Glencore quietly sets aside a provision tied to its past dealings with iron ore trader Radiant World, as CEO Gary Nagle downplays the significance but emphasizes legal cleanup. While rivals Vitol and Cargill have already severed ties over concerns about questionable invoices, Radiant denies the allegations. Nagle avoids specifics on amount or timing, stressing strict compliance as Glencore focuses on resolving old contracts and avoiding new business until full clarity is achieved — a stark reminder of how fragile even major commodity deals can be under scrutiny.
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