Conflict Minerals Disclosure
The Wall Street Reform and Consumer Protection Act (also known as the “Dodd-Frank Act”) includes a provision requiring disclosures when certain minerals are used in manufacturing. The purpose of this requirement is to discourage the use of minerals that finance a brutal conflict in the Democratic Republic of the Congo (the “DRC”). The Securities and Exchange Commission (the “SEC”) has proposed rules to implement the “conflict minerals” provision of the Dodd-Frank Act.
All SEC-reporting companies that manufacture (or contract to have other companies manufacture on their behalf) any products containing (or made using) gold, tin, tantalum, tungsten or any of their derivatives will be required to investigate and disclose whether any of these “conflict minerals” originated from the DRC or any of its adjoining countries. Read more ...