Glencore’s billionaire head of copper trading, Aristotelis Mistakidis, was among executives fined and banned from being a director by Canada after admitting that its Congolese copper and cobalt unit misstated how much metal it mined.
Mistakidis, who is retiring from Glencore at the end of this year, was hit with a C$2.45-million fine and a four-year director ban in Ontario at a public hearing on Tuesday by Canada’s Ontario Securities Commission. Other Katanga Mining directors including Liam Gallagher and its CEO, Johnny Blizzard, were also sanctioned.