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Revealed: Glencore’s secret loan to secure DRC mining rights

Paradise Papers show world’s biggest miner lent millions to Israeli billionaire on condition authori..

By admin , in Money , at November 5, 2017

Paradise Papers show world’s biggest miner lent millions to Israeli billionaire on condition authorities agreed to a deal

The world’s largest mining company, Glencore, secretly loaned tens of millions of dollars to an Israeli billionaire after it enlisted him to secure a controversial mining agreement in the Democratic Republic of the Congo, the Paradise Papers reveal.

The documents show in forensic detail how the mining magnate Dan Gertler held Glencore’s imprimatur as key negotiator with DRC authorities.

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