Course details

Conflict Minerals

Conflict Minerals


Overview/Description
Target Audience
Prerequisites
Expected Duration
Lesson Objectives
Course Number


Overview/Description
'Conflict mineral' refers to raw materials that are sourced from a particular part of the world where armed conflict (and civil rights abuse) is occurring, where conflict participants benefit from the mining, production, and sale of those materials. Conflict minerals include columbite-tantalite, cassiterite, gold, and woframite, primarily from in the Democratic Republic of the Congo or an adjoining country. Section 1502 of the Dodd-Frank Act requires US companies to identify and disclose where the minerals used in its products come from in an effort to build consumer awareness and reduce the amount of funds flowing to militias in identified regions. This course was developed with subject matter support provided by The Potomac Law Group, PLLC. Please note, however, that the course materials and content are for informational purposes only and do not constitute legal advice and may or may not reflect the most current legal developments. Nothing herein, or in the course materials, shall be construed as professional advice as to any particular situation or constitute a legal opinion with respect to compliance with legal statutes or statutory instruments. Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship. Readers should not act upon this information without seeking independent legal advice. In April 2017, the SEC announced that it will not enforce certain significant requirements concerning due diligence and reporting on conflict minerals, at least until the agency resolves what it called “regulatory uncertainties” under review. Other important requirements of the conflict minerals rules remain in force. It’s possible, though not generally considered likely, the SEC will reinstate the due diligence and reporting requirements. Some companies are advised by experts to continue to comply with the suspended regulations pending final resolution. Companies may also choose to follow due diligence and disclosure practices independent of SEC requirements in order to maintain “responsible sourcing policies” or for other reasons.

Target Audience
All employees whose job roles are related to the company's supply chain management

Prerequisites
None

Expected Duration (hours)
0.6

Lesson Objectives

Conflict Minerals

  • identify requirements of the law around conflict minerals
  • sequence actions to take to follow the conflict minerals compliance process
  • distinguish appropriate and inappropriate ways of completing the CMRT
  • Course Number:
    lchr_01_b06_lc_enus