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Government report details conflict minerals challenges

Joe Mont | August 29, 2016

Companies have already turned the corner with their third year of “conflict minerals” filings to the Securities and Exchange Commission, but a newly released review of last year’s efforts by the Government Accountability Office may still be illuminating.

The GAO’s conclusion: the second-year filings show increases in companies’ information about their supply chains, but uncertainties remain regarding most of their sources of conflict minerals.

The SEC conflict minerals disclosure rule—a Dodd-Frank Act mandate intended to stem the trade of certain minerals that, mined in the Democratic Republic of the Congo and adjoining nations, support violent militia groups —details a process for companies to follow.

Companies are required to determine whether it manufactures (or contracts to have manufactured) products with “necessary” conflict minerals; conduct a reasonable country-of-origin inquiry (RCOI) concerning...

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