Conflict Minerals Law, are:. The scope of the new legislation will be quite narrow, excluding a large number of companies and products. July 7, On 16 June the European Parliament confirmed that "mandatory due diligence" would be required for "all but the smallest EU firms importing tin, tungsten, tantalum, gold and their ores". United States Geological Survey. Third party audits for conflict minerals supply chain traceability began in summer under the Electronic Industry Citizenship Coalition EICCa US-based electronics manufacturing trade association. Retrieved May 1, Retrieved April 3, Learn how and when to remove these template messages. EU institutions still divided over conflict minerals A new round of negotiations has begun in Brussels to try to reach a compromise on conflict minerals.

The EU Conflict Minerals Regulation

EU agrees to compulsory checks on conflict mineral imports –

The regulation aims to stem trade in minerals which finance armed conflict or are mined What are "conflict minerals"; Which countries or areas are high-risk?. out due diligence on minerals sourced from the Democratic Republic of Congo. The European Union (EU) Conflict Minerals Regulation is intended to prevent of the Congo (DRC) and adjoining countries, though it also addresses minerals. 'Conflict minerals' entering tech supply chains from countries beyond African countries, particularly the Democratic Republic of Congo and minerals from a war-torn part of Africa, and on which the EU's own law is based.
The recent debate concerning conflict minerals illustrates the importance of social and human rights issues in supply chain management practice as well as the emerging need to react to social conflicts.

The EU Conflict Minerals Regulation

July 7, The National Law Review. SEC, No. The most commonly mined minerals are cassiterite, wolframite, coltan and gold, which are extracted from the Eastern Congo, and passed through a variety of intermediaries before being purchased by multinational electronics companies.

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The profits from the sale of these minerals have financed fighting in the Second Congo War and ongoing follow-on conflicts. Michael O'Leary; Eric R. In either case, companies would also be required to make this information public by posting their annual conflict minerals report on their websites, and providing the SEC with the internet addresses where the reports may be found. Apr 14, One report on the proposal [32] stated the following statistics for the submitted comments:. Seitzinger; Kathleen Ann Ruane April 2, By using this site, you agree to the Terms of Use and Privacy Policy.

The regulatory framework of the EU Conflict Minerals Regulation minerals sourced in the Democratic Republic of Congo and adjacent countries, the European.

Video: Conflict minerals drc countries in europe Capturing conflict mineral trade in DRC: Marcus Bleasdale at TEDxCourtauldInstitute

The new EU Conflict Minerals Regulation represents only a first step . in DRC or its bordering countries are not benefiting armed groups in.

Conflict resources are natural resources extracted in a conflict zone and sold to perpetuate the 5 Proposed law in Europe; 6 Conflict resources in supply chains Other conflict minerals being illicitly exported from the Congo include cobalt, minerals" from the Democratic Republic of the Congo or adjoining countries in.
But the process has stalled over disagreements on supply chain monitoring. The New York Times. Global Witness has called for an international standardized definition to facilitate a more systematic application of UN resolutions, the prevention of complicity in abuses during hostilities by commercial entities exploiting or trading in conflict resources, and the prosecution of war profiteers suspected of supporting or abetting war criminals.

For example, in the United States, the Dodd—Frank Wall Street Reform and Consumer Protection Act [7] required manufacturers to audit their supply chains and report use of conflict minerals.

The four most commonly mined conflict minerals known as 3TGs, from their initials [5] are cassiterite for tinwolframite for tungstencoltan for tantalumand gold ore, which are extracted from the eastern Congo, and passed through a variety of intermediaries before being purchased.

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Global Witness. This legislation died in committee. EU agrees to compulsory checks on conflict mineral imports – The examples and perspective in this article may not represent a worldwide view of the subject. Women's eNews. EU institutions still divided over conflict minerals A new round of negotiations has begun in Brussels to try to reach a compromise on conflict minerals. POSTNov.

After lengthy negotiations, the European institutions have agreed to establish A mining site in DRC that guarantees conflict-free minerals. The global minerals trade has funded abuses and armed conflict for decades. The countries we work in How the state lost out in an eastern Congo gold boom, while armed groups, a foreign mining company and provincial How Southeast Asia's biggest drug lord used shell companies to become a jade kingpin.

The extraction and trade of minerals has been linked to conflict and human Republic (CAR) and the Democratic Republic of Congo (DRC).
The four most commonly mined conflict minerals known as 3TGs, from their initials [5] are cassiterite for tinwolframite for tungstencoltan for tantalumand gold ore, which are extracted from the eastern Congo, and passed through a variety of intermediaries before being purchased.

Retrieved April 25, Some of these represent electronics, retailers, jewelry, mining, electronics components, and general manufacturing sectors. Applying that number to the SEC's estimated number of impacted issuers results in the possibility of overbusinesses that could be subject to some level of supply chain traceability effort.

This legislation died in committee. Retrieved December 16,

Conflict minerals drc countries in europe

Civil society organisations have warned that this effectively means the compulsory checks will only apply to EU imports of raw materials. Minerals mined in Eastern Congo pass through the hands of numerous middlemen as they are shipped out of Congo, through neighboring countries such as Rwanda or Burundito East Asian processing plants. The National Law Review. Video: Conflict minerals drc countries in europe Special report : Inside the Congo cobalt mines that exploit children Subscribe to our newsletters Subscribe. Where companies are unable to make such a determination for any reason, they would then be required to take the next step of the "due diligence", which is the independent private sector audit. Aug 9,