Jonathan Bell

It was a tough time in 2022 for those involved in financing new commodity deals. But despite all the adversity and myriad challenges, some excellent deals were concluded. Here, we list the TXF winning 10 Commodity Finance Deals of the Year for 2022.

In a first-of-its-kind deal, Societe Generale and Santander have arranged a €51 million facility backed by Bpifrance under its strategic project guarantee product.

South Africa’s export credit agency ECIC provides backing for vital Zimbabwean hospitals project

Tierra Underwriting has ramped up activity with insurance policies for Natixis-arranged renewables projects in India, Spain and Latin America

Tierra Underwriting has ramped up activity with insurance policies for Natixis-arranged renewables projects in India, Spain and Latin America

Recent copper and cobalt mine development financings in the DRC by EKN and SEK from Sweden and African development bank TDB are likely to act as encouragement to other financial institutions looking to become more active in the country.

Approximately 600 million people in Africa have no access to electricity. In a continent with considerable potential for energy natural resource development – both through renewable and fossil fuels – why has it become so difficult to finance related trades and new projects?

The export finance industry has been calling for wholesale changes to the OECD Arrangement on Export Credits for years now. Some changes now look set to come into force, and with the help of ICC it is hoped a full modernisation package can be realised sooner rather than later.

On the final two days of Geneva Commodity Week, a record number of delegates gathered to debate the state of the commodity finance market at the TXF Commodity Finance & Natural Resources conference. Here we look at some of the key takeaways that came out of this ever-popular event.

A landmark decision in the recent Singaporean court case UniCredit vs Glencore is likely to see banks tighten financing for commodity traders and insurers insisting on onerous terms. It is also likely to influence decisions on whether other similar outstanding cases will proceed to court.

Bill Yu joins trader IXM as head of structured financing solutions - TXF

Paul van Zantvoort joins Macsteel International, Australia

BB Energy hires Sergio Marazita as regional CFO Americas  TXF

Further details emerge on Auramet $350 million financing  TXF

Further details emerge on Auramet $350m financing  TXF

The issue of critical mineral supply is widening as more countries consider putting in place a policy or strategy to maximise domestic and international value. Such policies will create genuine opportunities for mining and processing companies, commodity traders and support from banks, ECAs and DFIs.

Keen appetite is seen from international commercial banks in financing CDPQ’s joint venture investment in strategic infrastructure assets in Jebel Ali port in Dubai.

Commodity traders are again reporting record profits for the half year 2022 as they benefit from some sharp commodity price rises. But the swings being seen and the overall volatility throughout the market present positives as well as some real challenges for traders at the same time.

In an exclusive interview with UK Export Finance CEO, Louis Taylor, he reveals how the UK agency has not only pushed the sustainability frontier further than many other agencies, but will also now introduce reporting on project emissions.

Gerald Group appoints new global head of structured trade finance