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20 December 2024
in
Chemicals/Petrochemicals

Covestro shareholders accept XRG's $15bn takeover offer

XRG, the international investments arm of ADNOC, will become the majority owner of Covestro after shareholders in the German chemicals maker approved a takeover offer.The...

20 December 2024
in
Renewables

EC approves €3bn German-Dutch H2Global hydrogen import scheme

The European Commission has approved a €3 billion ($3.12 billion) German-Dutch scheme to import green hydrogen from non-EU countries for sale in Germany and the...

20 December 2024
in
Telecoms and Communications, Transport

US Ex-Im approves trio of deals worth over $300m

The Export-Import Bank of the United States has approved three transactions for more than $300 million.Firstly, the ECA made a final commitment of more than $293 million...

20 December 2024
in
Power

MIGA supports rural electrification in Burundi

MIGA has issued a $10.9 million guarantee to Anzana Electric Group of Mauritius for its investments in Weza Power. The guarantee covers the risk of breach of contract for...

20 December 2024
in
Metals and Mining

Greenland Resources receives LOI from Danish ECA

Greenland Resources has received a letter of intent from Export and Investment Fund of Denmark (EIFO).EIFO looks set to support Greenland Resources with a credit...

20 December 2024
in
Oil & gas

YPF and Shell to develop Argentina LNG project

Argentina's state-run oil company YPF and oil major Shell have signed an agreement to develop the country's flagship LNG project. The multi-stage $50 billion...

20 December 2024
in
Metals and Mining

Allied receives first construction payment for Ethiopia project

Allied Gold has received the first construction payment under a $175 million streaming agreement with Wheaton Precious Metals, signed earlier this month.Under the terms...

20 December 2024
in
Agri/Soft Commodities

Moroccan agricultural industry gets $250m climate funding

The World Bank has approved $250 million for the Morocco Transforming Agri-food Systems Program. The funding is aimed at increasing the Moroccan agri-food system's...

20 December 2024
in
Oil & gas

Riley extends and increases RCF

Riley Exploration Permian has amended its senior secured revolving credit facility.The company extended the facility maturity from April 2026 to December 2028, increased...

20 December 2024
in
Other

EBRD lends in local currency to ProCredit Bank Ukraine

EBRD is lending €20 million in local currency to ProCredit Bank Ukraine (PCBU) to bolster the bank’s medium-term lending to Ukrainian private businesses. The...

19 December 2024
in
Renewables

Green hydrogen project in Egypt struggles to find foreign offtake deals

One of the co-developers of a green hydrogen project in Egypt has admitted that the development consortium has been unable to find a foreign buyer for its offtake so is...

19 December 2024
in
Metals and Mining, Power

Lyten secures $650m LOI from US Ex-Im

Lyten, a supermaterial applications and lithium-sulfur batteries company, has received multiple Letters of Interest from the Export-Import Bank of the United States in...

19 December 2024
in
Metals and Mining

Sibanye inks $500m streaming deal with Franco-Nevada

Sibanye-Stillwater has entered into a $500 million streaming agreement with Franco-Nevada (Barbados) Corporation.The deal grants Franco-Nevada access to gold and platinum...

19 December 2024
in
Chemicals/Petrochemicals

First Phosphate signs long-term offtake deals

First Phosphate has signed two long-term offtake agreements for its future production from operations at Saguenay-Lac-St-Jean, Quebec. The deals help derisk its future...

19 December 2024
in
Renewables

Financial close for Scatec’s solar project in Botswana

Scatec has reached financial close for the second 60MW of the 120MW Mmadinare Solar Complex in Botswana and is preparing for construction start.The company signed a...

19 December 2024
in
Renewables

Zurich Airport and Synhelion sign solar fuel offtake deal

Zurich Airport has signed a long-term offtake agreement for renewable diesel with Synhelion, a Swiss cleantech company producing solar fuels.From 2027, Zurich Airport...

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...