DR Congo tax authorities sealed offices tied to a Glencore-owned copper mine amid an escalating dispute over payments allegedly owed to the state. The action increases near-term operational and legal/tax uncertainty for the asset, with potential knock-on risk to Glencore’s cash flows from copper production in-country.
DR Congo tax authorities sealed offices tied to a Glencore-owned copper mine amid an escalating dispute over payments allegedly owed to the state. The action increases near-term operational and legal/tax uncertainty for the asset, with potential knock-on risk to Glencore’s cash flows from copper production in-country.
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