European parliament must stop trade in conflict minerals
Today, May 20, the European parliament will vote on a proposed regulation to tackle the trade in conflict minerals. The trade in tin, tungsten, tantalum and gold (3TG) is fuelling conflict which has had devastating consequences for people in countries such as the Democratic Republic of Congo (DRC) and Colombia.
An effective regulation of conflict minerals is necessary
Diakonia and many other organizations within the civil society are gravely concerned that the regulation proposed by the European Commission does not envision any real change.
The regulation makes it merely optional for importers to source these minerals responsibly. The proposed voluntary scheme would cover just 0.05% of companies using these minerals within the EU. No companies would be legally obliged to check whether they are complicit in financing conflict or human rights abuses.