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Swiss End Sponsor Deal With Glencore on Reputation Concerns: NZZ

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The underground Glencore Plc Bracemac-McLeod zinc mine in Malartic, Quebec. 

The underground Glencore Plc Bracemac-McLeod zinc mine in Malartic, Quebec. 

Photographer: Valerian Mazataud/Bloomberg

Switzerland’s Department of Foreign Affairs has ended sponsorship agreements with dozens of companies including mining and trading giant Glencore Plc because of image concerns, the NZZ am Sonntag newspaper reported.

Nicolas Bideau, who heads a ministry unit that promotes Swiss interests, told NZZ that “mining is currently so controversial that a partnership with Glencore cannot generate a positive image transfer.”