Canadian regulator to consider Katanga settlement proposal Tuesday

A Canadian regulator will consider on Tuesday whether to accept a proposal from Katanga Mining to settle allegations related to the Glencore-controlled company’s activities in Democratic Republic of Congo.

Katanga said in a statement on Monday it could not give details of the proposal until after the hearing, at which the Ontario Securities Commission (OSC) will consider whether a global settlement with Canadian-listed Katanga is in the public interest.