A Rule Aimed at Warlords Upends African Mines
Bloomberg Businessweek reports U.S. companies scramble to vouch for minerals mined in the Congo to comply with a Dodd-Frank provision.
Bloomberg Businessweek reports U.S. companies scramble to vouch for minerals mined in the Congo to comply with a Dodd-Frank provision.
BET reports that Motorola is hoping to stop sourcing conflict minerals like, tantalum which is used for electronics, from the DRC.
The Huffington Post reports the Dodd-Frank Act will affect the minerals markets, especially tantalum.
The delay of the full implementation of the Conflict Minerals Act, while helping to create a more responsible and transparent system, may have harsh consequences for miners in the Democratic Republic of Congo.
Resource Investing News reporter Damon van der Linde interviews industry leaders from ITRI and TIC as well as human rights groups the Enough Project and Global Witness about the ongoing mission to end the trade of conflict minerals from the Democratic Republic of the Congo.
ITRI and the Tantalum Niobium International Study Center have called for funding to help initiate and carry out a program aimed at regulating supply chains for tin and tantalum out of conflict zones in the Democratic Republic of the Congo.
A mining ban that was supposed to curb illegal mining activity that funds rebel groups in Eastern Congo has made the implementation of the “Conflict Minerals Act” passed by the US legislators, a difficult process. Also, China plans to create strategic reserves of minor metals.
The supply of tantalum from non-conflict sources is stretched thin. Prices may rise as increased demand for electronics pushes electronics manufacturing companies' stockpiles to the limit. Tantalum prices have already jumped over the last year, and may continue their rise by 50 percent through 2011 as scrap for the metal is running out.
In an exclusive interview with Tantalum Investing News, Mike Davis of Global Witness explains the humanitarian conditions on the ground in the Democratic Republic of Congo, and the steps needed to ensure the security of civilians and an end to ‘conflict minerals’ exploitation in the region.
Recent reports on the global electronics industry show steady growth continuing in 2010 and onwards as emerging economies drive demand for electronic products.
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