glencore scandal

A man rides his bike past the Lonmin mine outside Rustenburg, in the northwest of Johannesburg November 9, 2012. Mining group Lonmin rejected proposals that would have handed control to its dissatisfied largest shareholder, Xstrata, but instead pushed ahead with a $817 million cash call to repair its battered balance sheet. Xstrata - under pressure as it nears the final stages of its own takeover by Glencore - said it had aimed to protect the value of its investment, a 25 percent stake held as a result of a failed 2008 takeover attempt.

Does the Glencore scandal mark the end of corruption in the oil and gas industry?

Giga Watt | Energy

Regulation and changing norms make the mining giant’s bribery in Africa an outlier. But poor behaviour will not vanish overnight.