It’s possible that amendments to the conflicts minerals section of the act could be coming.
Apple, HP, Samsung SDI, and Sony have joined an effort known as the Responsible Cobalt Initiative, led by the Chinese Chamber of Commerce for Metals, Minerals & Chemicals, and supported by the Organization for Economic Cooperation and Development (OECD).
Reuters reported that Rwanda has signed a five-year, $39-million mining contract with Oman’s Mawarid Mining LLC, a subsidiary of MB Holding Company. Under the contract, Mawarid will extract tin, tantalum and niobium.
A report released this week by Amnesty International reveals that not all is well in the cobalt space.
Bloomberg reported that South Korea is leading the first geological study of the Amazon rainforest’s rare metals, particularly tantalum, to secure supplies for smartphone production by Samsung Electronics Company Ltd. (KRX:005930) and LG Display Company Ltd. (NYSE:LPL).
Solomon Resources Limited (TSXV:SRB) has announced that its Rwandan exploration crews have begun preliminary exploration of coltan (niobium-tantalum) target at the Gipfizi Ridge in Rwanda.
Solomon Resources Limited (TSXV:SRB) has reported that its exploration crews in Rwanda have begun exploring the Gipfizi Ridge tin and coltan target, which is located 20km north of Gitarama, in the Republic of Rwanda.
Solomon Resources Limited (TSXV:SRB) has obtained a preliminary inventory of its coltan(nobium-tantalum) minesites within its Rurembo Project in Rwanda, which is a grassroots exploration program for tantalum, among others.
Solomon Resources Limited (TSXV:SRB) announced that it has obtained an initial inventory of coltan and artisanal tin minesites in its Rurembo Tin Project in the Republic of Rwanda.
Bloomberg reported that members of the U.S. Congress are asking the Obama administration to take a tougher stance against Rwanda in light of its support for the rebels in the Democratic Republic of Congo.
The Sydney Morning Herald reported that rebels have pulled out of the strategic city of Goma as pressure mounts from the U.N. to withdraw foreign support.
Bloomberg reported that unrest continues in the DRC, and that rebels have seized control of eastern city of Goma. The UN has demanded that they vacate immediately, and is calling for sanctions against the rebel group.