipe out ABN Amro's profit growth
13 February 2020

Gatti Pavesi Bianch makes energy, infrastructure hire
13 February 2020

Premier Oil creditors back new debt structure
13 February 2020

Scorpio agrees sale and leaseback deal for three vessels
13 February 2020

Bahrain Steel to improve pricing on $400m refi
12 February 2020

Bunge quarterly profit beats estimates on higher margins
12 February 2020

EKN: On exporting Sweden’s fossil free energy future
EKN: On exporting Sweden’s fossil free energy future
Katharine Morton
12 February 2020

It was unseasonably warm for Stockholm in February at EKN’s annual seminar. TXF was in Sweden to hear about the opportunities to finance the transition to carbon zero. Apparently, no more Nobel prizes need be awarded for some of the technology to make it happen. The financing is a different question.

US issues four LNG export approvals in Texas
12 February 2020

Vale loses spot as world's top iron ore producer to Rio Tinto
12 February 2020

BP sets net-zero carbon target for 2050
12 February 2020

Newcrest, Harmony to resume permitting talks for PNG project
12 February 2020

Trilogy Metals forms JV Ambler Metals with South32
12 February 2020

Wikborg Rein hires new shipping and offshore partners
11 February 2020

Vicentin turns to courts for debt restructuring
11 February 2020

Traders consider oil storage at sea as virus slows demand
11 February 2020

AngloGold picks harmony to buy South African assets
11 February 2020

Oil sinks to lowest in a year as OPEC dithers on output cut
11 February 2020