A new Financial Reform Bill has been forcing Apple and Intel to disclose the use of conflict minerals which means the minerals that are fueling violence in Congo.

An amendment has been included in the Financial Reform Bill which requires companies to make a disclosure on annual bases to the Securities and Exchange Commission. This disclosure that the companies are required to make is about the origin of minerals that are being used in cell phones, computers and other electronic gadgets. The amendment which was introduced by Senator Sam Brownback has been accepted without any opposition. The aim of this amendment is to counter the use of conflict minerals. These conflict minerals are considered to be generating funds for violent militias in Congo. This move has coincided with a new advertisement from the campaigning group Enough Project who has claimed the purchase of tin, tantalum, tungsten and gold to have supplied $180 million to four militias which are already involved in the conflict. This has led to a tremendous increase in the crimes like 5 million people killed in the last 10 years. Other than this, hundreds of women and girls have been raped. Violence has been used by armed militias in order to control mines and trading routes. Further they are making a lot of money like hundreds of millions from selling these minerals to several electronic companies. A year ago most of the Congress members had not even heard of these conflict minerals like what are they and where do they come from. It is because of the amendment that they became aware of the conflict minerals and the problems they have been causing to the various companies and countries as well.

Protest

Right in the middle of the turbulent legislative calendar, activists from all over the country were clearly heard shouting out loud that they wanted conflict free products.

COMMENT

It was considered to be a lousy idea as it was unable to have any impact on the problem and was also unenforceable. It was also considered that if Apple buys 1,000 ounces of gold then it probably did not matter where it came from. Further all these minerals were fungible and since fungible materials are interchangeable therefore if Congo releases 1,000 ounces of gold in the market and someone obviously buys it then it does not really matter. This disclosure that the companies are required to make is about the origin of minerals that are being used in cell phones, computers and other electronic gadgets. The amendment which was introduced by Senator Sam Brownback has been accepted without any opposition. The aim of this amendment is to counter the use of conflict minerals. These conflict minerals are considered to be generating funds for violent militias in Congo.
As a result the violence in Congo should be dealt with violence directly instead of trying stupid methods or ways which will do nothing but will only increase the costs for people.