Is There a Rift Between Businesses and Policy Makers on Conflict Minerals Legislation?

Metal Miners reports that Lawrence Heim of Elm Consulting says there is a rift between policy makers and businesses when it comes to tantalum regulation.

The market news is quoted as saying,

The primary issues involve industry not accepting the recommendations of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict Affected and High-Risk Areas and the Supplement on Tin, Tantalum and Tungsten specifically for its lack of “actionable, specific implementation steps/detail and the uncertainty about how the Guidance will comply with SEC requirements,” and from a sourcing perspective, companies remain concerned about the confidentiality of supplier information as well as the fact that the supply chain for gold appears quite distinct from the other metals. Industry has raised concerns that compliance with Frank-Dodd will require a customized solution for that supply chain.

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