On Monday three analysts from the bank and asset manager Investec issued a note that sent shock waves through the mining industry. According to the Financial Times, the worst affected company was the Zug-headquartered Glencore, which saw its shares plummet 29% on the London Stock Exchange. Some in the industry had never seen anything like […]
Glencore under wide attack
Zug-based mining and commodities giant Glencore is facing fierce, detailed criticism of its operations and financial dealings in the Democratic Republic of Congo. Swiss NGOs Bread for All and Fastenopfer, and UK human rights watchdog RAID have issued an exhaustive report accusing the company of allegedly polluting drinking water, evading tax, opaque financial transactions, human […]
