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On August 22, the U.S. Securities and Exchange Commission adopted the final rule implementing Section 1502 of the Dodd-Frank Act, the Conflict Minerals Rule, aimed at reducing a significant source of funding for armed groups that are committing human rights abuses and contributing to the conflict in the Democratic Republic of the Congo.
The ‘conflict minerals’ include tin, tungsten, tantalum and gold, which are derived from the DRC and surrounding countries.
Under the final rule, SEC reporting companies that manufacture or contract to manufacture products that contain conflict minerals must conduct diligence on the source and chain of custody of the applicable conflict minerals. In some cases, the company must publicly disclose in a new SEC form, Form SD, that its products containing the minerals have not been found to be "DRC conflict free."
SRZ has been following the development of the Conflict Minerals Rule since the passage of Dodd-Frank Act. Their Conflict Minerals Resource Center is continuously updated to reflect new developments and new resources available to help public and private companies comply with the conflict minerals rule.