European Parliament Votes Mandatory Conflict Minerals Regulation – May 2015

The European Parliament vote on May 20, 2015 to push back on the European Commission’s proposed voluntary self-certification scheme for a mandatory system of

  • certification for importers of minerals to produce tin, tungsten, tantalum, and gold (3TG),
  • third-party audits for refiners and smelters to their check due diligence practices and
  • information on due diligence measures by downstream companies.

The European Parliament press release states:

In addition, “downstream” companies, that is, the 880 000 potentially affected EU firms that use tin, tungsten, tantalum and gold in manufacturing consumer products, will be obliged to provide information on the steps they take to identify and address risks in their supply chains for the minerals and metals concerned.

The EU proposal potentially covers sourcing from any conflict area, not limiting the scope of the due diligence measures to only the Democratic Republic of Congo (DRC) region.

The press release is available from European Parliament press release.

ECD Compliance clients will be receiving additional analysis and potential impacts of the Parliament’s approved changes in the upcoming Environmental Report.