1. CONFLICT MINERALS LEGISLATION: SHOOTING AT THE WRONG TARGET… AGAIN
- Author:
- Marijke Verpoorten and Nik Stoop
- Publication Date:
- 01-2021
- Content Type:
- Commentary and Analysis
- Institution:
- Political Violence @ A Glance
- Abstract:
- On January 1, 2021, the European Conflict Minerals Act came into force. It aims to regulate the trade in four minerals—tin, tantalum, tungsten, and gold, also known as 3TG—that are often sourced from conflict-affected countries where the profits may allow armed groups to finance their activities. The regulation aims to break the link between minerals and conflict by ensuring that European Union (EU)-based companies only import minerals from conflict-free sources. If companies import minerals from conflict regions, the law requires them to report where the minerals were mined, the location of processing and trade, and the taxes and fees that were paid.
- Topic:
- Conflict Prevention, Conflict, and Minerals
- Political Geography:
- Global Focus