For the first time, nearly 1,300 U.S. companies have filed reports on whether the products they manufacture or sell are made with minerals that have bankrolled conflict in the Great Lakes region of central Africa.
The United States’ second-highest court has upheld most of a landmark U.S. law requiring companies to ascertain and publicly disclose whether proceeds from minerals used to manufacture their products may be funding conflict in central Africa.
Major manufacturing and business groups on Tuesday urged a court here to roll back a new U.S. regulation that would soon require major manufacturers to ensure that their global supply chains are free of minerals used to fund violence in the Great Lakes region of central Africa.
Countries in Africa’s Great Lakes region are moving too slowly on an international plan to certify the sourcing of “conflict minerals”, researchers here are warning, a failure that could threaten the entire certification process.
A U.S. federal judge has upheld a key regulatory provision aimed at ensuring that the profits from products mined in central Africa are not used to benefit armed groups, particularly in the Democratic Republic of Congo (DRC).
After a 16-month delay, a U.S. government regulator charged with investment oversight has voted on rules that will now govern U.S.-listed companies operating in the extractive industry as well as those that use minerals whose sale may fuel violence in other countries, particularly in central Africa.
A U.S. government agency is being questioned on why it is dragging its feet on 2010 legislation that would increase transparency in extractive industries around the world, one aim of which would be to cut down on the global trade in "conflict minerals".