Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

EU moves forward on conflict minerals framework

Joe Mont | June 16, 2016

European Union officials have agreed on a regulatory framework regarding “conflict minerals” and the responsible sourcing of source tin, tantalum, tungsten and gold. Global efforts have sought to reduce the financing of armed militias that trade in those minerals.

"This political understanding on conflict minerals will help trade to work for peace and prosperity, in communities and areas around the globe affected by armed conflict", said EU Commissioner for Trade Cecilia Malmström.

The EU approach will build upon the OECD Due Diligence Guidance for responsible mineral sourcing and includes obligations for the "upstream" part of the conflict minerals supply chain, including smelters and refiners. The vast majority of metals and minerals imported to the EU will be covered, while exempting small volume importers from these obligations, a...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.