EXIM Hungary is lending the North Macedonian government €500 million.The loan has a term of 15 years - with a three-year grace period - and an interest rate of 3.25%. The North Macedonian government opted for this arrangement instead of another eurobond.Funds will be used for budget support for... More

A coalition of oil-producing African countries is seeking $5 billion to launch an "energy bank" that would fund projects on the continent. The move comes amid growing frustration over the reluctance of western institutions to bankroll fossil fuel initiatives because of environmental... More

Pilbara Minerals has penned a new A$1 billion (about $671 million) debt facility in the form of a revolving credit facility with a group of domestic and international banks. The RCF can be utilised for refinancing and for general corporate and working capital purposes subject to drawdown... More

Saudi Aramco has cancelled plans to build a refinery and chemicals project in the kingdom and is reviewing three others as it evaluates spending plans with a focus on expanding in Asia.Aramco and its unit Sabic will not go ahead with the planned 400,000 barrel-a-day facility at Ras Al Khair on Saudi... More

Turkey's Yapi Merkezi Holdings signed a €2.7 billion ($2.95 billion) deal to build a railway line in Uganda, reviving a project that struggled to find financing after China withdrew its support. The 272km track will link Uganda’s capital, Kampala, to the border with neighbouring... More

Kazakhstan-based Kazatomprom, the world's largest uranium miner, has reached an agreement with CNNC Overseas and China National Uranium Corporation on the sale of natural uranium concentrates.Kazatomprom didn't provide details on the volume of the deal, which will require shareholders'... More

Tether Holdings is exploring lending to commodities trading companies as it looks at ways to deploy its billions of dollars in profits, a move that could shake up an industry typically reliant on traditional banks for credit.The crypto company — which is the issuer of the world’s largest... More

David Martin Connelly has returned to McGuireWoods as a partner in Washington, DC. Connelly joins the firm from Balch & Bingham in Washington. He was a partner at McGuireWoods from 2012 to 2017 and before that was senior counsel at Dominion Energy.Connelly is a nationally recognised energy... More

JBIC has signed an $8.64 million loan with TDB to fund the purchase of geothermal power generation equipment from Toyota Tsusho.The loan is cofinanced by Mizuho Bank, bringing the total amount to 14.4 million. The co-financed portion is covered by NEXI. The loan is intended to provide, through TDB,... More

WaveBL has completed a Proof of Value (POV) with Swift. Banks including Emirates NBD Bank, Federal Bank and other lenders, as well as MSC Mediterranean Shipping Company as an eBL issuer, took part. The POV involved two eBLs — one straight and one negotiable — both issued by MSC on... More

Saudi Arabia is looking to boost exports to South Africa through a $25 million credit deal with Standard Bank Group.The Saudi Export-Import Bank signed the deal with the South African lender which will see the ECA extend funding support to Saudi businesses that are looking to pursue interests in... More

Nippon Steel will sell its entire 50% stake in a JV steel plant it has in Calvert, Alabama, with ArcelorMittal if the top Japanese steelmaker succeeds in a buyout bid for United States Steel.The world's fourth-largest steelmaker believes the move is needed to clear antitrust concerns and would... More

Australian Strategic Materials has been awarded A$5 million under the Australian government's International Partnerships in Critical Minerals (IPCM) Program. The funding will be matched by ASM and used to support work to identify potential lower capital and shorter implementation pathways... More

Mayur Resources has received a $50 million funding boost for its Central Lime Project in Papua New Guinea.Investors ACAM and other backers agreed to subscribe to $10 million worth of convertible notes and commit a further $40 million in equity, subject to conditions.The $10 million Notes financing... More

Eastern Province Cement Company has secured an SAR850 million ($226 million) Shariah-compliant credit facility with Saudi National Bank (SNB) for a new production line.Funding will primarily be used to support the construction of a new SAR1 billion ($269 million) production line with capacity of... More

Gregory Stamatopoulos has joined Atradius Greece as deputy managing director. Stamatopoulos was CEO of Export Credit Greece (ECG) for five years, and was instrumental in its reform as ECG from being the Export Credit Insurance Organisation, joining ECIO in 2019. Stamatopoulos continues to be based... More

Semirara Mining and Power, the Philippines’ largest coal producer, is looking to spend PHP291.4 billion ($5.07 billion) to expand its mines.The company has proposed to the Department of Environment and Natural Resources a five-year spending plan that includes capital expenditures, production... More

Australia’s IGO has earned a majority stake of 51% in the Copper Wolf project in Arizona, US, and will now manage a newly formed JV.Buxton, which is listed on the ASX, announced that IGO had met the Stage 1 earn-in requirement, having spent A$350,000 on the tenements.The parties have now... More