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: 8868
Royal Vopak names Dick Richelle as new CEO
22 October 2021

OPEC Fund signs agricultural integration loans with Benin, Togo
22 October 2021

Asia Broadband signs Tequila gold project deal
22 October 2021

Altus to combine with Blackstone-backed BCP Raptor
22 October 2021

PetroEcuador awards fuel oil, mulls diesel bids
22 October 2021

Consolidated Zinc signs 100% offtake deal for Plomosas project
22 October 2021

US 'slows down oil and gas mergers'
22 October 2021

Regal raises $90m for resources fund
22 October 2021

Oil refinery woes raise concern in Westminster over financial backers
22 October 2021

Zimbabwe Power's coal-fired units ready in 2022
21 October 2021

Santos won’t solve the problem of Barossa LNG with CCS, says report
21 October 2021

Oil and coal-rich countries 'lobbying to weaken UN climate report'
21 October 2021

Teck Resources signs $4bn sustainable RCF
21 October 2021

US plan would block Antofagasta Minnesota copper mine
21 October 2021

Sinopec signs huge LNG deals with Venture Global
21 October 2021

Exxon Mobil board mulls scrapping Vietnam, Mozambique projects
21 October 2021

Allegiance raises A$30m for Alabama mine buy
21 October 2021

Trafigura says it and other traders ordered LME copper withdrawals
21 October 2021

Rio Tinto reveals $7.5bn spend to halve carbon emissions by 2030
20 October 2021

Intesa Sanpaolo may fund Novatek Arctic LNG project
20 October 2021

Wyloo Metals beats BHP In bidding war for Canada’s Noront
20 October 2021

ITFC signs €100m deal with SENELEC
20 October 2021

Gulfport Energy increases liquidity with facility amendment
20 October 2021

Campos Mello Advogados boosts oil & gas, maritime team
20 October 2021

Hochschild Mining unveils Aclara Resources demerger plan
20 October 2021

Riley Permian increases borrowing base
20 October 2021

ESG: Social gets some airtime in commodities
ESG: Social gets some airtime in commodities
Aife Howse
20 October 2021

ESG was at the forefront of the discussion at the TXF Global Commodities event in Geneva. But it wasn’t just climate change and carbon neutrality on people’s minds. The ‘S’ portion of ESG is typically less focused on in the commodities world, despite having interesting implications for portfolio risk, and is gaining prominence.

De Grey sets sights on A$125m raising for Mallina project
20 October 2021

Malaysia’s Petronas requests more LNG cancellations
20 October 2021

Apical signs first sustainability-linked loan facilities of $750m
19 October 2021

South Star Battery Metals increases non-brokered private placement
19 October 2021

Ecoslops and Mercuria Energy announce strategic partnership
19 October 2021

ABP exits Glencore investment over human rights concerns
19 October 2021

Goldman promotes Friedland
19 October 2021

The trade credit village just got smaller. Does the Zurich exit matter?
The trade credit village just got smaller. Does the Zurich exit matter?
Katharine Morton
19 October 2021

Departures from parts of the trade credit and CPRI market – in particular by Zurich and QBE – have raised eyebrows as reduced capacity could make it harder for banks to secure a programme with a single insurer. What will be the impact, and can improved harmonisation of Basel-compliant documentation help bolster capacity?

Vitol to acquire minority stake in Waga Energy
19 October 2021

Nordgold secures second ESG-linked RCF
19 October 2021

REEtec wants more rare earths from Vital's Canadian plant
19 October 2021

Nickel Mines inks limonite offtake
19 October 2021

Eldorado Gold signs new senior secured credit facility
19 October 2021

AngloGold offers up notes in refinancing effort
19 October 2021

ONGC Videsh asks Iran to share details of Farzad-B gas field contract
18 October 2021

PNG government and Barrick sign commencement agreement for Porgera mine
18 October 2021

Sri Lanka seeks $500 million loan from India for fuel purchase
18 October 2021

Glencore reopens talks with Chad to restructure $1 billion loan
18 October 2021

APM Terminals appoints Rashidbeigi as new head of decarbonisation
18 October 2021

Saudi launches dry gas network tender
18 October 2021

Renergen announces forward-sale helium agreement to commence helium spot market
18 October 2021

EBRD acquires minority stake in Enefit Green
18 October 2021

Metalloinvest to build second ball rolling facility at OEMK
15 October 2021