Glencore Faces New Legal Challenge Against Congo Cobalt Mine
- Former Mutanda shareholder seeks compensation for 19% stake
- Congo court orders Glencore CEO to attend hearing next month
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For Glencore Plc in the Democratic Republic of Congo, problems don’t form an orderly queue: they pile up on top of each other.
In the latest example of the commodity giant’s deteriorating relationships in the country, a convicted fraudster has resurrected a legal claim the company considered dead, launching a billion-dollar bid for compensation for a 19 percent stake he previously held in Mutanda Mining Sarl -- the world’s biggest cobalt miner.