The U.S. Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act), which was signed into law on July 21, 2010. Section 1502 of the Act is a provision related to sourcing ‘conflict minerals.’ The term ‘conflict mineral’ is defined as:
Section 1502 instructs the U.S. Securities and Exchange Commission (SEC), in consultation with the U.S. Department of State, to promulgate regulations requiring certain companies to submit annually a description of measures taken to exercise due diligence on the source and chain of custody of “conflict minerals”.
The intent of the provision is to deter – through increased transparency of companies’ sourcing practices – the extreme violence and human rights violations in the Democratic Republic of Congo (DRC) and neighboring countries funded by the exploitation and trade of certain minerals.
Get answers to some of the Conflict minerals frequently asked questions.
Brochure, 2-Page PDF
Guide, 20-Page PDF
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