“Relationships” in Congo – Corruption allegations against Glencore

Glencore, the world’s largest commodity corporation, is suspected of corruption in the Democratic Republic of the Congo and is expected to be sued on that basis. A Glencore subsidiary is said to have paid $ 6 million annually since 2013 to a company in the Democratic Republic of the Congo, on a quid pro quo basis.   ... →

Glencore: Another opaque mining deal in DRC

In February 2015, Glencore´s joint venture with Dan Gertler´s Fleurette Group, Mutanda Mining, acquired a further concession for copper and cobalt mining in the Democratic Republic of Congo. The state mining company Gécamines held 30% of the Kawama concession, while Dino Steel International held the rest. They received $10 million and $20 million respectively for their shares.   ... →