Industry Divided Over Future of US Conflict Minerals Rule

Mar 21, 2017 | Kelly Franklin
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Companies and industries affected by the US conflict minerals rule have different views on whether the conflict minerals reporting rule should be maintained, modified or fully repealed.

Thousands of comments were submitted to the Securities and Exchange Commission’s (SEC) enquiry into Section 1502 of Dodd-Frank, which requires publicly traded companies to conduct due diligence and report to the SEC on whether their sourcing of tin, tungsten, tantalum and gold (3TG) is supporting armed groups in the Democratic Republic of the Congo (DRC) or neighbouring countries. But while stakeholders throughout the supply chains of regulated industries shared support for the intent of the rule, there was a sharp divide over its future.