The Ontario Teachers’ Pension Plan (OTPP) is reportedly getting into the private royalty and streaming business, “one of the first of its kind in the base metals sector” writes Niall McGee for the Globe and Mail.
The “AngloSwiss mining giant Glencore PLC has struck a deal with” OTPP, he continues, adding “BaseCore Metals starts life with a portfolio of existing Glencore royalties in North and South America worth $300-million (U.S)., and includes a royalty on Highland Valley, a Teck Resources Ltd. copper mine in British Columbia.”
“The creation of BaseCore Metals is unique in the sector and will enable us to secure further offtakes for our marketing business,” Ivan Glasenberg, chief executive officer of Glencore, is quoted saying.
More: positive development, at “first blush.”

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