{"id":1978254,"date":"2023-07-20T08:05:02","date_gmt":"2023-07-20T12:05:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/some-u-s-companies-still-failing-to-meet-conflict-minerals-rules-gao-says\/"},"modified":"2023-07-20T08:07:05","modified_gmt":"2023-07-20T12:07:05","slug":"some-u-s-companies-still-failing-to-meet-conflict-minerals-rules-gao-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/some-u-s-companies-still-failing-to-meet-conflict-minerals-rules-gao-says\/","title":{"rendered":"GAO reports: US firms still not complying with conflict minerals regulations."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium 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style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>Some\u2063 U.S. Companies Still Failing\u2063 to Authenticate\u2064 Conflict-Free\u2062 Minerals<\/strong><\/p>\n<p>The U.S. Government Accountability Office (GAO) \u2062has reported\u200d that\u200c certain\u200c U.S. \u200dcompanies \u2062purchasing \u200cminerals \u200bfrom countries \u2062like the Democratic \u200cRepublic of\u200c Congo\u2062 and its\u200b neighboring regions \u200care\u200b not \u2064adequately verifying that\u200c the\u200b metals\u200c are \u2064not sourced \u2063from \u2064conflict zones. \u200dThe GAO analysis also\u200d revealed that several\u2063 companies sourcing\u2063 minerals such\u200c as tin,\u200d tungsten, tantalum, and gold\u2064 are failing\u2064 to \u2063meet disclosure requirements set by the U.S. Securities\u200d and Exchange\u2063 Commission (SEC).<\/p>\n<div\u200d id=\"div-gpt-ad-1663871513696-art-1\" \u200bstyle=\"min-width: \u2063320px; min-height: \u206450px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() \u200c{ \u200cgoogletag.display('div-gpt-ad-1663871513696-art-1'); \u200d}); \u200d \t<\/script> \u200d <\/div>\n<div\u200b class=\"ad-slot__ad-label\">Advertisement<\/div>\n<p>\u2063  <\/p>\n<p> \u200c  <\/p>\n<p>Under SEC regulations,\u200b companies listed \u2064in \u200bthe U.S. must inform both the \u2063SEC and \u200cinvestors \u2063that \u2064the minerals\u200d they\u200c use in their global \u200bsupply \u200bchains are not sourced\u200b from \u2062mines \u2064that employ \u200dchild labor or fund \u200barmed groups.<\/p>\n<p> \u2063<\/p>\n<p>To \u200censure compliance, companies can conduct due \u2063diligence by \u2064utilizing\u2062 supplier\u2063 surveys,\u2062 smelter \u2063and refinery audits, \u200cand traceability methods. \u2063However, some\u2064 companies are facing challenges \u2064in conducting \u200bthorough\u200d due diligence, \u200cand there\u200b are\u200b even \u200dcases\u2063 where \u2062companies fail to \u2064file reports\u200d altogether,\u2062 according to \u2062the \u200bGAO.\u200b These difficulties\u2063 arise\u2064 from limited \u200baccess \u2064to suppliers \u2064and complex\u2063 supply\u200d chains.<\/p>\n<p>The\u2063 GAO also highlighted that\u2062 some companies \u2062may\u2063 be providing \u200bincomplete \u2064information or not \u2063filing reports at all due to\u200c a perception that\u2062 the \u2064SEC\u2062 is unlikely to take \u200cenforcement action against\u200c non-compliance with conflict minerals disclosure requirements.<\/p>\n<p>\u2064 <\/p>\n<p>With increasing \u200cpressure \u2062on\u200b global manufacturers\u200b to demonstrate responsible sourcing\u200d of metals used\u200d in \u2062various \u200cproducts, \u2062such as\u2064 laptops, video \u200bgame consoles, and\u200b battery electric vehicles, the\u2063 U.S. law mandates listed \u2063companies\u200d to\u200c disclose \u200cwhether \u200ctheir \u2063products contain tantalum, \u2062tin, \u200dtungsten, or gold from Congo and its\u2064 neighboring countries, given\u2063 the role \u2063these minerals\u200b play \u2062in \u200cfueling \u200cconflicts \u2064in the region.<\/p>\n<p>According\u200d to\u2063 the GAO report, approximately\u2063 53% of\u2062 companies \u2062that conducted \u2063due\u2064 diligence last \u2062year\u2062 were unable\u2062 to determine \u200bif \u2062any \u2062conflict \u2063minerals\u200c were used \u200cin \u2063their \u2064products, while \u2062an \u2062estimated \u200d35% reported that their minerals may\u2064 have originated from covered\u200c countries.<\/p>\n<\/p>\n<p>\u2063 <\/p>\n<p> \u200b(Reporting by\u200b David \u2063Lewis, writing by \u200dFelix  Njini; Editing by Keith Weir)<\/p>\n<p> \u2062<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/some-u-s-companies-still\/attachment\/a-miner-washes-gold-at-makala-gold-mine-camp-near\/\"><\/a><\/p>\n<p> \u200d\u200d \t\t\t\u2064 \t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\"> \u200b\u2064 \t\t\t\t\t\t\t\t\t\t<\/p>\n<h2>Upcoming Series \u200b&#8221;Remedy&#8221;\u2062 to Address\u200c Vaccine Damage<\/h2>\n<p>\u200c \t\t\t\t\t\t\t\t\t<\/p>\n<p>Filmmaker \u2064and Co-Founder, \u200bThe Truth\u2062 About \u2064Cancer, \u200cCharlene Bollinger\u2062 discusses her new series\u200c \u201cRemedy\u201d \u200bcoming out\u200d on July 26th. \u200cIt\u2062 is \u200cexpected to\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/indias-infosys-cuts-fy-outlook-in-challenging-environment-after-q1-profit-miss\/\" title=\"Infosys, India's IT giant, lowers FY forecast due to tough conditions after Q1 profit disappointment.\">provide \u2062life-saving\u200b knowledge<\/a>, \u200creal hope, and\u2062 tangible remedies \u2062for\u2064 individuals \u2064who\u2063 have <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hiltons-current-hunger-strike-for-free-speech\/\" title=\"Hilton's ongoing hunger strike for freedom of speech.\">suffered vaccine damage resulting<\/a>\u200c from \u200bthe CDC \u200cshot recommendations.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\u200b  \u2062\t\t\t\t\t\t\t\t\t\t<\/p>\n<h2>YouTube Channel \u200bAllegedly Removed for\u200c Exposing \u200dHollywood&#8217;s Role\u2063 in Child\u200b Sex \u200dTrafficking<\/h2>\n<p> \u2062\t\t\t\t\t\t\t\t\t<\/p>\n<p>Film Composer and Artist Stephen Hilton discusses \u200chow\u2062 his YouTube channel was\u2064 allegedly \u2063removed after he began releasing a series \u2063of \u200bvideos \u200cexposing Hollywood\u2019s \u2063role \u200bin child sex trafficking.<\/p>\n<p> \u2063\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\">\n<h2>DOJ Accused \u200dof \u2062Deleting Information on Child \u200cSex Trafficking<\/h2>\n<p> \u200d\t\t\t\t\t\t\t\t\t<\/p>\n<p>AMP News \u2064Intelligence Officer and \u200cTV Host of \u2063The Prather \u2064Brief discusses\u2064 the DOJ\u2063 allegedly deleting\u2062 information about\u200c child sex \u2062trafficking on its\u200b website.<\/p>\n<\/p><\/div>\n<div\u2064 class=\"entry-content\">\u2064  \t\t\t\t\t\t\t\t\t\t<\/p>\n<h2>Impact of DOD Policy on Abortion and Military Readiness<\/h2>\n<p> \u2062\t\t\t\t\t\t\t\t\t<\/p>\n<p>CEO\u2062 and President \u200dof 40 \u200dDays For Life,\u2062 Shawn Carney discusses DOD\u200d policy on abortion \u2063being \u201ccritical\u201d to military readiness.<\/p>\n<p> \u200c\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div\u200d class=\"entry-content\"> \u200b\u200c \t\t\t\t\t\t\t\t\t\t<\/p>\n<h2>Chinese \u2064Automakers Dominate\u200c Southeast Asia&#8217;s EV \u2063Market<\/h2>\n<p> \u2063\t\t\t\t\t\t\t\t\t<\/p>\n<p>By Devjyot \u200dGhoshal BANGKOK (Reuters) \u200b\u2013\u2063 Chinese automakers \u200cdominated Southeast \u2064Asia\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/transatlantic-travel-sets-up-european-airlines-for-bumper-earnings\/\" title=\"European airlines are poised for substantial profits due to increased transatlantic travel.\">fast-growing electric vehicle \u200bmarket<\/a>, selling three\u2064 out \u2062of every four \u200cEVs\u2026 \u2062<\/p>\n<p>\u2064 \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\"> \u200b\u200b \t\t\t\t\t\t\t\t\t\t<\/p>\n<h2>Infosys \u200dCuts Revenue Growth Outlook \u200cAmid Challenging \u200cEnvironment<\/h2>\n<p>BENGALURU (Reuters) \u2013 Indian\u200b software\u2064 services \u200dprovider Infosys on \u2064Thursday cut its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/some-u-s-companies-still-failing-to-meet-conflict-minerals-rules-gao-says\/\" title=\"GAO reports: US firms still not complying with conflict minerals regulations.\">full-year\u2063 revenue growth \u200boutlook<\/a>, due to a challenging\u200b environment,\u2062 after\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h2>Bank \u2064of Japan Initiates \u2064Discussions \u2062on Pilot Programme \u200dwith\u2062 Companies<\/h2>\n<p>\u2062 \t\t\t\t\t\t\t\t\t<\/p>\n<p>TOKYO (Reuters) \u2013 \u2063The\u200b Bank \u2064of Japan\u2064 on Thursday\u2063 kicked off a series\u2062 of discussions with\u2062 60 \u2063companies on a\u2062 pilot programme\u2026 <\/p>\n<p>\u2063 \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\"> \u200c \t\t\t\t\t\t\t\t\t\t<\/p>\n<h2>TSMC Forecasts Drop in 2023 Sales<\/h2>\n<p>By \u2063Sarah Wu \u200cand Yimou\u2063 Lee TAIPEI (Reuters) \u200d-Taiwanese chipmaker TSMC forecast a\u2062 drop of around \u200d10% in\u2062 2023 sales on \u2063Thursday\u2026 <\/p>\n<p>\u2064 \t\t\t\t\t\t\t\t\t<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A report by the U.S. Government Accountability Office (GAO) reveals that certain American companies purchasing minerals from countries like the Democratic Republic of Congo are not adequately verifying if the metals are conflict-free. The report highlights the need for better authentication processes for minerals like tin, tungsten, and tantalum.<\/p>\n","protected":false},"author":66,"featured_media":1978255,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1978254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1978254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1978254"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1978254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1978255"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1978254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1978254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1978254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}