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03 July 2025
in
Metals and Mining

Alcoa seals divestment of 25.1% stake in Ma’aden JV for $1.3bn

Alcoa has announced the closure of its sale of a 25.1% ownership interest in the Ma’aden JV to the Saudi Arabian Mining Company, also known as Ma’aden.The...

03 July 2025
in
Metals and Mining

Aluminerie Alouette 'to invest $1.1bn in Quebec'

Aluminerie Alouette, an aluminum producer partially owned by Rio Tinto, plans to invest up to C$1.5 billion ($1.1 billion) to modernise its facilities in northern...

03 July 2025
in
Oil & gas

Vitol 'submits bid above $10bn for Citgo'

Global oil trading house Vitol led a consortium that placed a bid above $10 billion for PDV Holding, the parent company of Venezuela-owned US refiner Citgo Petroleum,...

03 July 2025
in
Metals and Mining

Leo eyes acquisitions after cashing in on Goulamina exit

Leo Lithium has confirmed receipt of the final proceeds from the sale of its interest in the Goulamina lithium project, in Mali, raising $177.6 million including...

03 July 2025
in
Oil & gas

Delfin agrees Siemens turbine capacity for US LNG project

Delfin Midstream secured an agreement with Siemens Energy to reserve four SGT-750 Gas Turbine Mechanical Drive Packages for its LNG liquefaction system, supporting a...

03 July 2025

Glencore launches $1bn buyback as Viterra deal closes

Glencore plans to buy back up to $1 billion of its shares following the completion of the sale of its agricultural business to Bunge. The deal to sell the Viterra unit...

02 July 2025
in
Renewables

Belgium postpones Princess Elisabeth wind tender

The Belgian Council of Ministers has postponed the tender for an offshore wind farm in the Princess Elisabeth Zone I until 2026.Minister of Energy Mathieu Bihet cited...

02 July 2025
in
Manufacturing & equipment

Crystal seals ECA-backed financing for 2 newbuilds

Crystal has finalised a Sace-backed export credit financing facility for its two newbuilds at Fincantieri.The banking consortium was led by Citibank, London branch; along...

02 July 2025
in
Renewables

H2Brazil commits $1.53bn to 2 green hydrogen projects

H2Brazil is investing more than €1.3 billion ($1.5 billion) in a pair of green hydrogen projects.The centrepiece is a massive industrial plant in Uberaba’s...

02 July 2025
in
Other

Asset & Resource Management announces new CEO

Trade finance veteran George RR Wilson has been appointed CEO of Asset & Resource Management Holding Company.He will lead the newly established ARM African Trade...

02 July 2025
in
Oil & gas

TotalEnergies to resume $20bn Mozambique LNG project

TotalEnergies has announced plans to restart operations at its $20 billion Mozambique LNG project before the end of 2025.The project was suspended in 2021 due to...

02 July 2025
in
Other

New CEO of Allianz Trade UK, Ireland begins

Matt Williams has taken up his role of CEO for Allianz Trade in the UK & Ireland. He succeeds Sarah Murrow who has transitioned to CEO of Allianz Trade in the...

02 July 2025
in
Oil & gas

Pakistan looking to sell excess LNG amid supply glut curbing local gas output

Pakistan is exploring ways to sell excess LNG cargoes amid a gas supply glut that could cost domestic producers $378 million in annual losses, according to a presentation...

02 July 2025

Trigg raises A$12.5m to advance US antimony project

Trigg Minerals has raised A$12.5 million ($8.2 million) through a placement to institutional and professional investors, including strategic US funds, to accelerate...

02 July 2025
in
Oil & gas

Chiyoda and McDermott agree terms for Golden Pass Trains 2 and 3

McDermott and Chiyoda have signed a binding term sheet addressing the key components of an agreement for completion of Trains 2 and 3 of the Golden Pass LNG Terminal...

02 July 2025
in
Oil & gas

Oando upsizes Afreximbank facility to $375m

Nigeria's Oando Oil has completed the upsizing of its reserve-based lending facility with Afreximbank to $375 million.The company’s pay down of the original...

02 July 2025
in
Oil & gas

EPC contracts signed for Vietnam’s Block B - O Mon gas pipeline

Southwest Pipeline Operating Company (SWPOC), a subsidiary of Vietnam’s state-owned Petrovietnam, has signed EPC contracts for two key packages (PC1 and PC2) of the...

02 July 2025
in
Metals and Mining

Vitol, Breakwall launch Valor Mining credit partners

Vitol and Breakwall Capital have formed Valor Mining Credit Partners (VMP) to target structured credit investments in mining companies across the Americas.Valor Mining...

02 July 2025
in
Metals and Mining

GoldMining inks Boa Vista earn-in with Australian Mines

GoldMining has entered into a binding earn-in agreement with Australian Mines, granting the latter the right to acquire up to an 80% interest in the Boa Vista...

02 July 2025

VHM signs offtake framework with Mitsui for Goschen supply

VHM has signed a non-binding letter of interest with Japanese trading giant Mitsui & Co for the potential supply of 40% of the heavy mineral concentrate production...