A Russian court has ordered Glencore to pay RUB11.4 billion ($121.3 million) in shares as part of a lawsuit filed by Sberbank. This includes 0.57% of Rosneft, Russia's largest oil producer, and 10.55% of EN+ Group MKPAO, the Russian metals and power firm. The shares are currently owned by... More

Lviv, a city in western Ukraine, has completed an urban mobility project that involved the acquisition of ten low-floor trams. The project, made possible through Lviv's participation in the wider Ukraine Urban Public Transport project, was financed by a €17.4 million ($18.5 million) loan... More

Robbert Bozelie became Atradius' new director for special products on April 1. Bozelie took over the position from Olivier David, who recently left the company after serving for almost two decades.In his new role, Bozelie will be responsible for overseeing non-traditional trade credit and... More

GreenRoc Mining has received a letter of interest (LoI) from US Exim in financing GreenRoc for up to $3.5 million in US export contracts related to goods and services ordered by the company. The contracts could pertain to the execution of pre- or definitive feasibility studies for GreenRoc's... More

Botala Energy Ltd has signed a binding heads of agreement (HoA) with AAAS Energy to develop a 200-250MW solar project at Botala’s Leupane Energy Hub and Industrial Park.Both companies will work towards completing a bankable feasibility study (BFS) by the end of  2024 which will determine... More

ACWA Power has received an $80 million equity bridge loan from Bank of China to finance its Tashkent 200MW solar PV and 500MWh BESS project in Uzbekistan. The loan is split between 50% renminbi and 50% US dollars – a first for ACWA. More

Turk Eximbank signed a €140 million ($152 million) NEXI-covered loan last month. Proceeds will be used to support local exporters, SMEs, women inclusive companies and environmental projects. SMBC (coordinating bank), Deutsche Bank and SMBC will provide the 10-year debt on a semi-annual... More

The US has issued a ban on the import of Russian aluminium, copper and nickel in partnership with the UK. The new sanctions mark the latest attempts to curb Russian commodity revenues in the wake of the invasion of Ukraine. The US has previously applied a 200% tariff on Russian aluminium but... More

Queensland's representative body for farmers, AgForce, is challenging a Glencore carbon capture proposal in the Federal Court. AgForce has launched legal action against the federal government's decision that the project was "not to be a controlled action under national environment... More

Danske Commodities has unveiled its financial results for 2023, including €359 million in pre-tax earnings. This marks the second most successful year in the company's history. Gross turnover reached €40 billion ($42.5 billion) with an equity ratio of 64%, up from 38% in 2022.... More