Council adopts new regulation on conflict minerals
On April 3, 2017, after the approval by the European Parliament during the plenary session in March, the Council officially adopted the new regulation on conflict minerals.
The general aim is to prevent the minerals trade from funding conflict and human rights violations. According to the text, all but the smallest EU importers of tin, tungsten, tantalum, gold and their ores will be obliged to do “due diligence” checks on their suppliers and big manufactures will also have to disclose how they plan to monitor their sources to comply with the rules.
The new rules will become binding from 1 January 2021.
CSR Europe is working on a new EU Issue Insight focused on the new regulation, to be published in the next weeks.