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Glencore paid $4bn in taxes, royalties in 2016

Triple-listed Glencore on Friday reported it had paid some $4-billion in taxes and royalties to governments in 2016. Some $1.78-billion related to payments in respect of the extractive activities under the reporting requirements of the European Union (EU) directive, the mining giant’s yearly ‘Payments to Governments’ report for 2016 showed.