On September 5, 2014, The U.S. Department of Commerce published a list of known conflict mineral processing facilities, as required under Section 1502(d)(3)(C) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
The U.S. government finally acknowledged Friday it cannot determine which refiners and smelters around the world are financially fueling violence in the war-torn Congo region.
While the list identifies more than 400 sites from Australia to Brazil and Canada, the Department of Commerce report states that it “does not have the ability to distinguish” which are being used to finance conflict in the Democratic Republic of the Congo (DRC) or adjacent countries.
The Department missed its original January 2013 deadline, under the 2010 Dodd-Frank Act, to list “all known conflict mineral processing facilities world-wide.” A June 26, 2014 report by the Government Accountability Office blasted the department for the delay.
According to a September 8, 2014 article in the Wall Street Journal, “The inconclusive report underscores the challenges faced by hundreds of U.S. public companies that also had to comply with the rule and file reports on their efforts to discover conflict minerals in their supply chains.”