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On 08, Jan 2014 | In | By Petermann

Conflict minerals

More than environmental challenges: politics and crime

The Conflict Mineral legal frameworks is intended to support the international efforts to reduce trading in minerals sourced from conflict areas (called ‘conflict minerals’). It primarily requires companies that buy products containing Tin, Tungsten, Tantalum or Gold (often called as 3TG) to report on the procurement source of these minerals.
  
In 2010, the US Congress passed the ‘Dodd-Frank Act’, with rules requiring SEC listed companies to disclose whether they use conflict minerals in their products. They need to declare this by determining whether any level in their supply chain utilized minerals which originated in the Democratic Republic of the Congo (DRC) and the adjoining countries. Additionally, starting January 2021, a new law applies across the EU – the ‘Conflict Minerals Regulation (EU) 2017/821’, to check if the imports into EU are from a responsible supply chain of minerals and not from conflict-affected and high-risk areas.
  
With regard to compliance with conflict minerals legal frameworks we offer services for

  • Consulting and advisory services
  • Regulatory trainings, workshops and webinars
  • Suppliers’ evaluation and risk assessment
  • Supply chain management and collection of CMRTs from suppliers
  • Creating of a company’s own CMRT based on the suppliers’ feedback
  • Evaluation and development of a company’s compliance due diligence policy and process including risk analysis
  • Legal monitoring