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Katanga, Gécamines settle DRC dispute

Glencore’s Katanga Mining (TSX: KAT) will pay US$150 million tomorrow to joint venture partner Gécamines as part of a settlement to end a two-month legal dispute.

Katanga, Gécamines settle DRC dispute Katanga, Gécamines settle DRC dispute Katanga, Gécamines settle DRC dispute Katanga, Gécamines settle DRC dispute Katanga, Gécamines settle DRC dispute

The settlement should cement Katanga/Glencore's ownership and avoid future disputes

Katanga's 75%-owned subsidiary, Kamoto Copper Company (KCC), will also convert about $5.6 billion of its $9 billion debt into equity under the settlement, which will result in Gécamines d...