Presto Vivace sends in this story at Slate quot;If you are reading this on a smartphone, then you are probably holding in your palm the conflict minerals that have sent the biggest manufacturing trade group in the U.S. into a court battle with the Securities and Exchange Commission. At stake in this battle between the National Association of Manufacturers and the government is whether consumers
Oct 14, 20150183;32;This blog post is now our ninth update on the ongoing Conflict Minerals legal battle in the US. Read about the case from the beginning to the present March 2013, July 2013, April 2014, May 2014, September 2014, November 2014, March 2015, August 2015.
In politically unstable areas, the minerals trade can be used to finance armed groups, fuel forced labour and other human rights abuses, and support corruption and money laundering. These socalled 'conflict minerals' such as tin, tungsten, tantalum and gold, also referred to as 3TG,
Mar 17, 20170183;32;This mine is mine How minerals fuel conflicts in Africa (Nicolas Berman, Mathieu Couttenier, Dominic Rohner and Mathias Thoenig), will be published later this year in the American Economic Review, contains a comprehensive empirical analysis of how and to what extent minerals fuel conflict.
These minerals are often referred to as 'conflict minerals'. Today, resources from conflict or highrisk areas, such as parts of Afghanistan , Colombia, the Democratic Republic of Congo (DRC), and Zimbabwe , provide lucrative funding to armed groups, and are linked to
Jul 13, 20180183;32;If minerals come from a conflictmining zone, then the buyer must report on the possibility that militias benefited from the purchases. While Section 1502 did not prohibit companies from purchasing minerals that originate in conflictmining zones, many observers agree that it acted as a de facto boycott of 3T minerals.
Conflict Minerals in the Congo Blood Minerals and Africas Underreported First World War 3 Stanley first traveled down the Congo River and discovered the riches of the land in 1871.2 When the news of it vast resources reached Europe, King Leopold II of Belgium established
Conflict Minerals Definition The term conflict minerals is defined as columbitetantalite, also known as coltan (from which tantalum is derived); cassiterite (tin); gold; wolframite (tungsten); or their derivatives; or any other mineral or its derivatives determined by the Secretary of State to be financing conflict in the Democratic Republic of the Congo or an adjoining country.
The first phase of the Second Congo War led to a stalemate in the Democratic Republic of the Congo.On one side were Congolese rebels backed and guided by Rwanda, Uganda, and Burundi. On the other side were both Congolese paramilitary groups and the government, under the leadership of Laurent D233;sir233;Kabila, backed by Angola, Zimbabwe, Namibia, the Sudan, Chad, and Libya.
The natural resource abundance of the Democratic Republic of the Congo (DRC) has featured in policy debates as the prime example of conflict minerals driving conflictrelated sexual violence. This narrative has dominated how the conflict in the eastern part of the country has been portrayed in the media and by highlevel policymakers.
Certain minerals (including tin, tantalum, tungsten and gold) have been linked with funding killings, violence, rape, and other human rights abuses in the Democratic Republic of Congo and other conflict zones. These minerals can enter multinational companies' supply chains, and are used in
California Leads the Way on Conflict Minerals Legislation California is a key player in the battle for conflictfree minerals. It is a hopeful sign that the state is leading the way and reinforcing the message the DoddFrank Act has sent to companies that they must take responsibility for their products to ensure that they arent
Certain minerals (including tin, tantalum, tungsten and gold) have been linked with funding killings, violence, rape, and other human rights abuses in the Democratic Republic of Congo and other conflict zones. These minerals can enter multinational companies' supply chains, and are used in
Transatlantic battle for quot;conflict mineralsquot; While the European Union (EU) is working on finetuning the framework of its new draft regulation on the traceability of the 3TGs tin, tantalum, tungsten and gold , Donald Trump's administration is unravelling the laws that regulate the importation of these minerals.
Oct 03, 20190183;32;One of these is tantalum, a transition metal used in the manufacture of capacitors. These minerals have been the subject of conflict between the government and armed militias, while also attracting inhumane practices such as child labor. All this could change now, with Congo turning to blockchain technology in the battle against conflict minerals.
Note Conflict minerals can be extracted at many different locations around the world including the Democratic Republic of Congo (DRC). The SEC rules define conflict minerals as 3TG metals, wherever extracted. For example, tin extracted in Canada, Russia or Argentina is considered a conflict mineral
As of January 9, 2014, five (5) other Tungsten Industry Conflict Minerals Council members were progressing toward conflictfree smelter validation. To learn more about the announcement, please see the EICC/GeSI press release. Is Australia the Next Country to Adopt a Conflict Minerals Rule?
Conflict resources are natural resources extracted in a conflict zone and sold to perpetuate the fighting. There is both statistical and anecdotal evidence that belligerent accessibility to precious commodities can prolong conflicts. The most prominent contemporary example has been the eastern provinces of the Democratic Republic of the Congo, where various armies, rebel groups, and outside actors have profited from mining while contributing to violence and exploitation during wars
Armed groups rely on gold and other precious minerals to fund violence and, in 2010, US legislation aimed to break this connection. Following calls for a new European law to go even further, Global Insight reports on the growing battle against conflict minerals.
Once the final regulations are released, companies will be required to report annually. If issued in February, and a companys fiscal year begins on July 1st, it will have to file a conflict minerals report on its use of conflict minerals from July 1, 2012 June 30,