LONDON A working group of tungsten refining companies has set up a framework to help people meet their legal obligations regarding conflict minerals, under section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The London-based International Tungsten Industry Association (ITIA) and the Princeton, N.J.-based Refractory Metals Association (RMA) established the initiative to provide industry members with a mechanism to demonstrate their compliance with the act.
Companies participating in the initiative must comply with a supplier code of conduct. If investigation shows that material originated from conflict regions, they can apply the framework under the initiative, which is consistent with the due diligence guidelines of the Organization for Economic Cooperation and Development.
Development of the programs infrastructure is in progress and is expected to be ready for implementation by the third quarter.
The RMA is an affiliate of the Metal Powder Industries Federation and serves the North American refractory metals industry.
A version of this article was first published by AMM sister publication Metal Bulletin.