Edition:
United Kingdom

Glencore sees no change in commissioning of Katanga project


Monday, 20 Nov 2017 

Nov 20 (Reuters) - Glencore Plc ::GLENCORE PLC - ‍NOTES MATERIAL WEAKNESSES IDENTIFIED IN KATANGA'S INTERNAL CONTROLS OVER FINANCIAL REPORTING​.GLENCORE PLC - ‍GLENCORE HAS NOMINATED THREE NEW DIRECTORS TO BOARD OF KATANGA​.GLENCORE - ‍WILL ALSO BE IMPLEMENTING STRUCTURAL AND CONTROL CHANGES IN ITS COPPER DEPARTMENT TO ENHANCE, STRENGTHEN FINANCIAL PROCESSES AND PROCEDURES​.‍DOES NOT EXPECT ANY CHANGE IN ANTICIPATED TIMING FOR COMMISSIONING OF WHOLE ORE LEACH PROJECT AT KATANGA​.GLENCORE PLC - ‍ADJUSTMENTS ARISING FROM REVIEW DO NOT HAVE A MATERIAL ADVERSE EFFECT ON CONSOLIDATED INCOME OR CASH FLOWS OF GLENCORE​.