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Conflict Minerals
Practical Law Glossary Item 2-521-4858 (Approx. 2 pages)
Glossary
Conflict Minerals
Section 13(p) of the Exchange Act (added by Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act), and Rule 13p-1 under the Exchange Act require certain SEC reporting companies to make specialized disclosure and conduct related diligence concerning specified minerals and their derivative metals contained in the companies' products.
The minerals and metals covered by the rule, which are included in many common products, include:
- Cassiterite.
- Columbite-tantalite (coltan).
- Wolframite.
- Tin, tantalum and tungsten, which are derivatives of these minerals. These metals are often referred to as the "three Ts."
- Gold.
- Other minerals or derivatives the US Secretary of State may designate in the future.
Under Section 13(p) and Rule 13p-1, these minerals and metals are known as conflict minerals, regardless of their origin.
For more information on the diligence and disclosure required by Section 13(p) and Rule 13p-1, see Practice Note, Conflict Minerals Diligence. For a collection of resources that can assist companies complying with the conflict minerals rule, see Conflict Minerals Rule Compliance Toolkit.