Glencore unit Katanga settles DRC Congo dispute
Democratic Republic of Congo state miner Gécamines will drop legal proceedings to dissolve a copper and cobalt joint venture with a subsidiary of Glencore Plc after reaching a settlement with its partner that includes Gécamines getting a US$150 million payment.
Glencore unit Katanga Mining Ltd said on Tuesday it had agreed a recapitalisation plan for 75%-owned Kamoto Copper Co with Gécamines, its joint venture partner, involving converti
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