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Sparky the Wonder Cat
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Stock Keeper
Doesn't Effect Me
Sparky the Wonder Cat   5/28/2013 4:21:06 PM
NO RATINGS

Our company isn't publicly traded, so the SEC bureaucrats can take a hike. That also goes for the new crop of compliance consultants ready to fatten their pockets.

We've been conflict mineral-free since 1990 thanks to neither.

 




R.J.Matthews
User Rank
Stock Keeper
Re: food chain
R.J.Matthews   5/28/2013 6:18:56 AM
NO RATINGS

A natural choke point in the food chain is the Smelters Flying Scot.

http://www.eicc.info/CFSProgram.shtml companies could make their job of compliance a lot easier if they put pressure on them to make faster progress.

http://www.pddnet.com/news/2013/05/tungsten-industry-develops-conflict-minerals-legislation-compliance-framework

The Initiative is based on the recognition that refiners, pivotally positioned as they are in the tungsten supply chain, can best determine the source of tungsten materials made available to the global marketplace.

 

FLYINGSCOT
User Rank
Supply Network Guru
food chain
FLYINGSCOT   5/27/2013 9:36:33 AM
NO RATINGS

This must be so difficult to police unless the onus is on the consumer to prove that they bought only approved materials.  Highly complicated products that use hundreds of componnetsthat task must be quite onerous.

R.J.Matthews
User Rank
Stock Keeper
Re: Just what we need ....
R.J.Matthews   5/26/2013 12:08:34 PM
NO RATINGS

Well usually harder to get international agreements but the UN is looking at the problems as well as national governments.

http://www.reuters.com/article/2013/05/23/us-congo-democratic-ban-idUSBRE94M0QX20130523

http://www.reuters.com/article/2013/05/22/us-congo-democratic-worldbank-idUSBRE94L0KQ20130522

http://au.news.yahoo.com/latest/a/-/article/17244652/mps-consider-probe-into-transparency-of-mining-firms/

It would also look at whether Britain should sign up to the Extractive Industries Transparency Initiative (EITI) as well as examining mining and oil companies' roles in communities and their environmental efforts.

The EITI, supported by the World Bank, was set up to improve transparency and accountability in countries rich in mineral resources.

 

 

Hospice_Houngbo
User Rank
Supply Network Guru
Re: Just what we need ....
Hospice_Houngbo   5/25/2013 8:41:07 AM
NO RATINGS

@R.J.Matthews

Good to know that other countries are concerned with the conflict minerals problems and are finding ways to resolve them. But it seems that "long term self interest" will likely prevent the enactment of "global" compelling laws regarding the issues.

R.J.Matthews
User Rank
Stock Keeper
Re: Just what we need ....
R.J.Matthews   5/25/2013 7:20:50 AM
NO RATINGS

The US does at the moment does have a lead in highlighting this issue in some ways but Europe will catch up and bring in new laws.

Global witness is based on in the UK Hospice Houngo so problems with conflict minerals problems will continue to be highlighted here plus it is now being noticed at a top level. https://www.gov.uk/government/news/william-hague-and-angelina-jolie-visit-eastern-drc

This is happening in spite of a charity begins at home sentiment.

http://www.express.co.uk/news/uk/394031/David-Cameron-scraps-plan-to-boost-foreign-aid

I doubt the recent growing focus is down just to humanitarian concerns as the DRC is of increasing strategic importance. The Chinese have realised this for a long time and the west now has to play catch up.

http://m.voanews.com/a/1662105.html

http://www.africanglobe.net/business/grand-inga-sa-drc-construct-worlds-largest-hydro-power-plant/

In Germany you have a strong Green movement plus the country needs the imported raw materials to keep it export economy which has been concerning them for a while.

http://www.osw.waw.pl/en/publikacje/osw-commentary/2011-02-08/natural-resources-deficit-implications-german-politics

So you are bound to get more focus there.

The west simply cannot afford on humanitarian grounds or the grounds of long term self interest to ignore the problems in the DRC especially conflict minerals.

Any new law or laws brought in by the EU are likely to be tougher as Europe is more left wing and socialist with a well established green movement.

http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+IM-PRESS+20090828STO59859+0+DOC+XML+V0//EN

http://en.wikipedia.org/wiki/European_Green_Party

Ironic the NAM and some grandstanding politicians are the ones blocking progress as if they properly understood the issues involved they would understand the shear importance of cleaning up and expanding the supply chain of minerals from the DRC.

That's before even getting into the moral issues.

 

Hospice_Houngbo
User Rank
Supply Network Guru
Re: Just what we need ....
Hospice_Houngbo   5/24/2013 10:29:55 PM
NO RATINGS

@R.J. Matthews,

What is the feeling of other countries, such as the EU counries about those rules? Do you think that they will come up with their own compliance program whether the US regulations is adopted or not? 

Hospice_Houngbo
User Rank
Supply Network Guru
Re: Just what we need ....
Hospice_Houngbo   5/24/2013 10:19:49 PM
NO RATINGS

Those who are not happy with the rules will always attempt to block their implementation - that is human nature. Question is what power does the US Securities and Exchange Commission have to enforce the regulation despite oponents' resistance.

R.J.Matthews
User Rank
Stock Keeper
Re: Just what we need ....
R.J.Matthews   5/24/2013 7:12:26 AM
NO RATINGS

It's not a case that if National Association of Manufacturers succeeds in sabotaging progress on conflict minerals rules there will be less bureaucracy and red tape.

http://www.natlawreview.com/article/conflict-minerals-update-courts-congress-canada-and-eu-consultations

What will happen is that you will get multiple rules come in, in other countries and trading blocks that are likely to be harsher more bureaucratic and American industry will have less influence over.

All this happening in a climate over a perception of big American companies not paying any tax so the EU and its socialist members could well have a field day using this as a stick to beat American companies. If you think American bureaucracy is bad it is mild compared to European rules and regulations.

If NAM had been smart they would have backed the new rules then other counties and trading blocs would have just copied and pasted a blue print of success and American industry would have had a bigger lead than anyone else in understanding and coping with the issues involved.

I suppose that would have needed the leadership at NAM to show some vision and imagination and plain common sense though.

 

nimantha.d
User Rank
Supply Network Guru
Re: Just what we need ....
nimantha.d   5/24/2013 12:19:09 AM
NO RATINGS

@rohscomplaint: Agreed on your other two points but not sure about your regulations part.    


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