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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.

Glencore teams up with teachers' fund Glencore teams up with teachers' fund Glencore teams up with teachers' fund Glencore teams up with teachers' fund Glencore teams up with teachers' fund

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.