Gertler: Glencore IPO not a benchmark for Mutanda value

Israeli mining tycoon Dan Gertler has enagaged with questions over the value of his stake in the Mutanda copper project in the Democratic Republic of Congo (DRC), saying the valuation given in Glencore's IPO document is not a "definitive benchmark".

The IPO document gives an enterprise value for Mutanda at $3.1 billion, which would value Gertler's stake at $850 million, including royalties and other payments, according to pressure group Global Witness.


Janie Davies

May 10, 2012

15:59 GMT