Saturday, 28 April 2018

Glencore’s Congo mining businesses face $3 billion freezing orders

Glencore’s Congo mining businesses face $3 billion freezing orders

28 April 2018, London — Glencore’s mining subsidiaries in the Democratic Republic of Congo have been served freezing orders for alleged unpaid royalties of nearly $3 billion by a company affiliated with Israeli billionaire Dan Gertler, Glencore said on Friday. Gertler, who is the subject of U.S. sanctions, is owed some royalties by Glencore, but …

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