Glencore and Ontario Teachers' Pension Plan in new partnershipStaff Writer | December 6, 2017
Glencore Canada Corporation and Ontario Teachers' Pension Plan announced the formation of BaseCore Metals LP, a 50:50 joint venture limited partnership focused on base metals streams and royalties (BaseCore Metals).
Investment Base metals streams and royalties
The value of the initial Royalty Portfolio contributed to BaseCore Metals is approximately US$300 million.
The Royalty Portfolio includes a selection of existing royalties on producing and development stage properties in North and South America, including the Antamina and Highland Valley mines as well as the Horne 5 and El Pilar projects.
BaseCore Metals will actively pursue investment opportunities, focusing primarily on base metals streams and royalties.
BaseCore Metals will provide future transaction partners with deep sector expertise, operating and technical skills alongside access to capital. ■