Glencore-Controlled Miner to Be Fined by Canadian Authorities Over Congo Ops - News Summed Up

Glencore-Controlled Miner to Be Fined by Canadian Authorities Over Congo Ops


A Glencore PLC-controlled mining company and some of its current and former directors and executives have agreed to pay more than $22 million to settle Canadian allegations that they hid the risks of doing business with a controversial Israeli businessman closely linked to Congolese President Joseph Kabila, according to a person familiar with the matter. The expected settlement between the Ontario Securities Commission, Canada’s biggest stock-market regulator, and Toronto-listed Katanga Mining Ltd. is related to the company’s...


Source: Wall Street Journal December 16, 2018 14:55 UTC



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