Congo Government Asks U.S. to Use OECD Guidance for Conflict-Mineral Rules

Bloomberg reports the DRC appealed to the U.S. Securities and Exchange Commission to prevent forthcoming conflict-mineral rules.

The market news is quoted as saying,

Kabwelulu’s letter is the Congolese government’s first written request to the SEC about the guidelines, which the commission was asked to develop last July under the Dodd-Frank Act to help cut the link between Congo’s mineral trade and armed groups. The SEC rules, which are expected as early as next month, will apply to U.S. companies involved in the trade in tin ore, tantalum, tungsten and gold shipped from Congo and nine neighboring countries.

For the complete market news, click here.