Tin industry targets March for implementation of conflict mineral tagging

Itri.com reports that, in response to pressure from the short deadlines set out by the US conflict mineral legislation, that ITRI (NASDAQ:ITRI) and T.I.C. announce a target for full implementation of the iTSCi tagging system by March 31, 2011.

The story is quoted as saying:

Kay Nimmo of ITRI noted that “While ITRI and the whole supply chain has been working very hard to address the conflict minerals issue via our phased and practical system it will be extremely challenging to meet this target date of end March 2011. We are not just talking about implementing a system in areas where conflict funding is known to exist, but in other provinces of the DRC, and other adjoining countries, an area covering practically a third of Africa. Realistically, with the resources available to us, it is unlikely that all cassiterite from the region can be covered by the system in time and many current production areas will unfortunately as a result be subject to an effective embargo by next April.

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