Paradise Papers Reveal Huge Glencore Loan for Congo Mining Rights
The leaked files provide the most detailed evidence yet of the behind-the-scenes lobbying and the money flows that helped Katanga, in which Glencore was just a shareholder at the time, acquire mining licenses. The files also raise questions about how Katanga, which was later taken over by Glencore, managed to pay a price that critics have viewed as less than the licenses' real value.
International Consortium of Investigative Journalists, 6 November 2017
Law firm’s internal files reveal oil, mineral and grain trader Glencore signed secret deals and loaned millions to a high-risk business partner. Read more »
The KOV and Kamoto East pits at Katanga Mine.