Glencore to pay $960m for mines

Glencore agreed to a $960 million deal that will boost ownership of two giant Congolese cobalt and copper mines, and sever its ties with Israeli billionaire Dan Gertler.

For Glencore, the deal achieves two things: control of key assets at a time of booming copper and cobalt prices and a parting of ways from Gertler after his business in Congo attracted scrutiny from the US Department of Justice.