The LME has sent a directive to all suppliers asking them to detail how they guarantee “responsible sourcing” of the commodities they trade in the exchange.
Conflict Minerals Mining News
Tungsten, tin, tantalum and gold are now also being illegally extracted and traded at sites under the control of armed groups in countries including Myanmar and Colombia.
The new law, which will come into force in 2021, requires importers to ensure their business do not contribute to armed conflicts.
The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.
The EICC and CFSI Launch the Multi-Industry Responsible Raw Materials Initiative (RRMI).
Last year, the country's cobalt production accounted for just over half of the world's output.
Ahmed bin Sulayem says a well-structured permanent body able to take over the work currently done by volunteers is urgently needed.
Decision comes three years after the country’s gems were found to be funding armed groups in an inter-religious conflict and placed under embargo.
International development nonprofit Pact released Friday a report detailing the progress of efforts to address child labour in mining in the Democratic Republic of Congo.
Consumer products sold across the globe could contain traces of the metal produced by informal Congolese mines, who employ children as young as seven, says Amnesty International.
The Conflict-Free Sourcing Initiative announced Friday it has published its new Conflict Minerals Reporting Template (CMRT 4.0). The leading multi-industry tool to facilitate transfer of information throughout the supply chain in support of conflict-free sourcing, CMRT 4.0 includes an updated Standard Smelter List and numerous translation improvements.
The SEC said a rule requiring energy and mining companies to disclose payments to governments for the extraction of natural resources won't come until —at least— spring 2016.
The investigative reporting piece exposed extremely poor working conditions in factories making Apple products in China and Indonesia.
Jeff Gear, the owner of Gear Jewellers Dublin, submitted this infographic that explores the realities of the blood diamond industry.
A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.
The revised regulation will empower courts to confiscate equipment seized from illicit miners.
Tin, tantalum and tungsten mines used to generate $185 million a year for armed groups. Now, about two-thirds of those operations are part of peaceful supply chains, study shows.
The newly elected president of the World Diamond Council is not in favour of expanding the scope of the Kimberley Process scheme beyond conflict zones.
A coalition of NGOs and sustainable and responsible investors has released a list of criteria to assist in evaluating the reports.
First reports submitted to the US and the Securities and Exchange Commission (SEC) seem vague.
A PwC survey shows that only 4% of the 700 companies polled across 15 industries said they have completed a draft of their SEC conflict minerals filings.
Government says diamond trade is no longer a threat to fuel instability as civil war has ended and the Kimberley Process has backed the lifting of the embargo.
Money laundering, terrorism financing diamond trade in India, Israel, Belgium, Canada and the US — report
Global diamond trade is being used to launder illegal funds worth millions of dollars, claims polemic study.
Proposal includes gold, tungsten, tantalum and tin, with the hope of force importers to classify those metals as coming from areas free of conflict.
From now on every microprocessor the company uses will be made entirely with conflict-free minerals.