RE:RE:RE:Two Companies,Two Headlines, Two MetalsSame, same, but different.
I read Glencore's "Glencore will enter into a number of net smelter royalty agreements each at 1.5% in respect of the Bolivian mining business with Santa Cruz"
and Santacruz's "Glencore will also retain a 1.5% net smelter returns royalty on the Assets (the "Royalty")" as the same thing.
Meaning Glencore will get 1.5% of all metals from the smelters for free - ain't that how smelter royalties work? (1.5% of 45% in regards to the JV assets.) Where have you seen "smelter fees" mentioned?