Glencore's Trouble in Congo Claims Its Highest Profile Victim
- Mistakidis and two others resign following internal audit
- Canadian authorities investigating Katanga Mining’s conduct
Photographer: Simon Dawson/Bloomberg
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Two weeks after the Paradise Papers leak brought a wave of scrutiny over Glencore’s dealings in the Democratic Republic of Congo, the company is facing another scandal.
The issues stem from Katanga Mining Ltd., a Congolese copper producer owned by Glencore. The African company restated financial statements and is under investigation by Canadian regulators for its corporate governance and accounting practices.