The first set of company reports submitted under a landmark U.S. law that aims to stop the minerals trade fuelling violence in eastern Democratic Republic of Congo (DRC) fall short of the mark, warns Global Witness.
Today marks the first deadline for U.S.-listed companies using minerals from the DRC and its neighbouring countries to submit Conflict Mineral reports to the Securities and Exchange Commission (SEC). Companies manufacturing products containing tin, tantalum, tungsten and gold are reporting today under Section 1502 of the Dodd Frank Act. Known as the 'conflict minerals provision', Section 1502 aims to break the links between the DRC's vast mineral wealth and violent armed groups that profit from the trade.
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