20 May '11, 12pm

What's the Solution for the Curse of Conflict Minerals?

What are conflict minerals? In essence this is the issue made famous in the movie "Blood Diamond ." In the Democratic Republic of the Congo and surrounding region, the profits from mining mineral resources have contributed to one of the world's worst conflicts -- with millions killed and heinous human rights violations. If this sounds familiar, it is. The "minerals curse" -- profits from mineral wealth making life worse not better -- is a well-known phenomenon. But this time, there is a regulatory component that signals hope. A small provision of the massive Dodd-Frank Wall Street Reform and Consumer Protection Act requires all U.S. public companies which use any of four minerals (tin, tantalum, tungsten and gold) to trace them back to their source. If they come from the DRC region, the company must file an audited report with the U.S. Securities and Exchange Commission to...

Full article: http://www.greenbiz.com/blog/2011/05/20/whats-solution-cu...

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