GAO - Report, recommendations concerning trade in conflict minerals 

June 26: The U.S. Government Accountability Office (GAO) today released a report concerning trade in conflict minerals (tin, tantalum, tungsten, and gold).

The Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) directed certain U.S. agencies to take steps concerning conflict minerals from the Democratic Republic of the Congo (DRC) and adjoining countries. The Securities and Exchange Commission (SEC) issued a rule in 2012 requiring certain companies to disclose the source and chain of custody of necessary conflict minerals in their products. The Commerce Department, however, has not yet compiled a list of all conflict minerals processing facilities—smelters and refiners—known worldwide, required by January 2013 by the Dodd-Frank Act.


The GAO report recommends that the Commerce Department provide a plan that outlines steps, with associated timeframes, to develop and report the required information about smelters and refiners of conflict minerals worldwide.


Commerce concurred with GAO's recommendation and noted that it will submit a listing of all known conflict minerals processing facilities worldwide to Congress by September 1, 2014.


Read the 75-page GAO report [PDF 2.82 MB] Conflict Minerals: Stakeholder Options for Responsible Sourcing Are Expanding, but More Information on Smelters Is Needed, GAO-14-575 (June 26, 2014)



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