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SEC Requires Business To Report Conflict Metals Trade
Jul. 25, 2012 01:01PM PST
Critical Minerals Investing
Bloomberg reported companies will be forced to disclose where they buy metals from under a new U.S. Securities and Exchange Commission law.
Bloomberg reported companies will be forced to disclose where they buy metals from under a new U.S. Securities and Exchange Commission law.
As quoted in the market news:
Once the rule is in place, the agency estimates 6,000 publicly-traded companies — mostly manufacturers and retailers — must report to the SEC where they get their tin, tantalum, tungsten or gold. The rule is meant to halt the flow of mining money to those committing atrocities in the Democratic Republic of Congo by pressuring manufacturers to protect their reputations — not by issuing an outright ban on using the conflict metals.