What are the four main conflict minerals?
The EU regulation covers tin, tantalum, tungsten and gold because these are the four minerals that are most often linked to armed-conflicts and related human rights abuses, so it makes sense to focus on them.
What minerals cause conflict?
“Conflict minerals,” as defined by the US legislation, currently include the metals tantalum, tin, tungsten and gold, which are the extracts of the minerals cassiterite, columbite-tantalite and wolframite, respectively. Downstream companies often refer to the extracts of these minerals as 3TG.
What are the 3 conflict minerals?
These conflict minerals are tin, tantalum, tungsten (the “3 T’s”) and gold which are mined in eastern Congo and are in all consumer electronics products, as well as products from the jewelry, automotive, aerospace, medical equipment, and many other industries.
What are Congo conflict minerals?
Armed groups in the Democratic Republic of the Congo continue to commit severe human rights abuses and to profit from the mining and trading of “conflict minerals,” according to the State Department. These minerals include tin, gold, and others that are used to finance conflict in the area.
What are most conflict minerals used for?
Conflict minerals are resources that are mined and used to influence and finance armed conflict, human rights abuses, and violence.
Where are conflict minerals used?
Uses for 3TG Conflict Minerals Stores electricity and is used in alloys for its strength. Commonly used in tools, cell phones, and high-temperature situations, also used in alloys for its strength. Malleable, not highly corrosive, and highly conducive to electricity and heat.
Why are they called conflict minerals?
Simply put, “conflict minerals” get their name because they are mined and sold by regions experiencing some type of conflict. It could be military, economic, etc. In these areas, countless human rights violations occur in the pursuit of valuable minerals.
What mineral is only found in the Congo?
Approximately 80% of the world’s supply of Coltan is found in the Democratic Republic of Congo. Coltan is mined by hand in the Congo. Their methods are very similar to how gold was mined in California during the 1800s.
What is the best way to solve the conflict mineral problem in Congo?
Conclusion. The Congo conflict minerals problem is complex, but the roadmap to a solution exists. The four key parts of this strategy—a transparent supply chain, secure mining sites, improved governance of mining and trade, and improved livelihood options for miners—are all realistic policy goals.
What is conflict minerals rule?
Under the rule, U.S. publicly traded companies and foreign issuers using conflict minerals (e.g., gold, tantalum, tin, tungsten) necessary to the functionality or production of a product manufactured or contracted to be manufactured must disclose related product and supply chain information to determine whether any of …
What does the term conflict minerals refer to?
What does the term “conflict minerals” refer to? All gold and silver mined in Communist countries. Minerals used in electronics extracted from mines that finance warring militias.
What are conflict minerals and why should we care?
These so-called ‘conflict minerals’ such as tin, tungsten, tantalum and gold, also referred to as 3TG, can be used in everyday products such as mobile phones and cars or in jewellery. It is difficult for consumers to know if a product they have bought is funding violence, human rights abuses or other crimes overseas.
What are conflict minerals under Section 1502?
Under Section 1502, the term “conflict minerals” includes tantalum, tin, gold, or tungsten. Congress enacted Section 1502 because of concerns that the exploitation and trade of conflict minerals by armed groups is helping to finance conflict in the DRC region and is contributing to an emergency humanitarian crisis.
What are the four minerals at risk of armed conflict?
It aims to help stem the trade in four minerals – tin, tantalum, tungsten and gold – which sometimes finance armed conflict or are mined using forced labour. Which countries or areas are high-risk? Why does the EU promote the responsible sourcing of minerals among its companies? What does the new EU regulation do?
Is there legislation on conflict minerals in the US?
The guidance has two sections dealing specifically with tin, tantalum and tungsten, and with gold. The US also has legislation on conflict minerals: Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Act of 2010. It covers the same four products. Does the EU’s regulation solve the problem of conflict minerals?
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