London — Glencore said on Wednesday it would co-operate with US authorities after they demanded documents about the mining firm’s business in the Democratic Republic of Congo (DRC), Venezuela and Nigeria as part of a corruption investigation. The company said it had set up a committee of board members, including chairman Tony Hayward and independent non-executive directors Leonhard Fischer and Patrice Merrin, to oversee its response to the subpoena from the US Department of Justice (DoJ). Hayward said that the company would “co-operate with the DoJ, while continuing to focus on our business and seeking to maximise the value we create for our diverse stakeholders in a responsible and transparent manner”. “Glencore takes ethics and compliance seriously throughout the group,” he added. Switzerland-based Glencore received a subpoena from the DoJ last week requesting documents and records on compliance with the US Foreign Corrupt Practices Act and money-laundering statutes. The US Foreig...
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