The American Coatings Association (ACA) has drafted an amicus brief supporting a lawsuit filed by the National Association of Manufacturers (NAM), the US Chamber of Commerce, and the Business Roundtable (BRT) against the US Securities and Exchange Commission (SEC).

The lawsuit asks that the SEC’s Conflict Minerals Rule be set aside.

Last August, the Securities and Exchange Commission adopted the Conflict Minerals Rule, following to section 1502 of the Dodd Frank Wall Street Reform and Consumer Act. The rule requires that publicly traded companies disclose certain conflict minerals, including include tin, tungsten, tantalum and gold, or derivatives used in their production processes. This follows the US government’s ruling that these minerals are financing the conflict in the Democratic Republic of the Congo (DRC) and surrounding countries.

The lawsuit states: “The Securities and Exchange Commission’s (SEC’s) “conflict minerals” rule may have been motivated by good intentions – to reduce funding to armed groups and help end the terrible conflict in the Democratic Republic of the Congo (DRC). As the dissenting Commissioners pointed out, however, good intentions are no substitute for rigorous analysis, and the Commission’s analysis here was woefully inadequate."

The industry associations, supported by the ACA, argue that the SEC failed to meet its statutory obligation to consider the effects of the rule by failing to determine if the rule would benefit the DRC, and by underestimating the rule’s costs. As well as this, the SEC expanded the scope of the rule adding significant burdens and costs to US industry without demonstrating any benefit for the DRC or the Congolese people.

The industry coalition also challenged the requirement for companies to undertake an onerous “reasonable country of origin inquiry,” expanding the rule’s scope to non-manufacturers, and providing for an irrational transition period.  Lastly, the industry associations assert that the rule violates the First Amendment by requiring companies to report on their website and to the Securities and Exchange Commission if any of their products are “not DRC conflict free”.

The SEC is expected to respond on 1 March 2013.

american coatings association,conflict minerals,securities and exchange commission

The American Coatings Association (ACA) drafts an amicus brief supporting a lawsuit against the US Securities and Exchange Commission (SEC). The lawsuit asks that the US Securities and Exchange Commission’s conflict minerals rule be set aside - Chinatungsten News Center.

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Geodex Minerals Ltd. (the "Company" or "Geodex") is pleased to announce the results of the 2012 exploration program on its Dungarvon tungsten-molybdenum-tin project in New Brunswick, Canada. The program met its objective of refining the drill target areas to test for the source of multiple high grade tungsten boulder trains on the Dungarvon Project.

The 2012 Dungarvon program focused on the Peaked Mountain portion of the project area. Highlights of the results there included: 

What better gift to receive from a loved one on valentines day, than a precious and carefully chosen piece of jewellery.

It can match the beauty of a rose and never wilt; be as gratifying as chocolate yet never spoil. It really is the perfect Valentine's Day Gift!

Black Tungsten I Love You Ring

Mens Black Tungsten 'I Love You' Ring
This ring has a sleek, subtle and discreet design; simply a beautiful object with a secret message 'I Love You' engraved on the inside of the ring.

Tungsten Engraved I Love You Ring

Tungsten 'I love you' Ring
This 'I Love You' ring is slightly more contemporary and features a stunning silver band running through the middle. Tungsten has a characteristic deep black shimmer and our tungsten rings have a impressive high polish finish.
 

Tungsten Jewellery Manufacturer & Supplier: Chinatungsten Online - http://www.tungsten-jewellery.com
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Snake design tungsten rings - Animals of the chinese zodiac tungsten rings

Twelve Chinese Zodiac is an important part of Chinese traditional culture.
The 12 animals are from nature. The snake is the one of Zodiac.

This year is the snake year.
Then wearing a snake designed tungsten ring will make you look more fashion.
 

Black Fire Minerals non-executive chairman Mick Billing has increased his shareholding in the company on-market by over 1 million shares.

Billing acquired the shares for a total consideration of A$26,513, or $0.026 per share.

He now holds 1.28 million shares in Black Fire.

Black Fire is focused on developing its Pilot Mountain Tungsten-Copper Project in Nevada and Kangeshi Copper-Silver Project in the Democratic Republic of Congo.

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N1 Technologies recently introduced a new series of motor oils and lubricants featuring advanced nanotechnology.

NanoSave N1 oils are designed to increase mileage, reduce friction heat and prevent wear by forming a protective shield around moving engine parts. This tribofilm, called NanoShield, slips into rough and creviced metal surfaces of engine parts to help prolong the operation and engine service life of any vehicle.
 

It is reported that SilverCrest intends to be a senior tungsten trioxide producer within the next five years.

The company at the end of January announced an updated National Instrument 43-101-compliant inferred resource at the La Joya project, which is shaping up to be a significant high-grade resource holding 100.8-million ounces of silver at a cutoff grade of 60 g/t. The resource is also reported to hold 75.1-million pounds of tungsten trioxide (WO3) at a 0.05% cutoff grade.

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On Nov. 17, Boeing's new 787 Dreamliner landed for the first time at Washington's Dulles International Airport. Just three days later, the town of Goma, the main mineral trading hub in eastern Democratic Republic of Congo, temporarily fell to rebels in the latest chapter of a brutal 15-year war.

While the now-beleaguered Dreamliner was never likely to land at Goma's dilapidated airport, there is a disturbing link between the aircraft, Congo's mineral-rich eastern provinces and Washington, D.C.

The metals found in Congo's lucrative mines -- tin, tantalum, tungsten and gold -- are used to make jet engine parts, as well as cellphones, computers and jewelry.

Armed groups in eastern Congo have made a fortune by controlling mines and trading routes, from where minerals are sold into international supply chains and then to American manufacturers. For more than a decade, profits from the minerals trade have helped warring parties fund a fight that has killed more than 5 million people.

In 2010, Congress set out to change this by passing Section 1502 of the Dodd-Frank Act. The conflict minerals provision requires U.S.-listed companies that use tin, tantalum, tungsten or gold to carry out checks on their supply chains -- known as due diligence -- to determine if their purchases are fueling conflict in Congo, and to publicly report their findings. Currently, the world's major airline manufacturers do not typically disclose this information.

In August, after a 16-month delay largely caused by aggressive industry lobbying to weaken and put off the law's implementation, the Securities and Exchange Commission published the final rule for Section 1502.

Now efforts to address the conflict minerals trade are under attack again. The Chamber of Commerce, the National Association of Manufacturers and the Business Roundtable have filed a lawsuit against the SEC to overturn the conflict minerals rule. A cruel twist of fate saw the trio issue their specific concerns to the SEC in Washington just a few days after the first Dreamliner landed at Dulles and hours after Goma fell to the rebels.

Boeing, which has a seat on NAM's board and whose representative is the executive committee chair of the Business Roundtable, appears to be at the forefront of the fight to overturn the rule.

Throughout the rule-making period for Section 1502, Boeing attended 10 meetings with representatives of the SEC -- more than any other company. Most of the meetings took place alongside members of NAM and the Chamber of Commerce.

In comments submitted to the SEC, Boeing indicated that the final rule on 1502 would be too costly and burdensome to comply with, given "the complexity of modern supply chains."

As the world's largest aerospace company, Boeing's influence within the industry -- let alone over its own supply chain -- is considerable. Boeing's attempt to kill Section 1502 through anonymous corporate lobby groups is misguided and irresponsible.

Industry associations are driven by their members. Companies that are members of the chamber, NAM or the Business Roundtable and support legal action against 1502 should come clean and say so publicly. Firms that disagree should issue statements distancing themselves from the lawsuit. Remaining silent can only be read as support for the lawsuit -- and is tantamount to supporting the gruesome conflict in eastern Congo.

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Forevermetals, a Tungsten ring retailer is offering a discount code to help customers with their Valentine’s Day purchases. From February 4th until February 13th a discount code for 20% off can be added to the shopping cart to reflect special savings. The coupon code love20 is being offered to help ease the expense of purchasing Valentine’s Day gifts for the special people on their lives. The discount can be used to purchase any in stock tungsten wedding rings, Ceramic rings, watches and pendants. The coupon code cannot be applied to custom orders or specialized engravings.

Forever Metals has one of the largest, most unique collections of tungsten rings and wedding bands on the internet. Collections include the popular Celtic collection, colored tungsten consisting of black and gold and an assortment of inlays consisting of redwood, abalone shell and carbon fiber. Forever Metals also manufactures a large collection of classic wedding bands to accommodate both men and women. Along with customers being able to shop the in stock rings that are available for immediate shipment the customization option is always available. Gary Camphausen, owner of Forever Metals, believes that allowing customers to customize rings will add a special touch to the rings they plan to wear for the rest of their lives. In the past couple of years tungsten carbide has been gaining popularity due to more customers learning about the strength and durability of the metal over the traditional gold and platinum.

Forever Metals encourages shoppers to buy with confidence when choosing tungsten carbide. The metal is long lasting and comes in many different price points to accommodate almost every shopper. The large, ever growing collection of rings, will also grab virtually everyone’s attention.

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Tie breaker fish off delivers win to Florida pro

Rich Howes of Oviedo, Fla. beat another Florida angler Daniel Lanier in the two-man fish off after the anglers tied on Saturday with 47-2 for three days of fishing in the Bassmaster Southern Open on Lake Toho near Kissimmee. Howes implemented a pattern of punching a Gambler BB Cricket and a Bitter Bug behind 1 1/2-ounce tungsten bullet weights.

Lanier led on day one, Howes led on day two and they tied on day three before battling it out in a half-day shootout on Sunday for the $10,000 cash and Triton Boat prize package.

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