The weekly publication “Global Mining Observer” has quickly become must-read material for anyone interesting in the mining sector and this week breaks…
The world’s largest royalty and streaming groups are clubbing
together to form a syndicate, promising some of the sector’s largest
ever deals to date, Global Mining Observer reports.The
syndicate includes gold royalty group Franco-Nevada and silver streaming
giant Silver Wheaton, but also looks set to include a variety of money
managers, from pension funds to private equity, according to high level
sources involved.Orion Mine Finance, formerly part of copper
trader Red Kite, and private equity firm Blackstone, one of the world’s
largest asset managers, are both angling to be included. Caisse de
depot, the Quebec-based pension fund, is also “trying to piggyback” on
deals negotiated by royalty groups, according to one chief executive,
who has previously landed financing from (continues here)
…which is another great scoop for the publication. Go read it all here (and get your free subscription to GMO by clicking on this link and sticking on your mail address).