Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Commodities  >  Silver       XAGUSD

SILVER
My previous session
Most popular
Delayed Quote. Delayed  - 10/16 02:06:46 am
14.698 USD   +0.03%
10/11Gold Hits Two-Month High on Stock Selloff
DJ
10/11Gold Hits Two-Month High on Stock Selloff
DJ
10/11Copper Drops in Muted Reaction to Stock Market Rout
DJ
SummaryQuotesChartsNewsAnalysis 
News SummaryAll newsTweets

Glencore : Forms Joint Venture With Ontario Teachers' Pension Plan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/05/2017 | 03:19pm CEST
   By Oliver Griffin 
 

Glencore PLC (GLEN.LN) said Tuesday that it has created BaseCore Metals LP in a joint venture with Ontario Teachers' Pension Plan to focus on base metals streams and royalties.

Glencore said it had contributed a portfolio of selected royalties, while Ontario Teachers' Pension Plan subscribed for its interest in cash paid to Glencore.

The mining company said that the initial royalty portfolio contributed to BaseCore Metals is worth about $300 million and includes a selection of existing royalties such as Antamina and Highland Valley mines, among others.

BaseCore Metals will pursue investment opportunities, Glencore added, and will focus primarily on base metals streams and royalties.

Glencore said that BaseCore Metals will provide future transaction partners with deep sector expertise, operating and technical skills alongside access to capital.

Shares at 1352 GMT are down 2.3%, or 7.85 pence, at 333.90 pence.

Write to Oliver Griffin at oliver.griffin@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
GLENCORE 1.61% 318.65 Delayed Quote.-19.59%
SILVER 0.04% 14.697 Delayed Quote.-13.88%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SILVER
10/11Gold Hits Two-Month High on Stock Selloff
DJ
10/11Gold Hits Two-Month High on Stock Selloff
DJ
10/11Copper Drops in Muted Reaction to Stock Market Rout
DJ
10/08Australia Competition Body Rules Newcastle Port Should Cut Glencore Charges
DJ
10/04Aluminum Extends Climb on Refinery Closure
DJ
10/04Egypt's GASC Receives 17 Offers in Wheat Tender
DJ
10/04Aluminum Extends Climb on Refinery Closure
DJ
10/01Commodities Investors Enter October Bracing for Losses -- Update
DJ
10/01Gold Ticks Lower as Nafta Deal Boosts Risk Sentiment
DJ
10/01Why Commodities Investors Enter October Bracing for Losses
DJ
More news
Chart SILVER
Duration : Period :
Silver Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SILVER
Short TermMid-TermLong Term
TrendsNeutralBearishBearish