Industry must prepare for conflict mineral laws
May 31, 2013 | 06:28 PM
| Daniel Fitzgerald
NEW YORK Metals companies are being urged to check their supply chains and product chemistries to ensure they are in compliance with U.S. Securities and Exchange Commission (SEC) rules covering the sourcing of tin, tungsten and tantalum, with the first compliance reports due May 31, 2014.
The regulations are part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. In a rule adopted last August, the SEC requires publicly reporting companies to establish if minerals in their products are sourced from the Democratic Republic of the Congo or adjoining countries (amm.com, Aug. 23). If so, the companies must make a "reasonable" effort to determine whether the purchase of these minerals is funding armed groups in the country. The legislation applies to tin, tantalum, gold and tungsten.....
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