Uncategorized

companies must try to establish the origin of four metals

Canada Goose Parka Conflict minerals law starts working despite poor industry response Canada Goose Parka

Canada Goose Jackets law on conflict minerals is curbing African warlords presence around mines in Congo, campaigners say, but its full impact remains unclear, with most firms failing to pinpoint the origin Canada Goose Online of their metals by a June deadline. Canada Goose Jackets

Artisanal gold miners pan sediment for gold at an illegal mine Canada Goose sale pit in Walungu territory of South Kivu province near Bukavu, in this April 5, 2014 file photo. REUTERS/Kenny Katombe/Files

canada goose deals Millions are estimated to have died in nearly two decades of bloodshed in eastern Democratic Republic of Congo (DRC) fueled by the minerals smuggled through Rwanda, Uganda and Burundi. companies must try to establish the origin of four metals often used by rebel groups in canada goose coats on sale the canada goose factory sale area to finance their activities. risk management firm. canada goose deals

A grace period means big firms can say they Canada Goose Parka were unable to get information for two years, but campaigners urged them try harder, saying the law had canada goose coats already helped but could do more.

we been disappointed canada goose jackets with the response of canada goose uk black friday companies, and the lack of meaningful information on the supply chain checks and risk assessments they are doing, although a few of the reports have been strong, said Emily Norton, assistant campaigner with Global Witness uk canada goose outlet in London.

Canada Goose Outlet The electronics sector has been the most robust at tracing the source of its minerals, Norton said, holding up chip giant Intel as a rare company that had conducted an audit. Canada Goose Outlet

canadian goose jacket Campaigners say Canada Goose Outlet the law has had a positive impact in three of the four canada goose black friday sale metals it covers tin, tantalum and tungsten while gold remained a problem. Many of the minerals are used in smart phones and other electronics goods. canadian goose jacket

canada goose clearance sale law has triggered companies right along the supply chain to change their sourcing practices, Norton said. canada goose clearance sale

cheap Canada Goose A Congolese mineral trader holds a piece of paper containing nuggets of gold in a mud hut at Numbi in buy canada goose jacket cheap eastern Congo in this July 24, 2010 file photo. REUTERS/Katrina canada goose Manson/Files cheap Canada Goose

canada goose coats CERTIFICATION A new certification scheme organized by the tin industry body ITRI canada goose uk shop is being rolled out in North Kivu after earlier projects in Congo Canada Goose Coats On Sale copper rich southeastern provinces of Katanga and South Kivu. canada goose coats

Sasha Lezhev, senior policy analyst with the Enough Project based in Washington DC Canada Goose online said about two third of mines in tin, tantalum canada goose clearance sale and tungsten in eastern Congo had been demilitarized.

In a report based on five months of field research, canadian goose jacket the organization said minerals not certified as free sold for 30 60 percent less, https://www.alifeoutofdebt.com cutting canada goose clearance profits for the armed groups.

canada goose clearance Some analysts say the law impact has been overstated. canada goose clearance

canada goose store A Congolese government adviser cautioned rebel involvement was hard to track in remote areas and an academic specializing in the region said profits were still going cheap Canada Goose astray. canada goose store

Canada Goose online and the ensuing initiatives, including traceability and canada goose store certification, have removed armed actors from the mines, said Christoph Vogel, a Congo researcher at the University of Zurich. Canada Goose online

buy canada goose jacket now we hear that army commanders uk canada goose are sending intermediaries to organize taxation buy canada goose jacket on the sites, Vogel said. government to counter this. buy canada goose jacket

canada goose black friday sale Campaigners are also urging the European Union to strengthen a conflict minerals Canada Goose Jackets proposal released in March, making it mandatory instead of voluntary. canada goose black friday sale

Some of those advising the companies about the law say the firms find it hard to discover the origin of their supplies.

have clients that have literally tens of thousands of suppliers, said Michael Littenberg, a partner at New York law firm Schulte Roth Zabel.

buy canada goose jacket cheap Another consultancy said that information was available and companies needed to be more rigorous. buy canada goose jacket cheap

Canada Goose sale Of the 1,306 companies that filed reports, only 14 of them contacted Indonesia CV United Smelting Corp, one of the most widely used tin smelters in the world, said Canadian environmental consultancy Claigan, which specializes in conflict minerals. Canada Goose sale

few companies showed any due diligence, Bruce Calder, vice president of consulting services at Claigan, said in a presentation.

canada goose When the conflict minerals law was first passed, there were fears that it would lead to companies boycotting the region minerals, and some firms initially moved in that direction, but that is less of a problem canada goose uk outlet now, Littenberg said. canada goose

companies have figured out that isn the right approach and the NGOs (non governmental organizations) have also been pretty vocal that they don want to see companies boycotting the region, cheap canada goose uk he said.

canada goose coats on sale The law was watered down by a court ruling after industry groups challenged it, but an appeal has been launched by the Securities and Exchange Commission (SEC) which is in charge of enforcing it canada goose coats on sale.

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Popular Posts

To Top
X

Forgot Password?

Join Us

Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.