European Parliament votes in favour of binding regulation on conflict minerals
On 20 May 2015, the European Parliament positioned itself in support of a mandatory due diligence scheme for downstream and upstream companies that sell tin, tantalum, tungsten and gold – in any form – in the EU. Now the Council, Parliament and the Commission are undertaking "trialogue" negotiations behind closed doors.
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Author: Iuliu Winkler, Committee on International Trade
Draft report on the proposal for a regulation of the European Parliament and the Council setting up a Union system for supply chain due diligence self-certification of responsible importers of tin, tantalum and tungsten, their ores and gold originating in conflict-affected high risk areas.
Author: European Commission
"Proposal: Union system for supply chain due diligence self-certification of responsible importers of tin, tantalum and tungsten, their ores, and gold originating in conflict-affected and high-risk areas"
The main objective of this proposal is to help reduce the financing of armed groups and security forces through mineral proceeds in conflict-affected and high-risk areas by supporting and further promoting responsible sourcing practices of EU companies in relation to tin, tantalum, tungsten and gold originating from such areas…This Regulation sets up a Union system for supply chain due diligence self-certification in order to curtail opportunities for armed groups and security forces…The responsible importer of the minerals or metals within the scope of this Regulation shall…adopt and clearly communicate to suppliers and the public its supply chain policy for the minerals and metals potentially originating from conflict-affected and high-risk areas…[and] incorporate in its supply chain policy the standards against which supply chain due diligence is to be conducted…
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