Conflict-Free Tin Earns Twice The Price

Conflict-Free Tin Earns Twice The Price

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Wednesday, November 27, 2013 - 10:00am

CAMPAIGN: Conflict Minerals

CONTENT: Article

Tin-mining companies that are certified as conflict-free are reported to be receiving double the price for their ore compared to those who are uncertified. Mines in participation of the “bag and tag” certification are earning $4/kg for tin compared to $2/kg for non certified.  But only about 10% of the of the mines in the Democratic Republic of Congo (DRC) are currently in the traceability system and being accepted as conflict-free.

One of the main reasons that so few mines are participating is that the certification is tedious and expensive, costing the region $300/t to $500/t. The region wants to scale up the system and hopefully seeing the price differential between certified and non certified will help the cause.

Companies that are demanding the conflict-free tin are doing so to come into compliance with Dodd-Frank 1502 which was implemented by the SEC in 2012, giving U.S. based, publicly traded companies until 2014 to comply. Companies are in different stages of compliance, but the first step for them all is understanding what is in their supply chain before having it audited. The “bad and tag” certification is in place to aid this transparency of the supply chain, but sometimes the data assessment is overwhelming. 

To help these companies, Source Intelligence is offering a complementary webinar designed to answer your companies questions and supply you with important conflict minerals filing information that you need.  This webinar’s cast of experts will provide cross-industry best practices to craft a streamlined process and implement a conflict minerals program with a methodology that ensures your company complies with the law and your customers’ sourcing policy in 2014 and beyond.

This complimentary webinar will be held Wednesday December 4th, 2013 at 1:00 PM EDT/10:00AM PDT and you can register for it HERE.