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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A&O advises on breakthrough blockchain commodity trading platform Forcefield
20 May 2019

Vitol and Unipec try to ship dirty Russian crude to Asia
20 May 2019

Pacific Basin closes new $115m secured revolving credit facility
20 May 2019

ABN Amro to launch blockchain and IoT platform for trade inventories
20 May 2019

Venezuela sells $570m from gold reserve despite sanctions
20 May 2019

Amplats considers sale of Twickenham and Bokoni mines in South Africa
20 May 2019

Oil traders begin slow work of cleaning tainted Russian cargoes
17 May 2019

Acron extends PXF facility for two years
17 May 2019

Kenya Tea Development raises fertiliser debt facility
17 May 2019

EBRD considering reserves-based loan for Midia Gas
17 May 2019

Rothschild drops Carmichael advisory mandate
17 May 2019

New Bunge CEO looks to downsize company before growing again
16 May 2019

Lithium Americas announces change of CEO as Tom Hodgson
16 May 2019

Ivanhoe mines seals financing for first mines in DR Congo
16 May 2019

Sundance Energy Australia: Borrowing base raised to US$170m
16 May 2019

Seaspan announces closing of $1bn portfolio financing program
16 May 2019

PEMEX gets record $8bn loan in bid to reassure investors
15 May 2019

Australia's St Barbara to acquire Atlantic Gold for US$536m
15 May 2019

DMCC Tradeflow signs MoU with TradeAssets to mitigate risk of online transactions
15 May 2019

Congo Republic and Trafigura agree to restructure oil loans
15 May 2019

Barrick Gold "prepping sale of Zambian copper mine"
15 May 2019

Transocean announces RCF increase to $1.36bn

Sempra Energy celebrates operational milestones at Cameron LNG
15 May 2019

Moody’s upgrades Glencore on ability to weather volatile commodity markets
14 May 2019

BPL Global recruits Donnie DiCarlo to bolster US presence
14 May 2019

Olam sees profit rise 6.9% to S$168.9m
14 May 2019

Eldorado Gold announces new US$450m credit facility
14 May 2019

UC Rusal sees revenue fall 21% to $2.17bn as aluminium price drops
14 May 2019

Guy Laliberté is new CEO of Sayona Québec

Pembroke Resources wins approval for $700m coking coal mine
14 May 2019

Hogan Lovells mining team heads to Eversheds

India, Mongolia to sign deal to build $1.25bn petrochemical unit
13 May 2019

Sempra Energy names George Bilicic as Group President
13 May 2019

Anadarko seals Mozambique gas deal with Jera and CPC Corporation

Kore inks deal to develop California gold project
13 May 2019

London Metal Exchange: Gay Evans elected to Chairman of the Board
13 May 2019

China plans overhaul of state agriculture giants
13 May 2019

Brazil's Bradesco signs up to Marco Polo trade finance network
13 May 2019

Brazil's Vale swings to loss as dam burst charges near $5bn
10 May 2019

Coffee trader Mercon receives $450m credit line for sustainability
10 May 2019

Australia's Aurelia Metals scraps talks to buy Glencore's CSA mine
10 May 2019

Investors raise concerns as AMLO hands refinery project to Pemex
10 May 2019

Prospect Resources cancels $10m facility
10 May 2019

Rio Tinto shipping more aluminum to Europe as US demand slows
10 May 2019

Gold Fields raises $1bn in two new bonds
9 May 2019

Potash supplier K+S renews syndicated credit facility early
9 May 2019

Barrick Gold to sell $1.5bn in assets but open to acquisitions
9 May 2019

Teekay Offshore secures ECA financing for 4 new shuttle tankers
9 May 2019

Fintech on the rise in Africa
9 May 2019

Ashurst boosts Middle East oil and gas capabilities
8 May 2019