The EU’s Conflict Minerals Regulation aims to ‘prevent international trade in minerals from financing warlords, criminals and human rights abusers’. EU producers of tin, tantalum, tungsten and gold must prove their raw materials have not been sourced from conflict-affected areas, such as the Democratic Republic of Congo.
Why it’s important
European smelters and refiners of the targeted metals will now be required to prove their supply-chains are conflict free.
As an industry, we’ve already set leading standards of responsible sourcing. All EU producers comply with independent due-diligence schemes, which are based on OECD guidelines and include third-party auditing. EU regulators have agreed to recognise this best practice, avoiding double regulation.
What we are seeking
We’re now calling on the EU to avoid loopholes and extra costs, through:
- A clear definition of which countries are “conflict-affected”
- A simple and workable procedure for metals recyclers to exclude their products
- More details on how Member States will be financed
We’re also pushing for a due-diligence scheme to be introduced worldwide, to create a level playing field for all operators.