Precious metals streaming firm Wheaton plans London listing
LONDON (Reuters) - Streaming firm Wheaton Precious Metals Corp said on Sunday it is planning a UK listing by year-end, potentially the largest metals and mining company to join the London Stock Exchange since Glencore in 2011.
LONDON (Reuters) - Streaming firm Wheaton Precious Metals Corp
"The listing is really about trying to open up new ways of investing in precious metals to the shareholders and funds based on the London Stock Exchange who don't have access to us in our other listings," said Chief Executive Randy Smallwood.
"London felt like the next natural home for us." The firm said it is not intending to raise capital via the listing.
Streaming is a type of alternative finance that generally involves an upfront payment by the streamer to a miner, which repays the loan by supplying metal at a later date.
Wheaton has streaming deals with 17 mining companies including Vale
Smallwood said Wheaton was in advanced talks on further agreements with several miners in Africa and two in Asia, but would steer clear of high-risk jurisdictions.
He said it would stick to precious metals in future agreements and not look for more cobalt deals or expansion into battery metals.
Wheaton operates in 11 countries, mainly in North and South America, but has no exposure in Africa, Asia and Australia.
Wheaton will be joining smaller streaming rivals Anglo Pacific
(Reporting by Zandi Shabalala; Editing by Jan Harvey)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
OTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau on Friday said he will continue to stand up against China's "coercive diplomacy" and its human rights abuses in Hong Kong and Xinjiang after being rebuked by Beijing for similar comments earlier this week. "We will stand up loudly and clearly for human rights all around the world, whether it is talking about the situation faced by the Uighurs, whether it is talking about the very concerning situation in Hong Kong, whether it's calling out China for its coercive diplomacy," Trudeau said in a news conference. (Reporting by Steve Scherer and Julie Gordon, Editing by Franklin Paul)
By Caroline Pailliez PARIS (Reuters) - Solene Tissot, a 19-year-old student in Paris, will obey the curfew imposed to fight COVID-19, but she has one request for her country's leaders: don't blame young people for the second wave of the virus. "There's been this kind of assigning guilt to young people," she said on Friday, hours before the new curfew was to come into force in Paris and major French cities. "I reject that." After a lull over the summer, the rates of transmission of coronavirus are going up in many parts of Europe and officials have identified social interactions between young people as a source of the resurgence.
By Adrian Portugal and Eloisa Lopez MANILA (Reuters) - Jailed Philippine activist Reina Mae Nasino wanted to hold her three-month-old daughter for the last time before she was laid to rest on Friday but she could not. Heavily armed prison officials guarding her refused to uncuff her despite pleas from her family and human rights supporters, who have decried what they described as inhumane treatment of Nasino and other mothers in Philippine jails.