Conflict minerals

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Natural resources extracted in conflict zones and sold to finance the perpetuation of conflict.

As defined by the US legislation, these currently include the metals tantalum, tin, tungsten and gold (the so-called 3TGs) which are the extracts of the minerals cassiterite, columbite-tantalite and wolframite, respectively.

Conflict minerals can be extracted at many different locations around the world. While the term is associated mostly with markets such as the Democratic Republic of Congo (DRC), the SEC rules also define conflict minerals as 3TG metals tin, wherever extracted, so including in Canada or Argentina.

In the SEC rule, “DRC conflict-free” is defined as minerals that were extracted and did not directly or indirectly benefit armed groups in the covered countries. Therefore, tin extracted from Canada is considered “DRC conflict-free” under the definitions of the SEC rule.

The OECD Due Diligence Guidance for Responsible Supply Chains of minerals from Conflict-Affected and High-Risk Areas, has a broader scope and covers all minerals, not only 3TG.

See also: Securities and Exchange Commission (SEC)

Links

What are conflict minerals?
OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas