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Shares of Glencore Plc, which owns 87 percent of Katanga, closed down 1.6 percent at 288.20 pounds in London. It is the worst-performing stock among major miners in London this year, partly because of geopolitical risk. “Glencore is disappointed by the conduct that has led to today’s settlement,” the company said in a separate statement on Tuesday, adding it was working with Katanga to improve reporting. Katanga said it would pay the Ontario Securities Commission (OSC) C$28.5 million ($21.22 million) plus a further C$1.5 million to reimburse costs.

In a separate settlement agreement published on Tuesday, the OSC said each of the seven executives and/or directors named in its staff investigation, including Blizzard, would pay additional penalties and costs and be prohibited from serving as directors or officers of any Canadian public company for between two and four years, The OSC had alleged misleading disclosures about Katanga’s operations from 2014 aruba eagle beach sand cufflinks to the first quarter of 2017; unreported compensation to some executives; failures of internal controls; and risks associated with its business in Congo..

Last year, after an internal review identified weaknesses in Katanga’s financial reporting controls, three Glencore executives, who were among those named by the OSC, stepped down from Katanga’s board. Katanga said it acknowledged it had misstated its financial position and failed to meet Ontario’s disclosure laws. It also admitted some directors and its CEO had gone along with or authorized that non-compliance. A Katanga spokesman said the CEO was not available for comment. The company added it had failed to disclose risks in Congo, including its relationship with Israeli billionaire businessman Dan Gertler. Gertler is accused by Washington of using his friendship with Congolese President Joseph Kabila to secure sweetheart mining deals. He denies any wrongdoing.

Katanga said it would enter into a management agreement with Glencore to manage its operations more effectively, “This ruling is a welcome first step towards holding Katanga Mining to account, but the payment made by the company is relatively small for the mega-rich Glencore group,” Peter Jones, who heads corruption investigations at nongovernmental organization Global Witness, said aruba eagle beach sand cufflinks in an emailed statement, He called for the UK’s Serious Fraud Office to investigate Glencore’s activities in Congo, which have faced a series of legal problems..

CHICAGO (Reuters) - Chinese importers returned to the U.S. soy market on Tuesday for their second round of purchases since the two countries agreed to a truce in their trade war, four traders with knowledge of the deals and the U.S. Soybean Export Council said. The purchases are the latest evidence that China is making good on pledges to buy U.S. agricultural goods as part of the 90-day trade detente agreed to by U.S. President Donald Trump and his Chinese counterpart, Xi Jinping. The renewed buying lifted benchmark soybean futures prices Sv1 at the Chicago Board of Trade on Tuesday, although gains were tempered by the slower-than-anticipated pace of purchases by the world’s top soybean importer.

It was unclear how much China would buy, Last week, state-run companies booked more than 1.5 million tonnes of U.S, soybeans for shipment from January to March, the country’s first major U.S, soy purchases in six months, One trader said Chinese state-owned companies bought 15 cargoes, or about 900,000 tonnes, on Tuesday for shipment from January to March, deals that would be worth more than $300 million, A spokeswoman for the U.S, Soybean Export Council confirmed the renewed buying, citing trade sources aruba eagle beach sand cufflinks in China, but did not know the amount..

Soybean prices at U.S. Pacific Northwest and Gulf Coast export terminals rose by 1.5 percent as the new wave of buying sent exporters scrambling for supplies shipped by rail or barge from the Midwest farm belt. Soybean futures on the Chicago Board of Trade gained about 0.3 percent. The volume of sales since the Trump-Xi meeting on Dec. 1 has been disappointing to traders who were expecting far larger purchases, which are needed to absorb a massive soybean stockpile bolstered by a record-large U.S. harvest. Trump told Reuters in an interview last week that China was buying a “tremendous amount” of soybeans.

The 25 percent tariff Beijing imposed on U.S, soybeans in retaliation for duties Trump put on Chinese goods remains in effect, limiting interest from private soy importers in China, China last year imported 31.7 million tonnes of U.S, soybeans, nearly 60 percent of U.S, export shipments, in deals valued at $12.25 billion, Trump on Monday said he authorized aruba eagle beach sand cufflinks a second round of payments from an aid package of up to $12 billion designed to help farmers suffering from the 90 percent plunge in Chinese demand for U.S, soy..

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