McDermott: Out of Africa

Tantalum Investing

Seattle Post Intelligencer reports Congressman Jim McDermott is hoping reform legislation can lessen mining that finances the DRC’s civil war.

Seattle Post Intelligencer reports Congressman Jim McDermott is hoping reform legislation can lessen mining that finances the DRC’s civil war.

The market news is quoted as saying,

Eastern Congo is rich in three metals — tungsten, tin and tantalum — used in just about everything electronic.

Renegade armed groups, using local villagers as slaves, “shovel these metals into bags and bring it to the mines,” said McDermott. “It is how they have funded a war over the last 10 years.”

For the complete market news, click here.

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