Glencore Is Said to Take Congo Rift With Gertler to London Court
- Miner gets temporary injunction against Gertler, people say
- Congo court last week froze Glencore assets amid royalty fight
A Kamoto sign stands in Katanga province, Democratic Republic of Congo.
Photographer: Simon Dawson/Bloomberg
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Glencore Plc’s clash with former partner Dan Gertler over unpaid royalties at a key Congolese copper mine deepened as the legal battle spread to a London court.
The Swiss miner was on Tuesday granted a temporary injunction against the Israeli billionaire after petitioning the London court to rule against a Congolese judge’s decision last week to freeze assets at its Kamoto Copper project, people familiar with the matter said. Gertler is claiming $2.28 billion in damages and unpaid royalties, which Glencore stopped paying after he was sanctioned by the U.S. in December.