RE: Nice and steady15 Jan 2018 16:08
Wow...Thanks for sharing....a unique concept indeed......Cut and pasted for easy reading below....
Glencore is considering creating a standalone company to acquire lucractive mining royalties around the world.
The spin-off business would be seeded with at least �300m of streaming agreements Glencore already owns, and would pursue deals in copper, zinc, nickel and cobalt with a view to an eventual stock market listing.
Glencore�s plan, first reported by industry title Global Mining Observer, would look to emulate the model of companies such as Canada-based Franco-Nevada, which does not own any mines but instead makes money by �streaming� supply from miners for resale. In return, the streaming company advances loans to the miner to help fund capital projects.