Democratic Republic of Congo is concerned: So far, though, companies are widely flouting the law. The first conflict-mineral reports were due June 2, and only 6 percent met an acceptable standard for compliance, according to a review by Claigan, an environmental compliance consultancy. Now, this is only the first year, and some companies may have been confused by an eleventh-hour Court of Appeals ruling that modified the laws reporting requirements. Some noncompliance would have been understandable. But not this much. Manufacturers apparently need to be nudged awake to the harm their reliance on conflict minerals causes. The SEC will have to make an example of the worst offenders. The 18-year-old war in the Democratic Republic of Congo, featuring child soldiers and mass rape, has been the deadliest since World War II, having claimed an estimated 5.4 million lives. While depriving the competing factions of mineral funds wouldnt end the conflict, it would make it harder for them to rearm and pay their fighters, which would mean fewer deaths and atrocities.
Posted on: Wed, 02 Jul 2014 23:02:15 +0000
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