Metals Commodity Finance

US Ex-Im approves Oyu Tolgoi direct loan

Thu, 16 May 2013 22:28:41 GMT

US Ex-Im has approved $500 million to finance US exports for use in the Oyu Tolgoi mine in Mongolia as the project moves towards financial close.

Rocky road lies ahead for commodities

Fri, 03 May 2013 00:00:00 GMT

The commodities sector takes the hits from around the world, from the withdrawal of financing in Europe to the boost of growing demand coming from the Asian markets. Kimberley Long speaks with the global heads of commodity finance to hear their views on present market conditions and the future forecasts for this truly diverse sector.

Russia commodities: A borrower’s market

Fri, 03 May 2013 00:00:00 GMT

Ollie Gordon discusses the current state of the structured commodity finance market in Russia and the CIS, and how issues such as the growing use of capital markets funding and the rising prominence of Russian banks are playing into the hands of the borrowers.

Metalloinvest prepays part of PXF

Wed, 01 May 2013 17:17:12 GMT

Metalloinvest has prepaid part of its PXF deriving from April 2011, using the proceeds of a Eurobond.

Metinvest repays credit lines

Wed, 01 May 2013 00:00:00 GMT

Metinvest BV has repaid credit lines to ING and Sberbank.

Mechel signs loan agreements with Gazprombank

Tue, 30 Apr 2013 17:28:13 GMT

Gazprombank provides loans to four of Mechel’s largest industrial concerns in the steel and mining sectors.

ABN Amro: commodity prices to fall further in 2013

Thu, 25 Apr 2013 00:00:00 GMT

ABN Amro sees most commodity prices declining further for the remainder of 2013 before strengthening next year on economic recovery-led demand.

Glencore launches revolver refinancing

Fri, 19 Apr 2013 00:00:00 GMT

Commodity trader Glencore has launched the refinancing of its revolving credit facility.

Metinvest successfully closes PXF

Thu, 18 Apr 2013 00:00:00 GMT

Ukraine’s steel producer Metinvest successfully closes its latest pre-export financing.

Mechel signs loan agreement with VTB Bank

Thu, 11 Apr 2013 13:36:41 GMT

Mechel has signed a ruble loan refinancing with VTB Bank.

Africa: Select banks rise up

Mon, 08 Apr 2013 00:00:00 GMT

As the global financial downturn, eurozone crisis, stricter capital and regulatory requirements restrict traditional lenders from providing trade finance in sub-Saharan Africa, Ollie Gordon examines how local African banks are rising up to take a proactive stance and fill the financing gap left behind.

Kaloti Group invests in Dubai precious metals refinery

Mon, 08 Apr 2013 00:00:00 GMT

The Kaloti Group is planning to build a gold and precious metals refinery in Dubai with an annual production capacity of up to 2,000 tons.

Lenders approve Mechel PXF waivers

Fri, 05 Apr 2013 00:00:00 GMT

Russia’s Mechel has reached agreement with lenders on amendments to credit facilities.

Hochschild Mining approaches market

Tue, 02 Apr 2013 20:13:32 GMT

Hochschild Mining has approached the market for a seven-year project financing in Peru.

Russia’s GeoProMining signs term loan facility

Tue, 02 Apr 2013 19:52:39 GMT

Russia’s GeoProMining has signed a debut five-year term loan facility.

Ecore signs borrowing base facility

Tue, 02 Apr 2013 18:57:36 GMT

Recycling company Ecore has signed a borrowing base facility, in a transaction advised by Cofarco.

Vedanta approaches market for new loan

Tue, 02 Apr 2013 15:03:00 GMT

Vedanta Resources has mandated five banks to lead its new loan, for which it plans to attain funding from a combination of Asian lenders and US institutional investors.

Emal 2 signs bank debt

Fri, 29 Mar 2013 16:28:34 GMT

Dubai Aluminium and Mubadala have signed the bank financing for the $4.5 billion Emirates Aluminium expansion project (Emal 2).

Nedbank and RMB mandated for Liberia gold project

Thu, 21 Mar 2013 20:15:49 GMT

Nedbank and Rand Merchant Bank have been mandated to arrange the financing of Aureus Mining’s New Liberty Gold project in Liberia.

Dubai’s Kaloti Group expands into LatAm

Mon, 18 Mar 2013 00:00:00 GMT

Dubai-based precious metals company Kaloti Group has entered into a joint venture with the Suriname Government to start construction of a gold and precious metals refinery.