Vale signs $3bn revolver, Taiwan drops FiT rate for offshore wind project, and Sirius Minerals in talks over sale to Anglo American

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:

• Brazil-headquartered miner Vale has signed a $3 billion syndicated revolving credit facility, which will be available for five years

• Taiwan's Ministry of Economic Affairs (MOEA) has set its 20-year Feed-in-Tariff (FiT) for offshore wind projects signed in 2020 with rates falling by 7.6% from last year

• Sirius Minerals, which is developing the Woodsmith polyhalite fertiliser project in North Yorkshire, has confirmed that it has received a possible premium-priced takeover offer from Anglo American and is now in advanced talks with the miner.

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