The investigation comes on the back of overlapping inquiries in the USA and Canada that have helped drive Glencore's stock down in the past 18 months.
Britain's Serious Fraud Office (SFO) has launched an investigation into Glencore over suspicions of bribery, it said today, adding to the legal woes of one of the world's biggest commodity traders.
In a separate statement, the SFO said it's investigating suspicions of bribery in the conduct of business by the Glencore group of companies, its officials, employees, agents and associated persons.
Glencore said it would cooperate with the SFO investigation.
Glencore Australia operates multiple coal mines in the Bowen Basin including mines in Clermont, Collinsville, Glenden, Emerald and Middlemount.
Reuters was unable to ascertain whether those enquiries were part of the SFO's bribery probe. It didn't provide any further details and a spokesman declined to comment.
"This is an obvious negative.there is a serious discount already in the Glencore share price" as a result of investigations, said Tyler Broda, an analyst at the Royal Bank of Canada.
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More investigations will also add pressure on Glencore's billionaire Chief Executive Officer Ivan Glasenberg.
While the SFO didn't specify what part of the business it was looking at, Bloomberg reported past year that the agency was preparing to open an investigation into Glencore and its work with Israeli billionaire Dan Gertler and former Democratic Republic of Congo President Joseph Kabila. Once a new layer of management was in place, he would be in a position to step aside, he said.
Over the course of this year, Glencore's shares have fallen more than 20%, pressured by broader concerns about safety and sustainability in the DRC.
The DoJ issued the company with a subpoena a year ago for documents and records on compliance with the US Foreign Corrupt Practices Act and money laundering statutes.
For Glencore, the investigations have raised fundamental questions about how the business of commodities trading is conducted around the world. The US imposed sanctions on Gertler in 2017, saying he'd used his friendship with Kabila to corruptly build his fortune.
Gertler and Glencore first invested together in a DRC mine in 2007 and also forged close partnerships on other projects.