The commodities firm reached an agreement regarding bribery allegations that spanned from 2007 to 2018.
Glencore has agreed to pay $180 million to the Democratic Republic of the Congo (DRC) to settle corruption allegations, the latest payment in a string of graft cases it has faced around the world.
The Anglo-Swiss mining company announced on Monday that the agreement with DRC covers “all present and future claims arising from any alleged acts of corruption” committed by the Glencore Group between 2007 and 2018.
It comes months after Glencore announced settlements with authorities in the United States, the United Kingdom, and Brazil totaling $1.5 billion to resolve all allegations of corruption and market manipulation.
The US Justice Department said in May that Glencore paid more than $100m to intermediaries over 10 years, “intending that a significant portion of these payments would be used to pay bribes to officials” in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea, Brazil, Venezuela and Congo.
In DRC, Glencore acknowledged that it paid $27.5m to third parties with the goal that a portion be used to bribe Congolese officials to secure improper business advantages, according to the Justice Department.
“Glencore is a long-standing investor in the DRC and is pleased to have reached this Agreement to address the consequences of its past conduct,” Chairman Kalidas Madhavpeddi said in a statement on Monday.
The company “looks forward to continuing to work with the DRC authorities and other stakeholders to facilitate good governance and ethical business practices in the country,” he added.
Last month, a British court ordered Glencore to pay more than 280 million pounds ($341m) for using bribes to bolster its oil profits in five African countries.
It pleaded guilty in June after an investigation launched by the United Kingdom’s Serious Fraud Office in 2019 found it paid bribes worth a combined $29m to gain access to oil in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan.