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Glencore teams up with teachers' fund

Diversified miner and commodities trader Glencore (LN:GLEN) has teamed up with the Ontario Teachers’ Pension Plan to form a joint venture focused on base metals streams and royalties.

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Glencore and the OTPP have created a new base metals royalties joint venture

Glencore and the OTPP have created a new base metals royalties joint venture

The partners said the new entity's initial royalty portfolio was worth about US$300 million and it would actively pursue investment opportunities. Both parties have the right to nominate directors to...

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