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Conflict Minerals 3TG

CONFLICT MINERALS 3TG



Con-flict Min-er-al \kan-flict'\\'min-rl','mi-na'-\ noun:



1. Conflict minerals are minerals mined in conditions wher armed conflict and human rights abuses occur. Commonly used for 4 minerals (3TG): Tungsten, Tantalum, Tin, and Gold that are mined in the eastern region of the Democratic Republic of the Congo (DRC). Thes minerals are used in the production of various goods such as electronic devices and jewelry.



Worldwide Production



W-Canada

Au-USA

Sn-Peru

Sn W-Ghana

W-Austria

W-Portugal

Ta-DRC

Ta-Rwanda

Ta-Mozambique

Au-South Africa

W Au-Russia

W Sn Au-China

Sn-Monaco

Au Ta-New Zealand



The Top 5 Producers in Metric Tons - 2009

=Democratic Republic of the Congo

=Rest of the World





Tungsten

61,130 (99.72%)

W

170 (0.28%)



China

51,000 (83.2%)



Russia

2,500 (4.07%)



Canada

1,964 (3.2%)



Bolivia

19,273 (7.41%)



Austria and Portugal

900 (1.46%)



DRC

170 (0.28%) at $25,700/mt=

$2,621,400 Funding the war



Tungsten is from Wolframite. Used in the vibration of cellphones, filaments in vacuum tubes and electric lights, contact points in cars, electrodes, rocket engine nozzles, and cutting tools.



Tantalum

583 (87.01%)

Ta

87 (12.99%)



Brazil

180 (26.87%)



Mozambique

113 (16.86%)



Rwanda

104 (15.52%)



DRC

87 (12.99%)



Australia

81 (12.09%)



DRC

87 (12.99%) at $73,110/mt= $6,359,700 revenue

$3,815,820 funding the war



Tantalum is from Coltan ore. Used in capacitors, condensers, cutting tools, vacuum tube filaments, and camera lenses.



Tin

250,600 (96.38%)

Sn

9,400 (3.62%)



China

115,000 (44.23%)



Indonesia

55,000 (21.15%)



Peru

37,503 (14.42%)



Bolivia

19,273 (7.41%)



Brazil

13,000 (5%)



DRC

9,400 (3.62% at $14,200/mt =

$133,480,000 revenue

$80,088,000 funding the war\



Tin is used in solder, electronic components, coating for steel cans, bearing alloys, and glass making.





Gold

2,448 (99.92%)

Au

2 (0.08%)



China

320 (13.06%)



United States

223 (9.10%)



Australia

222 (9.06/5)



South Africa

197.698 (8.07



Russia

190,693 (7.78%)]



DRC

2,000 (0.08%) at $31,300,000/mt =

$62,600,000 revenue

$37,560,000 funding the war



Gold is used in electronics, electronic components, jewelry, dental crowns, and coins.



Who is Involved



Countries Involved in the Illegal Trade of Conflict Minerals



Mine Locations



1.Angola

2.Burundi

3.Central African Rep.

4.Rep of Congo

5.DRC

6.Rwanda

7.South Sudan

8.Tanzania

9.Uganda

10.Zambia



Fighting Forces Within the DRC

*Congolese National Army

*Various Armed Rebel Groups

*Liberation of Rwanda





There were 5.4 MILLION deaths as of 1998. That is equal to 3.5 times the population of Philadelphia, PA. USA



45,000 die each month

=10,000 Deaths



Industries Affected



Healthcare

Industrial Manufacturing

Electronics

Aerospace

Jewelry

Automotive



What is Being Done



The United States passed the 2300 page Dodd-Frank Wall Street Reform and Consumer Protection Act in May of 2010. It was signed by President Obama on July 21, 2010. Section 1502 of this law is referred to as the "Conflict Minerals Law" and requires all companies that are registered with the SEC to disclose the source of minerals in their products. This is the first of its kind in the world.



The United Nations and DRC have started a pilot project aimed at creating 5 mineral trading centers in the eastern section of the country to regulate the sale of minerals.



Who Should Care



*Publicly traded companies and the companies that supply them



*Companies that use these minerals "necessary to the functionality or production of its products" of its products manufactured (or contracted to be manufactured)



*The Securities and Exchanges Commission is expected to finalize updates to 17 CFR parts 229 and 249 by the end of 2011.



For more info



Enough Project

www.enoughproject.org



Genocide Intervention

www.genocideintervention.net



Global Witness

www.globalwitness.org



Raise Hope for Congo

www.raisehopeforcongo.org

Conflict Minerals 3TG

shared by brockthedesigner on Apr 14, 2013 in Economy

Conflict Minerals 3TG

shared by brockthedesigner on Apr 14, 2013 in Economy

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Describing some of the startling facts about the mining and trade of conflict minerals
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