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Spotlight | DRC
Behind-the-scenes of Glencore's battle to resolve its disputes with Kinshasa

Glencore CEO, the South African Gary Nagle. © Glencore

Led by Gary Nagle since last July, the Swiss group, which reported a $5bn net income for 2021, is now practising a policy of amicable settlement to iron out disputes with local and US authorities over its activities in the DR Congo. The group says it is ready to invest locally, rediscuss its royalties and hand over its Tilwezembe mining concession to Gécamines. [...]

Published on 29.03.2022 at 04:40 GMT Reading time 3 minutes

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Mining

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DRC
Albert Yuma Mulimbi
Albright Stonebridge Group
Bester-Hilaire Ntambwe Ngoy Kabongo
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David Brocas
Eve Bazaiba
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Inner circles | DRC, South Africa
Glencore's reforming boss Nagle emerges from Glasenberg's shadow

The South African boss of the Swiss trading and mining giant is counting on two righthand men and a close-knit new team of managers to usher in a new era and turn the page on old corruption cases.

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The South African Glencore CEO Gary Nagle.

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DRC's Glencore case lawyers want their share of the settlement

Since receiving $180m from Glencore, the Congolese government has not fulfilled its commitments to its legal team from the South African legal firm Centurion Law Group - which NJ Ayuk heads - and has decided to file for arbitration before the ICC.

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Managem and Glencore fine-tune recycled cobalt project

In a bid to improve its image, the Swiss raw materials giant Glencore has teamed up with Morocco's Managem to produce 1,200 tonnes of recycled cobalt.

Subscribers only Mining, Commodity traders 03.01.2023

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Glencore forks out $180m to Kinshasa over corruption allegations

Several senior Glencore executives were involved in preparing the trader's agreement to compensate RDC $180m for its responsibility in past corruption, as announced on 5 December.

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DRC
Alphonse Kaputo to honour Gécamines redundancy and pension obligations

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Subscribers only Mining 11.11.2022

DRC
Kinshasa wants a piece of the pie following Glencore's $1bn guilty plea

Breaking news published on 15/06/22 at 12:25 - In the wake of the agreement reached last May between Glencore and the US Department of Justice, which puts an end to the latter's investigations into the Swiss trader, Congolese financial intelligence intends to claim compensation for the prejudice caused to the DRC.

Subscribers only Mining 15.06.2022

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State firm competes with local and foreign groups on mining freight market

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Arnaud de Brosses makes discreet departure from Pascal Agboyibor's office

Arnaud de Brosses, a specialist in tax law, formerly of Arsène Taxand, had been hired in February 2020 as a partner in the firm's Paris office, but has just discreetly left.

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DRC, United States
Tshisekedi caught between Dan Gertler and Washington

On the one hand, the mining magnate Dan Gertler is plying pressure on Kinshasa to enact the compromise he signed last month as fast as possible, while on the other, the US wants Felix Tshisekedi's government to re-evaluate the terms of the agreement it deems very unfavourable.

Subscribers only Mining, Business 25.03.2022

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Albert Yuma Mulimbi
Albright Stonebridge Group
Bester-Hilaire Ntambwe Ngoy Kabongo
Biden
Dan Gertler
David Brocas
Eve Bazaiba
Fair Cobalt Alliance
Gary Nagle
Gecamines
Glencore
Ivan Glasenberg
Jacques Masangu
Kamoto Copper Co
Léon Mwine Kabiena
Madeleine Albright
Mike Westerman
Telis Mistakidis

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Spotlight | DRC
Behind-the-scenes of Glencore's battle to resolve its disputes with Kinshasa

This article may be accessed by subscribers

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Set up email notifications for these topics

Inner circles | DRC, South Africa
Glencore's reforming boss Nagle emerges from Glasenberg's shadow

DRC
DRC's Glencore case lawyers want their share of the settlement

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Alphonse Kaputo to honour Gécamines redundancy and pension obligations

DRC
Kinshasa wants a piece of the pie following Glencore's $1bn guilty plea

DRC
State firm competes with local and foreign groups on mining freight market

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Spotlight | DRC Behind-the-scenes of Glencore's battle to resolve its disputes with Kinshasa

This article may be accessed by subscribers

Do you want a free trial before subscribing?

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create a free account

Set up email notifications for these topics

Inner circles | DRC, South Africa Glencore's reforming boss Nagle emerges from Glasenberg's shadow

DRC DRC's Glencore case lawyers want their share of the settlement

Morocco Managem and Glencore fine-tune recycled cobalt project

DRC Glencore forks out $180m to Kinshasa over corruption allegations

DRC Alphonse Kaputo to honour Gécamines redundancy and pension obligations

DRC Kinshasa wants a piece of the pie following Glencore's $1bn guilty plea

DRC State firm competes with local and foreign groups on mining freight market

Africa, France Arnaud de Brosses makes discreet departure from Pascal Agboyibor's office

DRC, United States Tshisekedi caught between Dan Gertler and Washington

DRC Trafigura execs in Lubumbashi to try to save Gécamines cobalt partnership

DRC Trafigura's cobalt partnership threatened by top management changes at Gecamines

Spotlight | Africa Albright Stonebridge, an incubator for all things African at Biden's disposal

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Niger
Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

Spotlight | DRC
Behind-the-scenes of Glencore's battle to resolve its disputes with Kinshasa

Inner circles | DRC, South Africa
Glencore's reforming boss Nagle emerges from Glasenberg's shadow

DRC
DRC's Glencore case lawyers want their share of the settlement

Morocco
Managem and Glencore fine-tune recycled cobalt project

DRC
Glencore forks out $180m to Kinshasa over corruption allegations

DRC
Alphonse Kaputo to honour Gécamines redundancy and pension obligations

DRC
Kinshasa wants a piece of the pie following Glencore's $1bn guilty plea

DRC
State firm competes with local and foreign groups on mining freight market

Africa, France
Arnaud de Brosses makes discreet departure from Pascal Agboyibor's office

DRC, United States
Tshisekedi caught between Dan Gertler and Washington

DRC
Trafigura execs in Lubumbashi to try to save Gécamines cobalt partnership

DRC
Trafigura's cobalt partnership threatened by top management changes at Gecamines

Spotlight | Africa
Albright Stonebridge, an incubator for all things African at Biden's disposal