Baby Steps in the right direction.
After many years of horrifying conflict in the Democratic Republic of the Congo (DRC) there is now a tiny tool for helping to dry funds supporting the conflict through the sales of minerals. Although it does not ban the sale of minerals it at least requires disclosure and a report of due diligence. Although it is a baby step…it is still a step in the right direction:
The Securities and Exchange Commission (SEC) recently adopted a rule pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) requiring certain issuers to publicly disclose their use of “conflict minerals” that originate in the Democratic Republic of the Congo (DRC) or an adjoining country.
The official final Rule can be found here.