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Reuters: Glencore in talks to sell mining royalties

Published 05/03/2017, 12:58 PM
© Reuters.  Reuters: Glencore in talks to sell mining royalties
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  • Glencore (LON:GLEN) (OTCPK:GLCNF, OTCPK:GLNCY) has hired the Bank of Nova Scotia to sell a portfolio of royalties, including a royalty on the Antamina copper-zinc mine in Peru, Reuters reports.
  • The Antamina royalty makes up most of the value of the package and could fetch as much as $250M, and the portfolio includes several much smaller royalties on other mines and exploration assets Glencore owns around the world, according to the report.
  • It is not clear whether Glencore would sell 100% of the royalties or retain a stake in them.
  • Now read: eCobalt Solutions: Getting U.S. Equity Exposure To The Cobalt Metal Revolution


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