Colombia to Seize Major Tungsten Mine Run by Terrorists-II

Global intervention

In an effort to curb the imports of tainted minerals from places like the Congo and the Andean countries, the US and the Securities and Exchange Commission (SEC) passed last year a set of strict rules requiring manufacturers to report from where they get its tantalum, tin, gold or tungsten. It also forces companies to disclose payments made to overseas governments to develop natural gas.

While the ruling goes into effect in 2014, more than a third of US firms are absolutely unprepared to adopt it, revealed a poll conducted in April during the IHS webinar “The Clock’s Ticking: How to Comply with the New Conflict Minerals Regulations.”

What’s more, the US biggest manufacturing trade groups — the Chamber of Commerce and the Business Roundtable— began an ongoing court battle against the SEC, aimed to stop the rule from taking effect.

 

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