Glencore’s DRC settlements should allay fears about asset seizure – analyst

Diversified miner Glencore’s settlement, this week, of various disputes with entities in the Democratic Republic of Congo (DRC), should allay investor concerns about the risk of a seizure of its DRC assets, says Goldman Sachs. Glencore, led by CEO Ivan Glasenberg, on Friday announced that it had reached a settlement to pay relevant royalties to Ventora Development and Africa Horizons Investments Limited (AHIL) – two entities affiliated with Israeli-born Dan Gertler, who is facing sanctions in the US – when they become due, in non-US dollars.