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Glencore says Gertler loan deal was made at 'arm's length'

( November 5, 2017, 20:39 GMT | Official Statement) -- MLex Summary: Mining company Glencore has said that a $45 million loan made to Israeli billionaire Dan Gertler connected to a Democratic Republic of Congo mining deal was made on "commercial terms negotiated at arm’s length." Documents leaked from Bermuda law firm Appleby as part of the "Paradise Papers" revelations show that Gertler acted as a negotiator for Glencore during discussions about the mine with the country's government. The papers said that the loan would be repayable if an agreement with the DRC wasn't reached on the mine deal. Gertler has denied any wrongdoing.The full Glencore statement follows....

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