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Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

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Katanga Mining Ltd Ord > Glencore facing bribery probe over Congo

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Post by Kidlaw1 on May 18, 2018 8:52am

Glencore facing bribery probe over Congo

https://www.bloomberg.com/news/articles/2018-05-18/italian-bonds-set-for-worst-week-since-2015-on-political-concern

The allegations continue... I think they can fight this.... But stock price is going to take a hit.

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Comment by Mikaela on May 18, 2018 9:02am

I think you meant this link: https://www.bloomberg.com/news/articles/2018-05-18/glencore-said-to-face-u-k-bribery-probe-over-congo-dealings-jhbxhab4 Also, this is an Investigation - no charges have been laid, so I don't think the SP will be too affected unless there are charges laid....?

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Comment by 2fast4uI on May 18, 2018 9:49am

This post has been removed in accordance with Community Policy

Comment by Quest4insight on May 18, 2018 10:06am

That's how things works there! Lobbying, campaign fund, or bribe. It's actually good news that they have ties. They have worked together. That makes them a team of powerful folks in control of hot assets. It's not " I want fair game world ".

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Katanga Mining Ltd Ord