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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Aura Resources to acquire Territory Metals
5 June 2020

Guinea approves SMB-Winning deal for Simandou iron mine blocks
5 June 2020

Rosneft 'replaces sanctioned trading arm with Geneva business'
5 June 2020

SolGold boosts takeover defenses with $20m fundraising
5 June 2020

Hard-hit Canadian oil companies still waiting for Trudeau loans
5 June 2020

Petrobras begins process to sell minority stakes in five power plants
5 June 2020

The OPEC Fund and TDB sign $50m risk-sharing deal
5 June 2020

Komgo appoints Van Broekhoven as CFO
4 June 2020

Cilloniz Valincia & Eyzaguirre add new partner
4 June 2020

Zhongyu Gas sounds out $300m refi
4 June 2020

Shell weighs sale of $2bn-plus stake in Queensland LNG facilities
4 June 2020

Saudi Arabia, Russia agree oil cuts extension
4 June 2020

Belgium expands probe into zinc miner Nyrstar
4 June 2020

Hunton Andrews Kurth hires energy and infrastructure trio
4 June 2020

SQM, Teck leave Revelo’s copper projects in Chile
4 June 2020

Replacing world’s costliest 500GW of coal with solar and wind would shave $23bn off system costs
3 June 2020

Kazakhstan sells 6.27% stake in uranium miner for $206m
3 June 2020

Altona to buy stake in Chambe rare earths project
3 June 2020

Kelt announces extension of borrowing base determination
3 June 2020

Rusal completes ruble bond placement with record low coupon rate
3 June 2020

Glencore’s Hayward reappointed despite criticism over green credentials
3 June 2020

Troilus raises C$22m in upsized offering
3 June 2020

More oil and gas assets up for grabs due to COVID-19, Rystad says
3 June 2020

Vitol joins with GTI Statia to operate marine fuels business
3 June 2020

Trafigura's PASH Global to build hybrid plant on Saint Helena island
2 June 2020

FMO, Rabobank agree Agrocorp’s first borrowing base facility
2 June 2020

Katoro Gold JV gets 'significant' funding interest for Blyvoor project
2 June 2020

Osisko Mining raises C$150m in private placement
2 June 2020

Iamgold buys Monarch’s Fayolle deposit for $11.5m

BP Southern Africa hires Taelo Mojapelo as new CEO
2 June 2020

Magnis Energy to raise $1.5m for Nachu Graphite Project

Gran Tierra Energy sees borrowing base cut to $225m
2 June 2020

Saudi Arabia may raise July oil prices to Asia
2 June 2020

Metalloinvest prices its RUB5bn bond
2 June 2020

Abbas Husain lands Head of Corporate Finance role at Standard Chartered
2 June 2020

Bonterra Energy extends borrowing base redetermination date
2 June 2020

Squire Patton Boggs hires Global Corporate Practice partner Brian Gordon
1 June 2020

Beach Energy hires Ian Grant as COO
1 June 2020

Qatar Petroleum inks $19bn South Korean LNG shipbuilding deal
1 June 2020

InPlay Oil extends annual borrowing base redetermination
1 June 2020

Louisiana LNG project lands new buyer after second deal falls through
1 June 2020

Falcon Group appoints John Ahearn to top role
1 June 2020

O3 raising C$35m for Quebec exploration
1 June 2020

Squire Patton Boggs hires 6 to Commodities and Shipping Group
1 June 2020

Trevali issues update on reduced RCF
1 June 2020

Solaris Resources raises C$20m
1 June 2020

Zambia's CEC to discontinue power supply to Konkola Copper Mines
1 June 2020

Trafigura investigated for alleged corruption, market manipulation
1 June 2020

Morgan Stanley not given advisory role on Aramco pipeline sale
29 May 2020

Eight firms bid to oversee €290m Cyprus LNG project
29 May 2020