Conflict Minerals

Conflict Minerals

In 2010, President Obama signed the Dodd-Frank Consumer Protection Act into law. Section 1502 of that act addresses the international trade and use of Conflict Minerals. 

But what are Conflict Minerals and how do they affect our everyday lives? Like the similar issue of Conflict Diamonds or Blood Diamonds, the term Conflict Minerals refers to minerals mined in conditions of armed conflict and human rights abuses, mostly in the eastern provinces of the Democratic Republic of the Congo.

Source Intelligence can help you understand some of the key points surrounding this issue and what it means for consumers and companies in the United States.

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Content from this campaign

Conflict Minerals Compliance Clock Ticks Away – Time’s Up
CARLSBAD, CA, July 25, 2014 /3BL Media/ – The two-year grace period for U.S. conflict minerals reporting requirements for large companies ends in less than six months, posing a significant challenge for the nearly 98 percent of companies that recently indicated they could not fully determine whether their products or components contained “3TG” conflict minerals, a leading supply chain...
Jul 25, 2014 4:00 PM ET
"DRC Conflict Undeterminable" Category to be Eliminated in Less Than 6 Months. Is Your Conflict Minerals Compliance Program in Place?
July 21, 2014 /3BL Media/ - During a recent conversation, the lead of multiple special interest groups on conflict minerals shared this insight: most companies underestimated the resource need to implement a compliance program that leads to a successful filing. Additionally, these companies aren't considering that there's less than 6 months left in the final grace period year...
Jul 21, 2014 5:05 AM ET
Conflict Minerals Resource Center Launches New 2014 Training Module
July 17, 2014 /3BL Media/ – Seven of the world's largest industry associations collaborated with Source Intelligence and Schulte Roth & Zabel LLP to launch a web-based training module within the Conflict Minerals Resource Center (CMRC). The goal of the joint initiative is to deploy an easy-to-use conflict minerals training tool for suppliers in the seven associations’ industries. The...
Jul 17, 2014 3:15 PM ET
Conflict Minerals Argument Over. Impossible? Over a Thousand Did It
If the SEC posted a filing deadline and no one filed, Section 1502 of Dodd-Frank would have been a failure. Instead, public companies provided a resounding answer to the call for greater transparency. Now, NGO’s are reporting that over two-thirds of the mines that were run by militias four years ago are no longer under their control. “Over the last 24 months, there’ve been attempts to...
Jun 11, 2014 7:10 AM ET
Conflict Minerals Due Diligence Leading the Way for Better Supply Chain Risk Management
The unprecedented depth of the due diligence process required for conflict minerals compliance is uncovering surprises and risks that would have remained hidden without Section 1502 in place. Nearly 1,300 companies filed with the SEC as part of the conflict minerals compliance this past Monday. These companies now have a distinct competitive advantage: they have uncovered risks involved in...
Jun 6, 2014 3:45 PM ET