The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a portfolio of selected royalties and Ontario Teachers’ Pension Plan contributing cash, with the initial royalty portfolio interest valued at $300-million.
Source: www.engineeringnews.co.za
Glencore-Canada venture hitched to low-carbon economy shift
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