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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ADM CEO says time is wrong for 'monster' acquisitions
17 January 2019

Hudbay investor seeks to replace CEO and most of its board
17 January 2019

Brazil's solicitor general overturns a legal bar to Petrobras TAG sale
17 January 2019

South32 reshuffles its leadership team
17 January 2019

BNP Paribas to close US commodities trading desk
16 January 2019

Oleg Deripaska's En+ Group won't get sanctions breather
16 January 2019

MineHub Technologies works with IBM on mining supply chain blockchain solution
16 January 2019

Southern Gas Corridor nears close on $1.5bn UFK-backed loan amid delays
16 January 2019

Mirasol appoints Norman Pitcher as president and CEO
16 January 2019

IAMGOLD enters into $170m gold prepay arrangement
16 January 2019

Iberdrola uses blockchain to guarantee 100% renewable energy supply
15 January 2019

Halliburton appoints Mark Richard as Western Hemisphere president
15 January 2019

Petrobras wants to operate three blocks in sixth pre-salt auction
15 January 2019

GoldQuest Mining appoints Massola as CEO
15 January 2019

Newmont to merge with Goldcorp in $10bn transaction
14 January 2019

Trafigura refuses to hand over emails in Brazil bribery case
14 January 2019

Assala Energy to sign $500m RBL imminently
14 January 2019

Eni, Thailand's PTTEP win Abu Dhabi oil exploration rights
14 January 2019

Canada's first geothermal power facility announced
14 January 2019

Bunge names Brian Zachman President of Global Risk Management
14 January 2019

ADM adds citrus capabilities to flavour portfolio with Florida Chemical Company deal
11 January 2019
ADM

Mexico hedges 2019 oil at $55 per barrel
11 January 2019

Tin prices rise amid regulatory changes in Indonesia
11 January 2019

Glencore loses exclusive rights to major Libyan oil grades
11 January 2019

Trans Adriatic Pipeline completes €3.9bn project financing
11 January 2019

Mnuchin defends lifting sanctions on firms tied to Putin ally
11 January 2019

Ivory Coast cocoa bean quality hit by dry weather, financing woes
11 January 2019

Saudi Arabia's oil and gas reserves recalculated
11 January 2019

JERA Trading poaches Vitol's Alex Baileff for its coal division
11 January 2019

Top suspect in Vitol, Glencore Brazil bribery case arrested in US
10 January 2019

Anadarko launches Mozambique LNG to banks
10 January 2019

Kenya Matsumoto, Vitol's head of middle distillates trading, to retire
10 January 2019

Olam International to shut sugar trade desk
10 January 2019

Trafigura launches $1.5bn revolving credit facility
9 January 2019

APLNG out to banks for refinancing
9 January 2019

Batchfire looks to raise A$125m for Callide coal mine

Medco Energi rejigs RBL facilities
9 January 2019

Redcliff Midstream sees RCF increased to $100m
9 January 2019

DNO makes ‘final offer’ to take over Faroe Petroleum
9 January 2019

China Titanium Resources to provide funding for Mayur's Orokolo Bay project
8 January 2019

Erseven joins COFCO
8 January 2019

China's Cofco shuts Argentina edible-oil plant on trade, economy
8 January 2019

Brazilian government denies to pay $14bn to Petrobras
8 January 2019

Angkor Gold appoints Viktoriya Griffin as CFO
8 January 2019

Athabasca Minerals hires Dana Archibald as COO
8 January 2019

EBRD agrees €25m loan to Bulgarian copper producer Sofia Med
7 January 2019

Pilbara Minerals unveils funding package for Pilgangoora Stage 2
7 January 2019

Trafigura, IPG give Zimbabwe more time to pay for fuel
7 January 2019

OPEC oil output posts biggest drop since 2017 on Saudi move
4 January 2019

Barrick's new CEO says gold industry shake-up is just starting
4 January 2019