Saudi Arabia's Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals' Zambian copper and nickel assets, three sources said.Manara, a JV between Saudi Arabian mining company Ma'aden and its $925 billion Public Investment Fund, is in... More

Carnival Corporation is expected to sign a $4.5 billion ECA-backed loan to finance the purchase of three new class of cruise ships from Fincantieri imminently.BNP Paribas and KfW Ipex-Bank are mandated lead arrangers on the deal. SACE is providing cover  The new 230,000gt ships will be the... More

French private equity company Ardian is evaluating co-investment in green hydrogen projects with Abu Dhabi’s Masdar and exploring a tie up for joint deals in the sector with Saudi Arabia’s Public Investment Fund, a senior Ardian executive has said. Ardian, which has $169 billion of... More

Yuichiro Akita has been elected as president of Berne Union. The General Manager, International and Strategic Policy at NEXI succeeds outgoing president Maëlia Dufour. Berne Union also named Rafael Docavo-Malvezzi as vice president. Both will lead the organisation for two years.The new... More

Canadian miner Lithium Americas said General Motors will contribute $625 million to their new joint venture for developing the Thacker Pass project in Nevada.US automakers are ramping up their output of EVs and hybrids and aiming to reduce their reliance on China for battery-related materials in a... More

Abu Dhabi-headquartered Al Seer Marine has secured $80 million in financing from BOCOM Financial Leasing, a subsidiary of China's Bank of Communications, for its newly delivered MR tankers, Betelgeuse and Bellatrix. This transaction represents the first financing that Al Seer Marine has secured... More

Global Uranium has signed a binding sale and purchase agreement to divest its Enmore Gold Project to Koonenberry Gold.The transaction will see Koonenberry issuing 35 million fully paid ordinary shares to Global Uranium. It is contingent upon the approval of Koonenberry’s shareholders at a... More

ESB and Hynamics UK signed an MoU for the development of a green hydrogen production facility at the Port of Barry, Wales.The project will produce and supply green hydrogen for the decarbonisation of industrial operations around the Port of Barry. The location, owned by Associated British Ports, has... More

ADNOC has completed its acquisition of OCI Global’s 50% + 1 shareholding in Fertiglobe, increasing its share in the company to 86.2%. ADNOC intends to integrate its domestic and global portfolio of projects in low-carbon ammonia, more than doubling Fertiglobe’s ammonia project... More

Nigeria took a major step in its quest to earn revenue from its vast gas reserves, signing a deal with joint venture partners to supply gas to a proposed $3.5 billion Brass fertilizer and petrochemical plant.Under the agreement, joint venture partners including Shell, TotalEnergies, and Eni will... More

NGEx Minerals has upsized its previously announced private placement from C$100 million to C$175 million (about $127 million) due to strong demand.The TSX-listed firm will now place about 15.91 million shares at C$11 a share. Net proceeds of the private placement will be used towards furthering... More

JBIC has signed an MoU with Turkey's Calik Enerji Sanayi to strengthen the partnership between the two organizations.Calık Enerji, an energy and infrastructure company, has been engaged in EPC projects, utility investments such as electricity and gas distribution, and renewable energy power... More

EPC contractor MT Group will build a €10.5 million (about $11.4 million) green hydrogen production and refueling station in the Port of Klaipeda, in Lithuania. This will be the first hydrogen station in the Baltic States.Under the contract with Klaipeda State Seaport Authority, MT Group will... More

Italian export credit agency SACE has released its H1 results, with profits increasing 65% to €252 million.The ECA put the rise partly down to insurance revenues increasing from €60 million to €163 million, claims decreasing by 15%, and investment management results growing from... More

Fossil fuels could soon become significantly cheaper and more abundant as governments accelerate the transition to clean energy towards the end of the decade, according to the International Energy Agency. The world’s energy watchdog has signalled a new energy era in which countries have... More

IFC and Raiffeisen Bank are financing a 225MW direct current solar PV project developed by Rezolv Energy in Bulgaria.The project, located near Silistra in northeast Bulgaria, includes the development, construction, and operation of the solar PV plant, along with two overhead transmission lines... More

Algeria’s state-owned Sonatrach and Spain’s Cepsa have signed an MoU for the construction of a green hydrogen project in Algeria targeting the European market.The two sides penned a deal for a two-phase implementation, with a feasibility study in phase one followed by project execution... More

Avoni Industrial has penned a €2.5 million sustainability-linked minibond with UniCredit and SACE.The six-year financing is 70% backed by SACE and is aimed at supporting the company in the development of motorized products with endothermic engines capable of reducing the environmental impact of... More