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These so-called 'conflict minerals', such as tin, tantalum, tungsten and gold, can find their way into our mobile phones, cars and jewellery. A new EU law to stem the trade in conflict minerals. Therefore, the EU passed a new regulation in May 2017 to stop: conflict minerals and metals from being exported to the EU; The EU Conflict Minerals Regulation, which will apply across the EU on 1 January 2021, has been largely inspired by the US Dodd-Frank Act (2010), which itself entered into force in 2014. Building on insights from Deloitte experts in the US, the below outline draws comparisons and provides valuable insights regarding the 2010 Dodd-Frank Act’s implementation in the U.S. A quick guide if you're involved in the trade in tin, tungsten, tantalum or gold The Conflict Minerals Regulation requires EU-based importers of tin, tantalum, tungsten and gold (also referred to as “3TG”) to ensure their minerals are sourced responsibly and that their supply chains do not help to fund armed conflict or other illegal practices. The January 1, 2021, deadline for the European Union (EU) Conflict Minerals Regulation is approaching quickly, and companies in scope are preparing to meet its requirements.

Conflict minerals eu

This is somewhat of a blockbuster change from the US rule, and will require all members of the supply chain to collaborate in their communication and conflict minerals data exchange efforts. Conflict resources are natural resources extracted in a conflict zone and sold to perpetuate the fighting. There is both statistical and anecdotal evidence that belligerent accessibility to precious commodities can prolong conflicts (a "resource curse").The most prominent contemporary example has been the eastern provinces of the Democratic Republic of the Congo (DRC), where various armies On 1 January 2021 a new law will come into full force across the EU – the Conflict Minerals Regulation. It aims to help stem the trade in four minerals – tin, tantalum, tungsten and gold – which sometimes finance armed conflict or are mined using forced labour. These so-called 'conflict minerals', such as tin, tantalum, tungsten and gold, can find their way into our mobile phones, cars and jewellery.

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Find out more about our Conflict Minerals Policy A key indicator of a product's compliance with EU legislation. Black Box Network av O Olsson · 2019 · Citerat av 3 — perspective because, for example, 90% of EU iron ore mining takes place in materials sectors above and beyond removing conflict minerals from supply Notes and Hints on the CAS Numbers, the REACH Regulation (1907/2006), and the RoHS Directive (2011/65/EU). Hämta PDF Conflict Minerals. EU/2017/821.

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How Global Witness has campaigned for stronger EU regulation of the deadly minerals trade. Global Witness, as part of a broad civil society coalition, has, for many years, been campaigning for robust legislation to break the links between conflict, human The term 'conflict minerals' commonly refers to tin, tantalum, tungsten and gold (the "3TGs"), as covered by the EU regulation. 3TGs are widely used in the electronics, automotive, medical devices The European Union (EU) Conflict Minerals Regulation is intended to prevent or reduce the sourcing of minerals from regions where profits fund armed conflict. The regulation covers tin, tantalum, tungsten and gold (3TGs) sourced from the Democratic Republic of the Congo (DRC) and adjoining countries, though it also addresses minerals sourced from other high-risk areas. Regulation (EU) 2017/821 (Legal text), EUR-Lex. The Conflict Minerals Regulation explained, European Commission. OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, OECD.

This requires one or more Conflict Minerals reports which are created either by you or sent by your supplier. These reports may be visible in iPoint Conflict Minerals database (e.g., which report is accepted by you on iPoint Conflict Minerals system) or in RMI/CMRT format or stored in your Online Storage. Some MEPs will defend the EU’s paltry conflict minerals proposal - which is not only voluntary, but also estimated to cover only a meagre 0.05 percent of European companies involved in the trade. Some will even argue that Europe can’t handle mandatory regulation and speak of unnecessary “red tape”. The EU regulation covers the sourcing of conflict minerals from anywhere in the world. This is somewhat of a blockbuster change from the US rule, and will require all members of the supply chain to collaborate in their communication and conflict minerals data exchange efforts.
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These rules will be fully The purpose of the regulation is to make sure that those that import conflict minerals to the EU as far as possible has to ensure that the extraction is made in It has developed a Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas in 2012 ('OECD Guidance'), Jan 31, 2020 The EU's new regulation prohibiting imports of 3TG from conflict zones is a shadow of its equivalent legislation in the US, but it is a least a foot Oct 28, 2019 The EU's Conflict Minerals Regulation, which will come into force in 2021, aims to restrict the trade of minerals that are mined via forced labour Mar 6, 2020 The European Union's Conflict Minerals Regulation aims to prevent conflicts minerals being exported to the EU, smelters and refiners from To ensure that the European Parliament show stronger leadership in the fight to end the unacceptable abuses fueled by conflict minerals by calling for European Apr 21, 2020 The EU conflict minerals Regulation laying down supply-chain due diligence obligations for importers of tin, tantalum and tungsten, their ores, Nov 22, 2016 Now, EU companies can't directly buy conflict minerals from suppliers. However, the rule doesn't apply to companies that buy finished products Apr 10, 2019 In 2017, the European Parliament and the EU Council adopted a new regulation regarding the import of so-called conflict minerals.

With the effective date of the Regulation nearing, last Thursday, the European Commission published its long-awaited global list of conflict-affected and high-risk areas, or CAHRAs. The Regulation is concerned with sourcing from CAHRAs anywhere in the world. 2016-02-17 · Process — The development of the EU conflict minerals regulation has now entered the final negotiation phase. This phase, known as the “trialogue negotiations,” involves informal meetings between the Council of the EU, European Parliament and European Commission.
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REGUL ATION (EU) 2017/821 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 17 May 2017 laying down supply chain due diligence obligations for Union impor ters of tin, tantalum and tungsten, their ores, and gold or iginating from conf lict-affected and high-r isk areas The EU Conflict Minerals Regulation specifically seeks to build on those lessons and provide a more holistic approach to conducting due diligence. At that, the EU Regulation succeeds at being at the same time both more specific, and more broadly applicable than … The EU, so often a leader in environmental and social governance (ESG) legislation, is only just starting to catch up in the area of conflict minerals. A number of mining industry initiatives have already been developed in response to OECD Guidance for Conflict Affected and High Risk Areas .