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19 December 2024
in
Metals and Mining

Volkswagen buys 9.9% of Patriot Battery Metals

Volkswagen has acquired a 9.9% stake in Canadian lithium company Patriot Battery Metals for $48 million. This marks the first time Volkswagen and its battery subsidiary,...

19 December 2024
in
Metals and Mining

Canada clears Paladin’s $789m Fission Uranium takeover

Australia’s Paladin Energy has received the final green light it needed from Canadian authorities to buy Fission Uranium in a C$1.14 billion ($789.1 million)...

19 December 2024
in
Metals and Mining

Glencore in talks to sell Philippine copper smelting unit

Glencore is in talks to sell its copper business in the Philippines as the metal’s smelting industry reels from the lowest processing fees on record.The commodities...

19 December 2024
in
Other

Bank of Industry Nigeria pens €2bn trade loan

Afreximbank acted as one of the Initial MLAs, bookrunner and facility agent on a syndicated term loan facility for Bank of Industry Nigeria of up to €2 billion.The...

19 December 2024
in
Agri/Soft Commodities

Valency's agri-business expansion backed by DFIs

Proparco, DEG and FMO have signed a syndicated financing to support Valency in expanding its agricultural and food processing operations in Africa. The partnership...

18 December 2024
in
Power

Chexim funds 3 Serb Republic HPPs

The government of Bosnia and Herzegovina's Serb Republic has signed a deal with the Export-Import Bank of China for a €75 million ($78.7 million) loan intended...

18 December 2024
in
Power, Renewables

Neoen secures A$1.4bn for Australian portfolio

Neoen has secured a further A$1.4 billion ($890 million) of debt for an additional 1.3 GW of wind, solar and storage assets in Australia. The debt, with maturity of...

18 December 2024

ICIEC unveils Khalid Khalafalla as new CEO

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has appointed Dr Khalid Khalafalla as its new CEO.With over 18 years of service within...

18 December 2024
in
Agri/Soft Commodities

Ukraine's Kernel pens DFI-supported PXF

Ukrainian grain exporter and sunflower oil production group Kernel has signed a pre-export facility, including a $25 million participation from FMO, marking the Dutch...

18 December 2024
in
Metals and Mining

Vulcan signs €879m conditional debt deal for Lionheart

Vulcan Energy has signed an €879 million ($921 million) conditional debt commitment letter with Export Finance Australia and a group of seven commercial banks for...

18 December 2024
in
Renewables

bp takes FID on 100MW Lingen green hydrogen plant

bp has taken a final investment decision to build a 100MW green hydrogen plant at its refinery in Lingen Germany.Supported by funding from the Important Projects of...

18 December 2024

Bahamas signs DFI-backed loan

The government of the Bahamas signed a 15-year door-to-door $200 million DFI-backed loan on 7 November. Proceeds will be used to fund the public tender offer for project...

18 December 2024

Alpha HPA finalises A$400m for giant alumina project

Alpha HPA has secured funding with Export Finance Australia and Northern Australia Infrastructure Facility for Stage Two of its High Purity Alumina First Project in...

18 December 2024

Kimura to close trade finance business

Private commodity financier Kimura Capital is closing its London-based lending business, the latest exit from a sector that has witnessed a flight of capital in recent...

18 December 2024
in
Renewables

CIP buys 90% stake in Canadian wind and hydrogen project

The world’s largest fund manager in the greenfield renewables space has bought a 90% stake in a giant green hydrogen project in eastern Canada due to be powered by...

18 December 2024
in
Renewables

Vitol to acquire share of plastics recycling group WPU

Vitol has entered into a conditional agreement to acquire a controlling interest in Waste Plastic Upcycling. On completion, which is subject to certain conditions...

18 December 2024
in
Metals and Mining

Victory Metals signs five-year offtake MoU with Sumitomo

Victory Metals has signed an MoU with Sumitomo Corporation to negotiate an offtake of mixed rare earth carbonate from the North Stanmore Heavy Rare Earth Elements Project...

18 December 2024
in
Metals and Mining

Aura raises A$9m to advance Tiris project

Aura Energy has received firm commitments to raise about A$9 million (about $5.7 million) through the issue of 64.28 million shares at an issue price of A$0.14 a...

18 December 2024
in
Metals and Mining, Renewables

Mauritania mining sector gets AfDB funding boost

AfDB has approved a $150 million senior loan to Mauritanian state-owned iron ore firm Societe Nationale Industrielle et Miniere (SNIM) to increase its logistics capacity...

17 December 2024

OECD ends Common Line on 95% cover

The OECD has ostensibly declined to renew a Common Line increasing the maximum available cover on export finance transactions to 95%. Under the terms of the OECD...