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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DCX and essDOCS partner to expand digital trade uptake
21 September 2021

Louis Dreyfus Company profit soars to $336m
21 September 2021

Petrobras commits to carbon neutrality
21 September 2021

Barrick takes option on Red Lake, Ontario project
21 September 2021

Vista strikes deal for 50% of Aguada Federal and Bandurria Norte
21 September 2021

Earthstone Energy increases borrowing base to $650m
21 September 2021

Sibanye-Stillwater increases ownership of Keliber Oy
21 September 2021

Singapore custodies former Agritrade CFO with cheating
20 September 2021

Ex-BP oil trader alleged he was fired over Nigeria bribe concerns
20 September 2021

Australia approves divisive coal mine expansion
20 September 2021

Nigeria LNG fully transitions new CEO
20 September 2021

ADC Energy wins rig inspection contract
20 September 2021

LBMA suspends Kyrgyz gold refinery over responsible sourcing failures
20 September 2021

Equinor permitted to up gas output
20 September 2021

White Oak buys Finacity
20 September 2021

Gunvor planning a return to the bond market
20 September 2021

Cargill backs sustainable agriculture scheme
20 September 2021

Trafigura raises $400m US dollar perpetual subordinated bond
17 September 2021

Allen & Overy expands Johannesburg banking and projects practices
17 September 2021

Brazil's $1bn GNA I power project gets commercial operation green light
17 September 2021

Citi boosts global commodities team with Moorooven
17 September 2021

FirstRand stops funding new coal plants
17 September 2021

Shell reaches FID on one of Europe’s biggest biofuels facilities
17 September 2021

CMS boosts project finance team in Warsaw
17 September 2021

Nigeria's Dangote in talks with traders for oil refinery loan
17 September 2021

ATI makes new appointments
16 September 2021

Olam: Revamping and showing resilience
Olam: Revamping and showing resilience
Aife Howse
16 September 2021

Following its reorganisation last year, Olam has secured a massive $5.2 billion across three separate facilities to set its new operating groups in motion. With agri named the most resilient sector in TXF’s Global Commodity Trade Industry Report 2021, we take a look at part of the integral role Olam plays here

Whitehaven Coal’s Vickery mine given green light
16 September 2021

Illinois first Midwest state to ban coal, fossil fuel electricity sources
16 September 2021

Travis Counts joins Bracewell’s oil and gas team
16 September 2021

US to co-sponsor OECD proposal to end unabated coal power export financing
16 September 2021

Sibanye Stillwater buys half of ioneer's Nevada lithium project in $490m deal
16 September 2021

Grupo Mexico, Hudbay vie for $2bn Spanish miner
16 September 2021

Mexico's Pemex cancels several Vitol contracts after graft scandal
16 September 2021

Lundin says carbon neutrality accelerated to 2023
15 September 2021

Carbon pricing: five things to know
15 September 2021

Getting real with physical commodities
Getting real with physical commodities
Jonathan Bell
15 September 2021

It has been a long time and much has happened since we held our last physical global commodities event. But come 7-8 October we are back in Geneva and addressing the realities of the commodity finance market today in our hybrid event.

Danish energy trader files for bankruptcy as turmoil bites
15 September 2021

Petrobras signs landmark gas supply deal with Gerdau
15 September 2021

Hydrogenious raises €50m to scale, commercialise hydrogen storage tech
15 September 2021

Teck Resources 'considers sale, spinoff of $8bn coal unit'
15 September 2021

Dotzenrath to lead BP's gas & low carbon energy business
14 September 2021

Ithaca 'to buy Marubeni's North Sea assets for $1bn'
14 September 2021

INPEX to supply TOHO GAS with carbon-neutral LNG
14 September 2021

Vulcan sets sights on A$220m raise
14 September 2021

ITFC to give $600m for Pakistan commodity financing
14 September 2021

Petronas, ENEOS sign hydrogen supply chain MoU
14 September 2021

Credit Suisse 'loses lead role on Olam Food London IPO'
13 September 2021

Horizonte Minerals seals ECA approval for Araguaia project
13 September 2021

Statkraft signs new, extended power contract with Boliden
13 September 2021