31 Oct '12, 2pm

Industry, government team up for conflict-free mineral markets

Rumors of the M23 rebel forces expanding their influence into South Kivu appears to be escalating the ongoing battle in Eastern Congo. An estimated half million people have been displaced and 5,000 women raped in the region this year alone. Meanwhile, 9,000 miles away in Washington D.C., the battle over the Dodd-Frank Act Section 1502 conflict mineral disclosure rule is escalating with a recent lawsuit filed against the Securities and Exchange Commission (SEC) by business lobby groups. Section 1502, part of the Dodd-Frank Act that was signed into law in July 2010, was at a standstill during the year and a half the SEC deliberated on the clarifying rule. Now, for the second time, it's at risk of being delayed while the lawsuit plays out. Although slow going, several government and international institutions have begun creating certification and tracing frameworks which are ...

Full article: http://www.greenbiz.com/news/2012/10/31/industry-governme...

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