AIAG Takes Conflict Minerals Reporting By the Horns
The term "conflict minerals" is used to describe certain minerals such as gold, wolframite, casserite, columbite-tantalite and their derivative metals, which include tin, tungsten, tantalum and any other compounds designated by the U.S. Secretary of State that are sourced from mines under the control of violent forces in the Democratic Republic of Congo (DRC) or the surrounding countries. Tantalum, tin, tungsten, gold and their derivatives are used in numerous automotive components with various applications.
New U.S. legislation requires all publicly traded manufacturing companies to report annually to the SEC whether they use conflict minerals that are "necessary to the functionality or production" of a product that they either manufacture, or contract to be manufactured. The intention is to cut the funding to armed groups that commit violent human rights violations in eastern DRC.