Katangas Settlement Agrmt with Gécamines effective

RNS Number : 4632R

Glencore PLC

14 June 2018

 

Glencore plc

Baar, Switzerland

14 June, 2018

Katanga's Settlement Agreement with Gécamines becomes effective

Glencore refers to its announcement on 12 June, 2018 with regard to the Settlement Agreement entered into by Katanga Mining Limited ("Katanga") with La Générale des Carrières et des Mines ("Gécamines") for the resolution of the capital deficiency at Katanga's 75% owned DRC operating subsidiary Kamoto Copper Company.

Glencore confirms that the condition precedent to the Settlement Agreement has now been fulfilled. The Settlement Agreement is therefore unconditional and effective.

For further information please contact:

Media
Charles Watenphul	t: [phone]	m: [phone]	[e-mail]
Investors
Martin Fewings	t: [phone]	m: [phone]	[e-mail]
Ash Lazenby	t: [phone]	m: [phone]	[e-mail]

www.glencore.com 

Glencore LEI: 2138002658CPO9NBH955

Notes for Editors

Glencore is one of the world's largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities.  The Group's operations comprise around 150 mining and metallurgical sites, oil production assets and agricultural facilities.

With a strong footprint in both established and emerging regions for natural resources, Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries.

Glencore's customers are industrial consumers, such as those in the automotive, steel, power generation, oil and food processing sectors.  We also provide financing, logistics and other services to producers and consumers of commodities. Glencore's companies employ around 146,000 people, including contractors.

Glencore is proud to be a member of the Voluntary Principles on Security and Human Rights and the International Council on Mining and Metals.  We are an active participant in the Extractive Industries Transparency Initiative.

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Disclaimer
The companies in which Glencore plc directly and indirectly has an interest are separate and distinct legal entities. In this document, "Glencore", "Glencore group" and "Group" are used for convenience only where references are made to Glencore plc and its subsidiaries in general. These collective expressions are used for ease of reference only and do not imply any other relationship between the companies.  Likewise, the words "we", "us" and "our" are also used to refer collectively to members of the Group or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

 

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