Tantalum Investing News

Working Toward a Conflict-Free Mineral Trade

Date: 
Mar 4, 2010
Author: 
Melissa Pistilli

Working Toward a Conflict-Free Mineral Trade
 

Thu, Mar 4, 2010
 

By Melissa Pistilli—Exclusive to Tantalum investing News

With respect to companies that are responsible for what are now being called conflict minerals, I think the international community must start looking at steps we can take to try to prevent the mineral wealth from the DRC ending up in the hands of those who fund the violence here. —U.S. Secretary of State Hillary Clinton

The phrase “conflict minerals” is quickly becoming a much more familiar term as concerned consumers, organizations and politicians begin to raise public awareness of the role the mineral trade plays in fuelling the violence raging in the eastern provinces of the DR Congo.

While the “conflict” in the Congo has been labeled a war, Enough Project Co-Founder John Prendergast recently said it’s actually more “a business based on violent extortion.” Prendergast appropriately dubs it a “mafia-style economy.”

Unfortunately, it is not just the FDLR militia or the Congolese army who profit from this violent business of forced labor and institutionalized rape. Also profiting are the governments of the Congo, Rwanda, and Uganda as well as the companies that purchase and refine the metals, those that fabricate electronic components such as tantalum capacitors, and those that produce electronic devices like cell phones and laptops.

Read more.

Tracing the Tantalum Trade—Part Two

Date: 
Feb 25, 2010
Author: 
Melissa Pistilli

Tracing the Tantalum Trade—Part Two

Thu, Feb 25, 2010
By Melissa Pistilli—Exclusive to Tantalum Investing News

Apple recently published a report on their site addressing how the global powerhouse is taking the responsibility to pressure its suppliers to not only treat their employees fairly, but also ensure conflict minerals are not a part of their products.

The report details a “Supplier Code of Conduct” to which companies are required to adhere as a condition of their contract. The Code deals with such issues as labour, human rights and ethical standards. Compliance is managed “through a rigorous monitoring program” of “factory audits, corrective action plans, and verification measures.”

The Apple report speaks directly to the problems associated with conflict tantalum in its supply chains, saying the company requires its tantalum capacitor suppliers to certify that the materials they use “have been produced through a socially and environmentally responsible process.”

Like Hewlett Packard and many other technology-producing companies, Apple maintains that “the combination of a lengthy supply chain and a refining process makes it difficult to track and trace tantalum from the mine to finished products—a challenge that Apple and others are tackling in a variety of ways.”

However, the United Nations and NGO’s such as Global Witness and the Enough Project have proven otherwise.

Read more.

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