November 1, 2013 – November 8, 2013
The summaries provided in this Weekly Recap do not necessarily represent the views of Squire Sanders (US) LLP and should not be deemed to be endorsements of them. The Recap is intended to be a compilation of articles and events to encourage discussion within the conflict minerals community and to keep our readers updated on the most recent developments.
IPC Reports on Conflict Minerals Conference, Follow-Ups with DG Trade Officials
Last month, IPC, a global electronics trade association, hosted a one-day conflict minerals conference in Brussels, Belgium. The conference featured lead DG Trade Regulator Signe Ratso. In its latest blog post, IPC Continues Leadership on EU Conflict Minerals Advocacy, IPC highlights some of the key takeaways from Ms. Ratso’s speech and its follow up with DG trade officials. The key takeaways regarding what the EU rule are expected to include are:
- Confirmation from Ms. Ratso that the Commission intends to align with the OECD Conflict Minerals Guidelines,
- Conflict minerals would be limited to tin, tantalum, tungsten and gold,
- The Commission’s proposal would focus on countries of conflict world-wide – not just in central Africa, and
- Legislation would be proposed by year-end, but likely not acted on until fall 2014 (after the parliamentary elections in the spring).
Source Intelligence Presents Virtual Conflict Minerals Symposium
Starting last month, every Wednesday through November 13, 2013, Source Intelligence is presenting an installment of its Virtual Conflict Minerals Symposium Series. According to its press release, the Virtual Conflict Minerals Symposium Series provides insight into challenges reporting companies are currently facing, identifies cost-effective ways to meet due diligence requirements, and discovers latest trends in the industry.
To view past installments, see Source Intelligence’s Webinar Library.
Belden’s Statement on Conflict Minerals
Belden Inc., a producer and seller of networking products, recently released a statement on conflict minerals. Excerpts of the statement follow. “Belden is working closely with our direct suppliers to trace newly mined minerals back to their origin in order to ensure responsible sourcing. Belden has begun requiring that suppliers whose products contain 3TG submit this information to Belden using the standardized EICC/GeSI Conflict Minerals Reporting Template that traces the metals back through the supply chain. If Belden becomes aware of a supplier whose supply chain includes metals from a conflict source, Belden will take the appropriate actions to remedy the situation in a timely manner, including reassessment of supplier relationships. Belden expects our suppliers to take similar measures with their suppliers to ensure alignment throughout the supply chain.”
Looking for examples of other conflict minerals policies? Look no further than here: conflict minerals policy library.