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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 > how much the penalty would be if proven guilty?

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Post by stockhunter20001 on Jul 03, 2018 1:59pm

how much the penalty would be if proven guilty?

It looks like if GLEN found guilty, it will have enough funds to pay it out on the spot

Based on Bloomberg:

"In some ways, the timing of this is fortunate for Glencore. In 2016, short-sellers were betting that the company’s mountain of debt might cause it to collapse. Net debt is now a more manageable $10.7 billion, or less than one year’s earnings. So it should be able to cope with even a very large fine — painful as that would be."

Full article:

https://www.bloomberg.com/view/articles/2018-07-03/glencore-is-whacked-with-a-great-big-d-c-discount

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