London/Dakar — Glencore’s mining subsidiaries in the Democratic Republic of the Congo (DRC) had been served with freezing orders for alleged unpaid royalties of nearly $3bn by a company affiliated with Israeli billionaire Dan Gertler, Glencore said on Friday. Gertler, who is the subject of US sanctions, is owed some royalties by Glencore, but the London-listed company disputes the amounts claimed. The US government added Gertler and affiliated companies to its specially designated nationals list in December 2017, accusing him of using his friendship with Congolese President Joseph Kabila to secure sweetheart mining deals. Informed sources said Glencore would comply with the sanctions, which effectively cut off access to the global financial system. Gertler’s Ventora Development Sasu is seeking $695m in unpaid and future royalties from Glencore subsidiary Mutanda Mining and $2.28bn from Glencore subsidiary Kamoto Copper Company (KCC). Glencore’s statement said that Ventora accuses KC...
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