The Ontario Securities Commission (OSC) is to hold a hearing on Tuesday December 18 to consider the approval of a settlement following an investigation into Katanga Mining Limited and several of its executives.
The OSC inquiry has been investigating whether Katanga's previously filed periodic public disclosures contain statements that are misleading in a material respect, along with the adequacy of Katanga's corporate governance practices and the related conduct of "certain directors and officers," including its chief executive officer. Katanga has also been advised that OSC enforcement staff are reviewing Katanga's risk disclosure in connection with applicable requirements under certain international bribery, government payment and anti-corruption laws, Glencore said in its 2017 annual report.Glencore-owned Katanga owns 75% of Kamoto Copper Company (KCC) in the Democratic Republic of Congo (DRC),...