SEC’s Conflict Minerals Rule Requires Reports Filed in May 2014
U.S. manufacturers and companies that contract with them must file reports starting in May 2014 identifying where they obtained any of four minerals associated with human-rights abuses in central Africa, according to a Securities and Exchange Commission rule.
SEC commissioners voted 3-2 today to adopt a so-called conflict minerals rule requiring companies to make reasonable efforts to trace sources of tin, tantalum, tungsten and gold in their products and a deeper search if the metals may have come from mines that have helped fund armed groups in the Democratic Republic of Congo. Metals certified as scrap or recycled would automatically be considered conflict-free under the SEC rule.
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