DRC: Controversy over “conflict minerals” law

IRIN reports major industries are seeking to alter the proposed US reporting rules on “conflict minerals” mined in the Democratic Republic of Congo.

The market news is quoted as saying,

In a bid to stem the flow of money from minerals mined in eastern Congo, widely seen as fuelling the ongoing conflicts, the US government included a clause in the financial reform legislation of July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act.

For the complete market news, click here.