Peninsula Energy has moved to raise more than A$100 million (about $67 million) to fund work at the Lace uranium project in the US until it starts generating free cashflow by the third quarter of next year.The ASX-listed miner will raise A$105.9 million at a discounted fixed price of A$0.10 a share,... More

EBRD is promoting green and inclusive lending in Mongolia by offering funds of up to $20 million (€18.4 million) to the country’s largest commercial lender, Khan Bank.The financial package consists of a $10 million facility under EBRD’s Green Economy Financing Facility for Mongolia,... More

AfDB has approved a $15 million trade finance package for First Capital Bank in Zimbabwe to help bolster intra-African commerce in line with the goals of the Africa Continental Free Trade Area.The package, comprising a $7.5 million trade finance line of credit and a $7.5 million transaction... More

Trafigura and IXM are actively seeking to acquire physical copper in order to fulfil significant short positions on the US exchange, CME. This move comes as copper prices reached record highs.Short positions can represent bets on declining prices or serve as a form of hedging for producers. A short... More

Queensland Pacific Metals has secured A$19.1 million ($12.7 million) through a share placement to institutional and sophisticated investors.Foster Stockbroking and Bell Potter Securities served as joint lead managers and joint bookrunners for the placement.The funds raised from this placement will... More

Brazil's Eletrobras has signed an MoU with Green Energy Park to study opportunities for green hydrogen production.Brazil has been looking to develop a green hydrogen industry as part of efforts to unlock new sectors to power its energy transition, with government dubbing it a "real... More

UKEF has backed a British Steel contract to supply rail for a new high-speed electric railway in Turkey. The ECA has underwritten around €781 million (£680 million) of financing to support construction of the 286km railway. The manufacturer will deliver tens of thousands of tonnes of... More

US Ex-Im has lacked a clear strategy for growth in Africa as trade the lender is meant to support has waned over the last decade, according to an audit by the inspector general.The US ECA “had not successfully expanded its performance” in sub-Saharan Africa, Michael Ryan, assistant... More

Qatar Investment Authority and Bpifrance will increase the size of their investment partnership by as much as €300 million (over $325 million).Through the Future French Champions JV, the first phase of this partnership completed in 2021 has facilitated investments totalling almost €300... More