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Financial Reform Bill to force companies to disclose use of conflict minerals

Posted on Monday, June 28 2010 @ 18:23:40 CEST by


TG Daily reports the Financial Reform Bill includes an amendment that requires companies to make annual disclosure to the SEC about the origin of minerals used in computers, mobile phones and other electronic devices.
The amendment was introduced by Senator Sam Brownback, and was accepted without opposition. It aims to counter the use of 'conflict minerals' which are believed to be generating funds for violent militias in Congo.

The move coincides with a new advertisement from campaigning group Enough Project which spoofs Apple's famous "I'm a Mac ... And I'm a PC" ads.

Enough Project claims that the purchase of tin, tantalum, tungsten and gold, has supplied $180 million to the four militias involved in the conflict. Five million people have been killed in the last ten years, and hundreds of thousands of women and girls raped.



 



 

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