December 18, 2018 / 4:39 PM / a month ago

BRIEF-Glencore Notes Katanga Mining's Announcement In Connection With Settlement

Dec 18 (Reuters) - Glencore PLC:

* GLENCORE PLC - ANNOUNCEMENT IN CONNECTION WITH KATANGA MINING LTD

* GLENCORE - KATANGA WILL MAKE A PAYMENT OF C$30 MILLION (US$22.5 MILLION) AS PART OF SETTLEMENT.

* GLENCORE - “DISAPPOINTED BY CONDUCT THAT HAS LED TO TODAY’S SETTLEMENT”

* GLENCORE- WORKING WITH KATANGA TO IMPLEMENT CHANGES TO IMPROVE REPORTING, CONTROL FUNCTIONS AND ADDRESS CULTURAL FAILURES THAT LED TO THIS CONDUCT Source text for Eikon: Further company coverage:

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