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Conflict minerals are usually talked about in the context of the Democratic Republic of Congo (DRC), where a 20-year conflict between armed groups and the state has to mass murder, rape and other human rights violations. More than 3 million people have been killed in the conflict. More complex than a war, the fractious violence is often is ...
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Sources of conflict minerals in our supply chain must be appropriately investigated and confirmed to not directly or indirectly finance or benefit armed groups in the Democratic Republic of Congo (DRC) or adjoining countries (Covered Countries). The Responsible Minerals Initiative ("RMI"), of which TTM is a member, supports this endeavor by ...
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Mineral flows from conflict-affected and high-risk areas are vulnerable to disruption by incidents on the ground as well as by operational shutdowns resulting from regulatory action. ... While countries often rely on general EIA regulations that apply to many sectors, some have introduced supplemental technical guidelines and standards ...
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In countries struggling with political instability, where governance for the mining sector is weak, the extraction of these minerals can be linked to violence, conflict and human rights abuses. The Democratic Republic of Congo (DRC), for example, supplies more than 63 per cent of the world's cobalt.
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Jul 26, 2022· Conflict minerals compliance is the process of conducting mandatory due diligence to identify the source of conflict minerals in a supply chain and reporting on utilized smelters and/or refiners. Both the United States and the European Union require conflict minerals compliance from companies, suppliers, importers, etc., within the …
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Minerals in Conflict. Countries rich in minerals such as cobalt, coltan, cassiterite, copper, and gold are often marred by corruption, authoritarian repression, militarization, and civil war. Rebel groups, governments and mining companies exploit mineral resources, fueling civil and interstate conflict as players vie for control over riches.
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Jul 12, 2021· Armed groups in the Democratic Republic of the Congo and adjoining countries reportedly exploit the minerals tin, tungsten, tantalum, and gold to finance conflict in the region. The Securities and Exchange Commission requires companies to report on the origin of these "conflict minerals" used in their products.
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The rule on conflict minerals focuses on the Democratic Republic of the Congo ("DRC") and surrounding countries, a central African region with vast mineral wealth, including reserves of conflict minerals, and surrounding countries. For many years, armed groups have fought to control mines within the DRC and smuggle minerals out of the region ...
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the restriction of exports from those countries. In line with the above policy, STARTEAM GLOBAL will maintain the following efforts: 1. To explain to its suppliers the policy upheld by with regard to the conflict STARTEAM GLOBAL minerals and to identify the status of use and refiners of the conflict minerals throughinvestigations
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minerals in their products. An estimated 35 percent reported using conflict minerals from covered countries or from scrap or recycled sources. Although some companies noted that guidance the SEC staff revised in 2017 had caused uncertainty about the filing process, most filings were similar to those submitted in prior years.
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The rules and regulations require us to determine the extent to which our products contain Conflict Minerals originating from the Democratic Republic of the Congo and certain adjoining countries ("Covered Countries") by analyzing the products we manufacture and the raw materials and components we purchase—through supply chain due ...
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The term "conflict minerals" is defined as columbite-tantalite, also known as coltan (from which tantalum is derived); cassiterite (tin); gold; wolframite (tungsten); or their derivatives; or any other mineral or its derivatives determined by the Secretary of State to be financing conflict in the Democratic Republic of the Congo or an adjoining country.
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The "Conflict Minerals" for purposes of the Conflict Minerals Rules are gold, columbite-tantalite (coltan), cassiterite, and wolframite (including their derivatives, tantalum, tin and tungsten) and any other minerals designated by the U.S. Secretary of State in the future. The "Covered Countries" are the Democratic Republic of Congo, the ...
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Jan 20, 2021· The Office of Threat Finance Countermeasures, in conjunction with other State Department bureaus and U.S. agencies, actively works to sever the links between mineral resources and conflict through government-to-government diplomatic efforts. …
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