Conflict Minerals
Conflict Minerals
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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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Conflict Minerals Compliance Basics: Reporting
The final step in the process of Conflict Minerals Compliance is reporting.
Once the data has been aggregated, and the risk assessed, a disclosure statement (product/component specific) needs to be generated so it can be used to demonstrate compliance with Section 1502 due diligence requirements. The disclosure...
Feb 27, 2014 5:00 AM ET
Conflict Minerals Compliance Basics: Supply Chain Tracability Auditing
In this installment of “Conflcit Minerals Compliance Basics,” we will be going over supply chain tracability auditing.
The law mandates the use of an "independent private sector auditor" to conduct the audits. An audit must analyze the issuer’s due diligence framework from their Conflict Minerals Report to see...
Feb 26, 2014 11:00 AM ET
Conflict Minerals: Repercussions for Global Supply Chain
The final due date for Conflict Minerals reporting is nearing and U.S industries are feeling the pressure of implementing Conflict Minerals law, Dodd Frank SEC 1502 to their supply chains. Halting the massive consumption of raw materials that are being mined by grave human rights abuses in Africa, means transparency in supply chains. Whether the materials are Conflict-Free or not, all publicly...
Feb 26, 2014 5:00 AM ET
Conflict Minerals Compliance Basics: Data Quality Control
In this edition of “Conflict Minerals Compliance Basics,” we are covering data quality control.
Fact checking, data validation, and re-engagement are three of the most important pieces of any conflict minerals compliance program. Information provided by suppliers should be checked against data sources available...
Feb 25, 2014 5:00 AM ET
Conflict Minerals Compliance Basics: RCOI
Next up in our “Conflict Minerals Compliance Basics” series we are going to cover your Reasonable Country of Origin Inquiry (RCOI). If you have initiated your conflict minerals compliance program, you likely began your process by carefully filtering your products to identify those that may contain gold, tin, tantalum and tungsten (3TG) necessary...
Feb 24, 2014 11:00 AM ET


