{"id":73292,"date":"2022-12-05T12:51:03","date_gmt":"2022-12-05T12:51:03","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/12\/05\/miner-glencore-pays-180m-in-latest-corruption-case\/"},"modified":"2022-12-05T12:51:03","modified_gmt":"2022-12-05T12:51:03","slug":"miner-glencore-pays-180m-in-latest-corruption-case","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/12\/05\/miner-glencore-pays-180m-in-latest-corruption-case\/","title":{"rendered":"Miner Glencore pays $180m in latest corruption case"},"content":{"rendered":"<div >\n<p ><b >Switzerland-based mining company Glencore has announced it will pay $180 million (\u00a3147 million) to the Democratic Republic of Congo to settle corruption allegations.   <\/b><\/p>\n<\/div>\n<div >\n<p >The agreement covers a period of 11 years from 2007 to 2018.  <\/p>\n<\/div>\n<div >\n<p >It&#8217;s the latest in a string of corruption cases in which Glencore has agreed to pay more than $1.6 billion in fines this year.<\/p>\n<\/div>\n<div >\n<p >In May she admitted to bribing officials in several African countries, including Nigeria, Cameroon and Congo. <\/p>\n<\/div>\n<div >\n<p >This followed an investigation by American, British and Brazilian authorities, which also included allegations of corruption in Latin America. <\/p>\n<\/div>\n<div >\n<p >Despite the fines, Glencore is expected to post record profits of around $3.2 billion this year.<\/p>\n<\/div>\n<div >\n<p >The mining company said the settlement with the Democratic Republic of the Congo (DRC) covers &#8220;all present and future claims arising from alleged acts of corruption&#8221; by the Glencore group between 2007 and 2018.<\/p>\n<\/div>\n<div >\n<p >The comparison follows investigations by the authorities of the African country and the US Department of Justice, it said.<\/p>\n<\/div>\n<div >\n<p >&#8220;Glencore is a long-standing investor in the DRC and is pleased to have entered into this agreement to address the consequences of its past conduct,&#8221; said Kalidas Madhavpeddi, Glencore&#8217;s chief executive officer.<\/p>\n<\/div>\n<div >\n<p >Glencore is one of the world&#8217;s largest commodity companies and employs around 135,000 people in more than 35 countries.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Switzerland-based mining company Glencore has announced it will pay $180 million (\u00a3147 million) to the Democratic Republic of Congo to settle corruption allegations. The agreement covers a period of 11 years from 2007 to 2018. It&#8217;s the latest in a string of corruption cases in which Glencore has agreed to pay more than $1.6 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-73292","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v18.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Miner Glencore pays $180m in latest corruption case - Tahrir News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tahrir2day.com\/news\/2022\/12\/05\/miner-glencore-pays-180m-in-latest-corruption-case\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miner Glencore pays $180m in latest corruption case\" \/>\n<meta property=\"og:description\" content=\"Switzerland-based mining company Glencore has announced it will pay $180 million (\u00a3147 million) to the Democratic Republic of Congo to settle corruption allegations. 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