Royalty Holder…….......Capex Group
Revenue………….…..…..…undisclosed
Mine Life...…………….....30 years plus
Commodity………………..............Nickel
Operator…….........................Glencore

#14 Raglan

Glencore's Raglan nickel-copper complex is one of the slickest mining operations in Canada.

On Quebec's northernmost tip, Raglan is a string of deposits spread over 70 kilometres, with four underground mines, a power plant and a concentrator. Output is then shipped to Glencore's smelters at Falconbridge in Ontario, before travelling to a refinery in Norway.

The project was once owned by a company called Canadian Royalties, which was bought out in 2009, but insiders at the firm held onto 2 per cent royalties over some of Raglan's deposits. The royalties sat in a numbered company, 862539 Alberta Ltd, which owned other royalties across Canada, later transferred to Capex Group Ltd.

Glencore has ramped up production in recent years and Capex, which is based in Toronto, is understood to still hold the royalty claims, though its revenue is not disclosed.

 

 

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