Developments in Eastern Congo Highlight Need for Companies to Prepare for SEC Conflict Mineral Rule Compliance

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Recent gains by rebel groups in the mineral-rich eastern region of the Democratic Republic of Congo (“DRC”) have complicated efforts for U.S. companies to comply with a new Securities and Exchange Commission (“SEC”) rule targeting “conflict minerals.”

The SEC finalized its Conflict Minerals Rule (the “Rule”) in August 2012. The Rule requires public companies to determine whether their products contain minerals mined from sources that benefit armed groups in the DRC or certain adjoining countries. The recent capture of a key commercial city in eastern DRC by armed rebel groups has compromised supply chains and made procurement of conflict-free minerals more difficult.

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Topics:  Compliance, Conflict Mineral Rules, SEC

Published In: Administrative Agency Updates, General Business Updates, Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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