Topic - Commodity Finance

Kenyan projects achieve CCB milestone

Two projects in Kenya have become the first carbon forestry initiatives to be verified by the Climate, Community & Biodiversity (CCB) standard. 

Kucharczyk to lead Amreya Metal

Casting company goes for experience to push growth.

Renaissance launches oil and gas adviser

Bank and Jeffrey Waterous form new advisory service.

Promotions at Fortis Dubai

Bank expands commodities services. 

Mixed outlooks for MENA

Oil exports should rebound, but banking troubles remain, says IMF.

Severstal buys Core Mining stake

Deal funds development of African iron ore projects.

Zorlu to receive €130mn loan for wind farm

Gunvor signs US$600mn one-year loan

Gunvor International, an independent oil trader headquartered in Amsterdam, which mainly exports oil from Russia, has signed a revolving one-year credit facility of US$600mn, successfully refinancing and extending last year’s debut of US$370mn.

Stemcor loan cheers commodity finance market

Stemcor, the UK-based steel trader, cheered the commodity finance market with a US$480mn renewal of its revolving credit facility. The new loan is US$80mn more than the company hoped to raise.

Standard Chartered makes senior capital markets appointment

Standard Chartered has appointed Tee Choon Hong as managing director, regional head of capital markets for North East Asia. Tee is based in Hong Kong and will report directly to Christian Wait, global head of capital markets.

Tullow secures $2bn new debt for Ghana oil project

African oil explorer Tullow Oil has managed to secure a massive US$2bn worth of new reserve-based debt facilities, based on its success in uncovering world-class oilfields in Africa in the past three years.

EBRD, EIB and World Bank join forces to support Eastern Europe

On February 27, the largest multilateral investors and lenders in Eastern Europe – the European Bank for Reconstruction and Development, the European Investment Bank and the World Bank – have pledged to provide up to €24.5bn to support the banking sectors in the region and to fund lending to businesses hit by the global economic crisis.

Gazprom and Noor set up joint venture

The Kuwaiti Noor Financial Investment Company has announced its plans for a joint venture with Russia’s Gazprom Giovezeka of the Russian oil and gas company Gazprom.

Mongolia urged to act quickly by metals investors

Investors in Mongolia say the country’s lively but fractured political landscape is putting the economy at risk and holding back significant investments by foreign multinationals.