What is conflict minerals rule?

What is conflict minerals rule?

The Rule requires any reporting company having conflict minerals that are necessary to the functionality or production of a product manufactured or contracted to be manufactured by that reporting company to file a report with the SEC on Form SD, disclosing whether those conflict minerals originated in a Covered Country …

What is a conflict minerals report?

The Conflict Minerals Reporting Template (CMRT) is a free, standardized reporting template developed by the Responsible Minerals Initiative (RMI) that facilitates the transfer of information through the supply chain regarding mineral country of origin and the smelters and refiners being utilized.

Why are conflict minerals a problem?

Conflict minerals used in IT products fund wars and drive human rights abuses. Conflict minerals used in IT products are known to fuel wars and human rights abuses. Unsafe mining methods also lead to severe health problems for workers and environmental degradation in the communities where they live.

What are the five conflict minerals?

Jun 04, 2019 | 2 min. Conflict minerals, as defined by US legislation, currently include the metals tantalum, tin, tungsten and gold, which are the derivatives of the minerals cassiterite, columbite-tantalite and wolframite, respectively.

Who does conflict minerals apply to?

Conflict minerals mined in the DRC may pass through numerous locations in neighboring countries as they are shipped to processing facilities. These countries are: Sudan, Central Africa Republic, Uganda, Congo Republic, Angola, Tanzania, Rwanda, Burundi, Democratic Republic of Congo, Zambia and Angola.

Are diamonds a conflict mineral?

The World Diamond Council estimates that 99% of all diamonds are now conflict-free.

What products contain 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.