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Bloomberg reported that while many companies have failed to adequately examine if they source minerals from the Democratic Republic of the Congo, Intel Corp. (NASDAQ:INTC) and Apple Inc. (NASDAQ:AAPL) are two exceptions.
Bloomberg reported that while many companies have failed to adequately examine if they source minerals from the Democratic Republic of the Congo, Intel Corp. (NASDAQ:INTC) and Apple Inc. (NASDAQ:AAPL) are two exceptions.
As quoted in the market news:
Under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, U.S. companies were required to disclose to the Securities and Exchange Commission by yesterday whether their products contained any gold, tin, tungsten or tantalum sourced from warn-torn parts of Congo or adjoining countries. The provision aims to choke off funding to armed militia groups responsible for human-rights abuses.
The majority of the U.S.-based companies provided few details about their efforts to keep supply chains free of conflict minerals, according to Global Witness, a U.K.-based advocacy group.