Sirius Minerals' alternative funding talks with investors fall through; Trafigura to finance Congolese state-run hand-mined cobalt company; Tinubu Square taps Bpifrance/Long Arc for investment

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• UK-based Sirius Minerals said talks with a consortium of financial investors on an alternate debt financing proposal to raise $680 million has fallen through, putting the company at the risk of going under administration or liquidatio

• Trading house Trafigura Group is in talks with the Democratic Republic of Congo about financing a new state-controlled company that will buy all the African nation’s hand-mined cobalt

• Surety and trade finance solutions provider Tinubu Square has secured additional investment of €15 million by New York-based Long Arc Capital and the French investment bank Bpifrance.

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