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Conflict minerals

Na kratko 10-03-2017

After lengthy interinstitutional negotiations concluded in a trilogue agreement with the Council, Parliament is due to adopt its first-reading position, during the March II part-session, on a proposed regulation laying down supply chain due diligence obligations for importers of tin, tantalum and tungsten, as well as their ores, and gold originating in conflict-affected areas. The proposed regulation seeks to break the link between certain armed conflicts and the illegal mining operations which sustain ...

Kyrgyzstan: Economic situation

Na kratko 02-02-2016

Political instability in Kyrgyzstan – climaxing in two uprisings which ended with governments ousted, as well as an ethnic riot in June 2010 – has worsened the already fragile economic situation, with the country highly dependent on foreign aid, exports of gold and remittances sent home by migrant workers. The newest member of the Eurasian Economic Union, Kyrgyzstan has come under further economic pressure following Russia's economic slowdown.

Mineral-rich countries afflicted by conflicts may face a vicious circle, under which revenue from illegally extracted resources feed armed revolts. To break this link, international organisations and the European Parliament have called for the setting up of due-diligence systems for firms in the mining supply chain. The Commission submitted in March 2014 a proposal instituting a voluntary due-diligence system aimed at importers and upstream producers of tin, tantalum, tungsten and gold (hereafter ...

This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's Impact Assessment (IA) accompanying the proposal setting up a Union system for supply chain due diligence of responsible importers of tin, tantalum and tungsten, their ores, and gold originating in conflict-affected and high risk areas. Armed groups and security forces in conflict regions partly finance their activities from the proceeds of the extraction and trade of minerals. These products ...

The European Commission has forwarded draft regulation to the European Parliament to limit the import of ’conflict minerals’. Including tin, tantalum, tungsten and gold, conflict minerals originate in countries and regions marked by armed conflict or the risk of conflict; the exports of these ‘conflict minerals’ are suspected of illicitly financing the army or other military groups. The initiative attempts to set-up a voluntary Union system for supply chain due diligence self-certification of responsible ...