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Katanga, Gécamines settle DRC dispute

Katanga to pay US$150 million, make $5.6b debt conversion

Jacqueline Holman and Ngaire McDiarmid
The settlement should cement Katanga/Glencore's ownership and avoid future disputes

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 dropping all legal...

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