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February
Polish copper mining company KGHM has approached banks for a jumbo unsecured financing.
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Noble Group appoints senior Goldman Sachs banker as new chief executive officer.
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January
Banks fund First Quantum Minerals' Kansanshi copper-gold project in Zambia.
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Watson Farley Williams’ partner, Celia Gardiner, provides a simple guide to borrowing base facilities, an increasingly popular structured commodity financing instrument for both traders and commodity producers.
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ABN AMRO has predicted price increases by the end of 2012 for a range of commodities including Brent oil, natural gas, silver, palladium, aluminium and zinc.
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Russian steel producer Magnitogorsk Steel and Iron Work (MMK) has created a new position of chief financial officer.
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Lenders have signed a covenant waiver agreement with Russian aluminium producer Rusal on its multibillion pre-export financing. Trade Finance provides full details on the new agreement.
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Russian steel producer NLMK has told lenders it no longer wishes to continue with its pre-export financing.
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Russian steel producer NLMK is set to mandate banks for a new pre-export financing club deal when it returns from its Christmas break.
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Additional banks have joined Norilsk Nickel’s jumbo pre-export financing loan, used to help fund the Russian miner’s equity buy-back.
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Cheap resources underpinned economic growth for much of the 20th century. The 21st will be different.
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While the US and Europe struggle, the Asia-Pacific region has prospered, propping up global prices for commodities across the spectrum from metals and minerals to food and cooking oils. Graeme Burton examines the scene.