CONFLICT MINERALS LEGISLATION: SHOOTING AT THE WRONG TARGET… AGAIN

Author
Marijke Verpoorten, Nik Stoop
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, Minerals
Political Geography
Global Focus