November 15, 2013 – November 22, 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.
Source Intelligence Releases White Paper on Conflict Minerals Data Assessment
Source Intelligence, a supply chain data collection and analysis software and service provider, recently released a white paper titled Conflict Mineral Compliance: Data Assessment and Assurance.
The white paper is aimed at companies who have already conducted their product filtering and reasonable country of origin inquiry compliance steps. According to its press release regarding its newest white paper, Source Intelligence states, “in it [the paper] you will learn how to effectively highlight areas of risk and provide auditable evidence of your due diligence process. These efforts and the resulting data must be well organized, and continuously reviewed and assessed for accuracy, plausibility, consistency, gaps and reasonableness. Key issues to consider throughout the process are supplier response rates and requests for confidentiality, missing and erroneous data, and discovery of cautionary flags, which warrant further investigation.”
New Map of DRC Shows Gold is Most Prevalent Conflict Mineral
Researchers from the International Peace Information Service (IPIS) have found that the most prevalent conflict mineral in eastern Africa is gold. Nick Long from Voice of America captured the story in his latest article titled Map Shows Gold is Top Conflict Mineral in Eastern Congo.
In his article, Mr. Long states that having gold mines being the most prevalent in the area is a problem because gold is harder to trace than other conflict minerals. Judith Sargentini, a member of the European parliament, elaborated, “You do not smuggle a pack of tin because it is just too heavy and it is only worth it if you have plenty of it, whereas gold is like diamonds – it is easier. So I think it is much more difficult to certify, which shows again that certification is not necessarily the way forward.”
Ecolab’s Statement on Conflict Minerals
Ecolab, Inc., a global provider of water, hygiene and energy technologies and services to the food, energy, healthcare, industrial and hospitality markets, recently released its statement on conflict minerals. Excerpts from its statement follow. “In support of Ecolab’s policy on conflict minerals, suppliers are expected to supply materials to Ecolab that are ‘DRC Conflict-Free’. Suppliers are expected to adopt policies and management systems with respect to conflict minerals and to require their suppliers to adopt similar policies and systems. Ecolab expects suppliers to establish their own due diligence program to ensure conflict-free supply chains. In the event Ecolab determines that a supplier’s efforts to comply with this Policy have been deficient and the supplier fails to cooperate in developing and implementing reasonable remedial steps, Ecolab reserves the right to take appropriate actions up to and including discontinuing purchases from the supplier.”