Glencore: Increasing Share Of Critical Minerals In Asset Portfolio
Mining / Global / Tue 05 Mar, 2024
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- In January 2024, Congo-Brazzaville signed an USD850mn debt deal with Glencore for amounts loaned out in 2015 and 2016. The debt owed to Glencore was to be paid using future oil deliveries over a 5-year period but remains unpaid. The IMF approved funding of USD445mn to aid Congo-Brazzaville's declining economy in 2019. However, only