|August 28, 2012|
Previously published on August 24, 2012
After a delayed and highly contentious rulemaking process, the Securities and Exchange Commission (“SEC”) on August 22, 2012 adopted, by a 3-2 vote, final rules implementing conflict minerals reporting rules under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”). These rules will require public companies annually to disclose information about their use of specific minerals originating and financing armed groups in the Democratic Republic of the Congo (“DRC”) or an adjoining country. These so-called “conflict minerals” are tantalum, tin, tungsten, and gold.