A Glencore-controlled mining company and some of its current and former executives have agreed to pay more than $22-million to settle Canadian allegations they hid the risks of doing business with an Israeli close to Congolese President Joseph Kabila, the Wall Street Journal reported.
The expected settlement between the Ontario Securities Commission and Toronto-listed Katanga Mining is related to the company’s business activities in the Democratic Republic of Congo between 2014 and 2016, the Journal reported, citing an anonymous source.