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The Huffington Post reports the Dodd-Frank Act will affect the minerals markets, especially tantalum.
The Huffington Post reports the Dodd-Frank Act will affect the minerals markets, especially tantalum.
The market news is quoted as saying,
In 2010 the US Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Dodd-Frank Act. This law has received a lot of attention because of its sweeping new regulation of the financial industry. Less known, however, is the fact that this same law (under Sec. 1502) imposes additional reporting requirements on publicly traded companies manufacturing products that could potentially be using “conflict minerals” (in particular tantalum, tin, tungsten and gold). The law obliges these companies to report to the Securities and Exchange Commission disclosing their tax, royalty and other payments on each project they operate. This provision will cover US and European companies as well as many from emerging markets that sell shares on US stock exchanges.