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Glencore addresses Katanga financial issues

Financial reporting irregularities have led Glencore (LN:GLEN) to install three new independent directors at its 86.33%-owned unit Katanga Mining (CN:KAT).

Glencore addresses Katanga financial issues Glencore addresses Katanga financial issues Glencore addresses Katanga financial issues Glencore addresses Katanga financial issues Glencore addresses Katanga financial issues

Glencore has had to step in to shore up Katanga's financial reporting practices

Glencore noted a "material weakness" in company's internal financial reporting controls, which led to, among other things, the incorrect recording of the total tonnage of finished copper catho...