The Securities and Exchange Commission voted Wednesday to approve new rules that would require American companies to publicly disclose whether they use "conflict minerals" originating from the Democratic Republic of the Congo (DRC), or neighboring countries. The proceeds of the sales of many of these minerals have been fueling regional conflicts in Central Africa for well over a decade.
For years, many activists around the world have pushed for tougher restrictions on the sourcing of cassiterite, wolframite, coltan, and gold, which are crucial raw materials necessary for manufacturing a significant portion of all consumer electronic devices. According to the new rules, companies would be required to conduct a "reasonable" inquiry to determine the provenance of such minerals and report those findings to the SEC and to the public on the company’s website.
Just last week, Nintendo was called out as being the "worst" among major tech companies in a new study by the Enough Project, as it has seemingly made no effort to minimize or eliminate its use of conflict minerals.
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