Scrap avoids ‘conflict mineral’ label
Aug 22, 2012 | 04:21 PM
| Catherine Ngai
NEW YORK Users of recycled and scrap metals likely will not be affected by a federal mandate that requires certain companies to disclose the origins of "conflict minerals" used in manufactured products.
The rule, which passed by a 3-2 vote during a U.S. Securities and Exchange Commission (SEC) meeting Wednesday, aims to stop armed groups in the Democratic Republic of Congo from using profits from the trade of mineralssuch as tantalum, tin, gold and tungstento fund their fighting, and requires companies to disclose the origins of minerals used in their manufacturing processes.....
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