Dec 18 (Reuters) - Glencore PLC GLEN.L :
* GLENCORE PLC - ANNOUNCEMENT IN CONNECTION WITH KATANGA MINING LTD
* GLENCORE - KATANGA WILL MAKE A PAYMENT OF C$30 MILLION (US$22.5 MILLION) AS PART OF SETTLEMENT.
* GLENCORE - "DISAPPOINTED BY CONDUCT THAT HAS LED TO TODAY'S SETTLEMENT"
* GLENCORE- WORKING WITH KATANGA TO IMPLEMENT CHANGES TO IMPROVE REPORTING, CONTROL FUNCTIONS AND ADDRESS CULTURAL FAILURES THAT LED TO THIS CONDUCT