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In July of 2010, the United States Congress passed legislation requiring corporations to report the use of “Conflict Minerals” in the manufacture of their products. In August 2012, the SEC approved its final rule on conflict minerals and their disclosure by manufacturers.
The rule, mandated by the Dodd-Frank Act (the “Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1502”), requires public companies to disclose whether they use conflict minerals (specifically tantalum, tin, tungsten, and gold) and whether the minerals originated in the Democratic Republic of the Congo (DRC) or adjoining countries — called “covered countries.”
The rule responds to concerns that conflict minerals mined in covered countries help finance armed groups that are responsible for violence in those countries. The disclosures are intended to pressure companies to ensure that their supply chains do not contribute to conflict or human rights abuse.
For more information on this legislation, see:
• Wikipedia - http://en.wikipedia.org/wiki/Conflict_minerals
• SEC website - http://www.sec.gov/divisions/corpfin/guidance/conflictminerals-faq.htm