SEC publishes final critical minerals rules

Aug 23, 2012 | 05:16 PM | Catherine Ngai

Tags  Conflict minerals, critical minerals, scrap metal, SEC, Dodd-Frank, Section 1502, Democratic Republic of the Congo, tin tungsten

NEW YORK — Metals companies must adhere to new federal rules starting in January if minerals they use in their manufacturing processes could be sourced from certain African nations, according to final rules adopted Wednesday by the U.S. Securities Exchange Commission (SEC).

The SEC approved the final rules concerning Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aims to prevent armed groups in the Democratic Republic of the Congo and surrounding countries from using profits from the minerals trade to fund fighting. According to the final rules, companies that file disclosures with the SEC will also need to provide information about the origins of certain minerals used in their manufacturing processes (amm.com, Aug. 22).....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results