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EU votes for mandatory conflict minerals requirements.

01/06/15

The European Parliament unexpectedly voted to require mandatory conflict minerals certification by companies in the European Union (EU).

The European Parliament voted 402 in favor versus 118 against with 171 abstentions on a proposal to require companies, including electronic firms, that buy gold, tantalum, tin and tungsten to certify imports do not provide financial support to conflict. The regulation applies to all high risk areas of the world, of which the Democratic republic of Congo and the Great Lakes area are the most obvious examples.

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