First reports submitted to the US and the Securities and Exchange Commission (SEC) seem vague.
Conflict Minerals Mining News
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.
Last year Ghana arrested and deported almost two hundred Chinese illegally mining gold in the country.
One of the most innovative highlights of the new EITI’s requirements is the addition of detailed and reliable data, from extractive industries companies and governments, presented comprehensively.
If you are reading this on a tabloid or a smartphone, then you are likely holding bits of so-called “conflict minerals,” mostly used in the manufacturing of mobile phones, tablets and laptops.
Swiss authorities to determine whether the firm knew the gold it handled in 2004 and 2005 came from a militia group in eastern Congo.
And what can be really done to choose certified conflict-free diamonds.
Unlike legitimate countries that export tantalum, the Congo is a nation dominated by warlords who force children and locals to work under horrifying conditions.
Ban comes several weeks after rebels seized control of the country from former President François Bozizé.
American component manufacturers will have to prove they don't use conflict minerals by May next year.
The Ninth Annual Meeting will take place in Israel.
The official definition of conflict diamond, as outlined by the Kimberley Process (KP), isn’t likely to change at the next week’s industry plenary in Washington D.C., says the head of the certification scheme, Gillian Milovanovic.
With only about 21 months remaining until publicly-traded U.S. component manufacturers are forced by law to disclose their usage of conflict minerals to the federal government, the industry appears to be unprepared, says information and analytics provider IHS (NYSE: IHS).
The World Gold Council (WGC) published Thursday the anticipated conflict-free standard, which aims to restrict production of the yellow precious metal in places where it already fuels or may trigger conflicts and human rights violations.
Global production of diamonds reached 124 million carats last year and, according Bain & Company consultants, 13 new mines should be adding 23 million carats by the end of 2012. But Money Week’s analyst Tom Bulford is warning those and other figures are not sufficient to avoid a looming supply crunch.
The wife of an Australian businessman, who vanished nine years ago while negotiating a million dollar diamond deal, testified Tuesday about why she didn’t report her husband’s disappearance to police as soon as it happened.
GE is one of 30 companies participating in a pilot program to implement guidelines on conflict minerals due diligence developed by the Organisation for Economic Co-operation and Development (OECD).
The boom in Zimbabwe ‘s diamond industry has not translated into improved living standards for ordinary citizens, as proceeds from gems’ sales benefit a few politically connected individuals and finance undercover security operations, AllAfrica.com reports.
The SEC won’t require mining companies to disclose whether they mined tin and gold in African conflict countries, in a long-awaited ruling released this week. However, manufacturers will have to make such disclosures, and will likely require their suppliers, such as mining companies, to make the same disclosures.
The new rules compel U.S. companies to release whether they purchase particular metals that have helped fuel war in the Democratic Republic of Congo.
Kimberley Process leader Gillian Milovanovic is proposing a new definition of conflict diamonds to include acts of violence and broader human rights issues.