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ARTICLE · 24 AUGUST 2012

SEC Issues Long-Delayed Rule On Conflict Minerals

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Earlier today, at an open hearing, the Securities and Exchange Commission ('SEC") voted in favor of a final rule on conflict minerals.

United StatesCorporate/Commercial Law
Foley Hoag LLP
Foley Hoag LLP
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Earlier today, at an open hearing, the Securities and Exchange Commission ('SEC") voted in favor of a final rule on conflict minerals. A copy of the final rule is available here (.pdf).  

As discussed in previous  posts, Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act directed the SEC to issue a rule defining specific disclosure requirements for issuers for which conflict minerals are "necessary to the functionality or production of a product" manufactured, or contracted to be manufactured, by the issuer. Conflict minerals consist of columbite-tantalite (tantalum), wolframite (tungsten), cassiterite (tin), and gold.  Section 1502 was intended to address concerns that the sourcing of certain minerals is supporting the ongoing conflict in the Democratic Republic of Congo ("DRC").

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