EU Conflict Minerals Rule
Conflict Minerals: EU reaches political understanding on regulation
In June, the European Union finally reached an agreement on the broad framework of a conflict minerals regulation.
- Who is affected: Only direct importers of minerals and metals into the EU will be required to conduct due diligence based on OECD Guidance framework. Private and public disclosure may be required.
- Material: The regulation is limited to 3TG (tin, tantalum, tungsten, gold). Final regulation will include an annex with more detailed product description of the specific ores, concentrates and metals in scope, even products such as tin oxides and chlorides.
Excluded mineral content:
=>Recycled metals are likely to be excepted, although the specifics still need to be fleshed out. The definition is likely to mirror that in the OECD Guidance.
=>Existing stocks of minerals will be grandfathered (31 January 2013) and mineral by-products will not come within the scope of the regulation.
- Existing due diligence schemes: The EU regulation will recognize existing due diligence schemes and the recognition process is expected to be described in the final regulation.
- Geographic scope: The regulation will apply to minerals sourced from conflict-affected and high-risk areas worldwide. In contrast, US Dodd-Frank Act is limited to the Democratic Republic of Congo.
- Handbook for the operators: The regulation will contain a general principals-based definition of a conflict-affected and high-risk area. The EU will develop an indicative and non-exhaustive list of those areas.
- Effective date: A two year transition period is expected before the regulation comes into full effect.
- Reporting and disclosure: The EU Commission plans to set up a registry or transparency database that companies that are subject to the Non-Financial Reporting Directive can use to voluntarily report on their due diligence practices.
New Fact Sheet: Socio-Economic Development in the PGM Industry
The Fact Sheet concentrates upon the socio-economic challenges and benefits of PGM mining in South Africa and gives examples of SED best practices.» more
First PGM Life Cycle Assessment Completed
As an association representing the platinum group metals (PGM) industry, the IPA has conducted and completed the first industry-wide life cycle assessment of PGMs in order to generate a reliable, current and independent dataset of the environmental footprint of these metals and of products containing PGMs.
The study and its results are explained and summarized in The Environmental Profile of PGMs which can be downloaded here. More information on the methodology is available from our Life Cycle Assessment Fact Sheet. Please also visit our Sustainabilty section to learn more about the IPA LCA Study.» more