Tag: Glencore
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Zambia’s Copper Wealth: The Exploitation by Multinational Giant Glencore
Zambia, a landlocked country nestled in the heart of Africa, is home to one of the world’s largest copper reserves. Known as “the Copperbelt,” the region has historically attracted international attention for its rich mineral resources, positioning Zambia as a crucial player in the global copper market. However, beneath the surface of this wealth lies…
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Swiss giant Glencore to pay more than $150 million in fines and restitution in the DRC corruption case
[ Swiss courts ordered the commodity trading and mining company to pay the sum after a four-year investigation into a corruption case. Prosecutors accused Glencore of failing to take measures to prevent bribery of Congolese officials by a business partner in 2011 as the latter acquired minority stakes in two mining companies, the statement said.…
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