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Glencore negotiating streaming agreements on South American mines

Glencore negocia acuerdos de streaming sobre minas sudamericanas

Intel ID : 229489
Synopsis

Glencore, a Switzerland-based mining company, may be in talks with several companies to reach streaming agreements on three South American copper mines, reported Reuters Canada on 16 September, 2015, citing two sources familiar with the talks.

The companies are Canada-based precious metal royalties manager, Franco-Nevada (NYSE/TSX:FNV), and mining companies, Silver Wheaton (NYSE/TSX:SLW), and Osisko Gold Royalties (TSX:OR), and US-based precious metal royalties manager, Royal Gold (NASDAQ:RGLD), the report stated.

Streaming transactions entail the sale of part of the future production of a mine. The mines in question are Antamina and Antapaccay, in Peru, and Collahausi, in Chile.

According to the report, Glencore could include other mines in the agreements.
(content in spanish)

Glencore, empresa minera suiza, estaría en negociaciones con diversas empresas para llegar a acuerdos de streaming sobre tres minas de cobre en Sudamérica, ha publicado Reuters Canada el 16 de septiembre de 2015, citando dos fuentes cercanas a las negociaciones.

Las empresas serían las canadienses Franco-Nevada (NYSE/TSX:FNV), gestora de regalías de metales preciosos, Silver Wheaton (NYSE/TSX:SLW), empresa minera, Osisko Gold Royalties (TSX:OR), empresa minera, y la estadounidense Royal Gold (NASDAQ:RGLD), gestora de regalías de matales preciosos, de acuerdo con lo publicado.

Las operaciones de streaming implican la venta de una parte de la futura producción de una mina. Las minas en cuestión son Antamina y Antapaccay, en Perú, y Collahausi, en Chile.

Según lo publicado, Glencore podría incluir otras minas en los acuerdos.

Intel ID 229489
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Native Currency Canadian Dollar (CAD)
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25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

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20.02.01 Coal & Lignite Production
20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels

55.05.08 Specialty Metals & Minerals
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

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25.01.01 Asset Management
25 Financial Services / 25.01 Banking & Investment

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Services and Distribution / Financial and Insurance (Primary)
Natural Resources / Mining
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