TXF: Indepth

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

Glencore’s major expansion plan for the McArthur River zinc mine has been approved by the state government of Northern Territory in Australia

The Democratic Republic of the Congo's Entreprise Générale du Cobalt (EGC) has signed an off-take agreement with Trafigura

AXA XL Insurance has promoted Nicola Harris to Head of Energy, UK & Lloyd’s market

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In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

France proposes to stop providing state export guarantees to projects involving dirty forms of oil such as shale from next year, followed by all types of oil from 2025 and gas from 2035

Billionaire Margarita Louis-Dreyfus has agreed to sell a 45% stake in the eponymous agricultural trader to an Abu Dhabi sovereign wealth fund, opening the family business to outside ownership for the first time to secure desperately needed cash for its owner.

The International Chamber of Commerce's Advisory Group on Trade Finance has called on G20 leaders to leverage trade finance to safeguard SMEs and power global recovery

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

South African investors have pulled out of a multi-billion dollar coal-fired power plant project in northern Limpopo province, putting its construction at risk as opposition to the use of fossil-fuels in the country grows despite crippling power shortages

Trafigura Group threatened in 2018 to block Nyrstar from drawing on a key loan facility, according to a letter from advisers to Nyrstar’s board, accelerating a cash crunch that ultimately led to the trading giant’s takeover of the company

Deutsche Bank has established a supply chain financing solution for BASF China, supporting the company and its suppliers in China with working capital capabilities

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

Perth-headquartered Ironbark Zinc has secured a letter of interest with the Export-Import Bank of the United States, with the ECA considering financing up to A$308.6 million ($216.1 million) of the company’s Citronen zinc-lead project in Greenland

Chile’s state-owned miner Codelco, the world’s largest copper producer, has reported an 86% increase in its profit for the first nine months of the year to $1.124 billion, amid an increase in production

The European Bank for Reconstruction and Development is strengthening Serbia’s agribusiness potential with a €25 million loan to Sojaprotein, a producer of soybean concentrates

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

Swedish export credit agency EKN has appointed Kristian Orrbeck as a new Head of Unit for Medtech, Industries and Commodities within the Large Corporates Business Area;

Russian iron ore and HBI group Metalloinvest has opened a new RUB5 billion (about $63.8 million) credit line with Gazprombank

Singapore-based global trade finance network Contour has unveiled a partnership with CargoX, a blockchain platform for transferring documents and data including a certified electronic bill of lading solution

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

The EIB and Instituicao Financeira de Desenvolvimento (IFD) are jointly financing a €400 million investment programme aimed at upgrading infrastructure for long-term

The US Department of Energy (DoE) has extended the terms of seven long-term LNG export authorisations through to 2050

Canadian oil and natural gas company Cenovus has agreed to buy rival integrated energy company Husky, with Cenovus shareholders owning 61% of the combined equity and Husky shareholders controlling the rest

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

Hundreds of companies across Romania will benefit from €190 million of new private sector European Investment Bank financing to support industries most impacted by the economic, social and health impact of COVID-19.

The International Finance Corporation is investing in Bangladesh's Prime Bank Limited to support SMEs and companies affected by the COVID-19 pandemic

Working capital technology solutions group Taulia has appointed Andy Lee as Director, Supply Chain Finance

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

The European Investment Bank is joining forces with Santander to provide financing on favourable terms to the Spanish small and medium-sized enterprises and mid-caps affected by the economic impact of COVID-19.

Saudi Aramco will scale back a planned $20 billion crude-to-chemicals plant as it seeks to cut spending and preserve the world’s biggest dividend amid a slump in oil and petrochemical prices

Traydstream has appointed Adam Kasraoui as a Global Sales & Origination Lead, expanding its sales coverage of Middle Eastern banking clients, as well as a new focus on corporate clients

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

EKF, Denmark’s export credit agency, will be bolstered by a total of DKK185 million ($29.2 million) to ensure companies gain access to risk capital during the coronavirus crisis

Colorado-based Centennial Resource Development has announced that its group of lenders - led by JPMorgan Chase Bank - has reaffirmed the company’s $700 million borrowing base

Paperless trade group essDOCS and AfricaPLC, a B2B / B2G industrial E-commerce marketplace and fintech platform, have partnered to accelerate the use of digital trade documents in Africa

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

The World Bank Group has invested over $12 billion in fossil fuels since the Paris Agreement - $10.5 billion of which were new direct fossil fuel project finance, according to a new report

US upstream oil company Kosmos Energy has completed the re-determination of its reserve based lending credit facility, resulting in a borrowing base capacity of $1.32 billion

Finastra has unveiled Fusion Payments To Go – its payments solution aimed at small and medium-sized banks looking to implement domestic and cross-border payment services in Europe, the US and South Africa

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.