Nov 4 (Reuters) - Glencore Plc GLEN.L
* Transaction forms part of glencore's debt reduction plans
announced on 7 september 2015.
* Long-Term streaming agreement entered into by anani
investments limited (unit of glencore) with silver wheaton
* Silver wheaton will make an advance payment of us$900
million to glencore five business days after closing of
transaction
* After closing silver wheaton will pay 20% of spot price at
time of delivery for each ounce of silver delivered
* Glencore will deliver silver to silver wheaton equivalent
to 33.75% of silver produced by antamina mine at a 100% payable
rate
* After 140 million ounces of silver have been delivered
under streaming agreement, stream will be reduced to equivalent
of 22.50%
Source text for Eikon: ID:nRSD4861Ea
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