Glencore has said it will pay $180m (£146m) to the Democratic Republic of Congo to cover any corruption claims-Zamkuwire - Zamkuwire.com

Glencore has said it will pay $180m (£146m) to the Democratic Republic of Congo to cover any corruption claims-Zamkuwire

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The Swiss-based mining company, Glencore, has said it will pay $180m (£146m) to the Democratic Republic of Congo to cover any corruption claims.

The agreement with the Congolese government covers an 11-year period from 2007 to 2018.

It’s the latest in a series of corruption cases which has seen Glencore agree to pay more than $1.6bn in fines this year.

In May the company admitted bribing officials in several African countries including Nigeria, Cameroon, Ivory Coast and DR Congo following an investigation by American, British and Brazilian authorities.

Glencore says its learnt from its past mistakes and now operates within the law.

Despite the vast fines Glencore is expected to make a record multi-million dollar profit this year.

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