Smelter Verification for Conflict Minerals, A Guide to Understanding the Facts

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Smelter Verification for Conflict Minerals, A Guide to Understanding the Facts

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#SmelterVerification for #ConflictMinerals,Guide to Understanding the Facts, check out @sourceintel upcoming webinar http://bit.ly/1zHx6I
Monday, November 10, 2014 - 4:30pm

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As required by the Dodd Frank Section 1502, The Department of Commerce has recently published a list of more than 400 sites of “all known conflict mineral processing facilities worldwide.”

However, the Commerce Department was unable to determine which of these refiners and smelters are contributing to the funding of militia groups in the Democratic Republic of the Congo or surrounding countries. They blamed their challenges on the difficulty of tracking down artisanal miners in Eastern Congo that are producing small amounts of minerals that are difficult to trace and also locating the guerilla smelting operations that have makeshift smelters produce minerals that are then shipped overseas.

The inconclusive report reflects similar issues that publically traded companies faced during their conflict minerals  reporting in their supply chain. There is clearly a need for more smelter data for industries to properly verify all smelter sources in their supply chain for reporting year 2015. Source Intelligence will be hosting a Smelter Verification for Conflict Minerals, A Guide to Understanding the Facts Webinar on November 18th at 10 am PST. The verification of supplier-provided smelter information is a growing concern for conflict minerals due diligence in industries large and small. This webinar will have industry leading knowledge on the changes with the updated Conflict Minerals Reporting Template 3.02, issues with publicly available data, critical insight about anticipated problems and information on how a Smelter Verification Program can be a cost-efficient service offering. If interested, reserve your spot for this complimentary webinar by using this link.

 

Source Intelligence® Contact:
Lina Ramos, Chief Business Officer
(877) 916 6337 ext. 1017
lramos@sourceintelligence.com 

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