European Companies Allowed to Reap Rewards From Deadly Conflict Mineral Trade

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European companies must responsibly source minerals.

The European Union is failing to stifle a deadly trade in conflict minerals, a coalition of rights groups including Global Witness and Amnesty International warned today, ahead of weak new legislation being discussed in Parliament.

A new analysis by Global Witness shows that companies are bringing billions of euros worth of minerals into Europe without having to disclose if their purchases finance armed groups or human rights violations in countries ravaged by conflict.

“At the moment we have no way of knowing what European companies are doing to avoid funding conflict or human rights abuses,” said Michael Gibb of Global Witness.

“The European commission has proposed legislation it claims will tackle the problem, but the draft law only goes so far as to suggest companies voluntarily check and declare the source of their minerals. Studies show companies simply don’t check their supply chains, unless they are required to. Putting it starkly, this legislation will not meaningfully reduce the trade in conflict minerals.”

The analysis reveals the extent of the EU’s role in the trade of minerals, which if sourced without proper checks from conflict-affected and high-risk areas, can be used to pay for armed groups and security forces who inflict insufferable violence on local communities.

 

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