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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...

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