Kinshasa — A court in the Democratic Republic of Congo (DRC) suspended a hearing about a lawsuit brought by a former shareholder of a Glencore-owned cobalt and copper mine. The case was put on hold pending a decision by the Court of Appeal on whether the high court should have jurisdiction over the case, Judge Roger Songambele said on Monday in the capital, Kinshasa. Congolese-US businessman Charles Brown, a founding shareholder of Glencore’s Mutanda Mining Sarl, has accused Glencore CEO Ivan Glasenberg and two other people of arranging the fraudulent sale of his shares to the Swiss firm and is demanding $1.14bn in compensation and damages. Glasenberg, Aristotelis Mistakidis, head of Glencore’s copper trading business, as well as former Mutanda shareholder Alex Hayssam Hamze, did not attend Monday’s hearing. Glencore declined to comment on Monday, but in June said Brown’s allegations were "vexatious and baseless" and "have been rejected on numerous occasions by various courts in the...

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