What Are Conflict Minerals?
Conflict Minerals Definition
The term “conflict minerals” is defined as columbite-tantalite, also known as coltan (from which tantalum is derived); cassiterite (tin); gold; wolframite (tungsten); or their derivatives; or any other mineral or its derivatives determined by the Secretary of State to be financing conflict in the Democratic Republic of the Congo or an adjoining country.
Pop culture and recent events have given everyone around the world a basic understanding of what blood diamonds are, but how about conflict minerals?
0:11 What are Conflict Minerals?
Simply put, these are minerals that are used every day in a wide variety of products. The operations, mining, processing, and shipping of these minerals funnel money into oppressive regimes all over the world that are engaged in military conflict, slavery, genocide, and other human rights abuses. The main minerals that can most often be traced to these regimes can be called the 3TG: tin, tantalum, tungsten. Together with gold, these minerals are mined largely in the Democratic Republic of the Congo or an adjoining country where military conflicts and civil war has claimed the lives of millions.
0:53 Dodd-Frank Consumer Protection Act
In 2010, President Obama signed the Dodd-Frank Consumer Protection Act into law, which includes an article spelling out that American companies must report where the minerals used in their products come from. This has dramatically reduced the revenue being funneled into armed militias in conflict areas. If you want to learn more about how you can avoid materials and practices that fund oppressive regimes worldwide, Source Intelligence can help. Thank you for watching.