IFC and Absa Group will provide a commodity trade finance facility of up to $60 million to green coffee merchant Volcafe to strengthen the company's operations in East Africa.The financing will provide working capital to facilitate the purchase of coffee cherries – the fruit from which... More

The French government has promoted a private sector plan to develop a nickel and cobalt refinery near Bordeaux to reinforce the country's supply chain for electric vehicle batteries and reduce its reliance on China.The €300 million ($323.49 million) project from Swiss-based KL1, presented... More

Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carbon activities, company sources said.Such deals would expand veteran CEO Claudio Descalzi's... More

Caprice Resources has entered a binding option deal with HJH Nominees to acquire a 90% interest in the Bantam Project in the West Arunta region of Western Australia.The project comprises four contiguous tenements, including one granted exploration licence and three applications, spanning... More

Anglo American has rejected a second takeover approach by Australian rival BHP that values the London-listed mining company at £34 billion (almost $42.7 billion).BHP said that Anglo’s board had not engaged with its offer, which came after an initial £31 billion offer was also... More

SACE, in collaboration with the Ministry of Finance of Iraq, has concluded a Framework Agreement in support of the Trade Bank of Iraq. The agreement aims to increase exports of Italian-made products to Iraq. Additionally, it seeks to encourage investments in the private sector, up to a value of... More

Queensland state will decide this month whether to give Glencore a key approval to bury liquefied carbon dioxide in the country's largest aquifer, a plan farm groups say must be blocked because it risks poisoning water supplies.Glencore plans a three-year, A$210 million ($135 million) pilot... More

The Saudi Export-Import Bank and the Saudi National Bank signed an insurance agreement to enhance documentary credits and a major Murabaha agreement to finance the export of Saudi non-oil products.These efforts aim to boost Saudi non-oil exports, providing credit products, insurance, and financing... More

Vanadium Resources (VR8) has signed an MOu with China-based Hunan Zhongxin New Materials Technology for the offtake of 4,000 t/y of vanadium oxide, over a period of five years.The nonbinding MoU states that Hunan can extend the offtake agreement by a further five years. VR8 owns 74% of the... More