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Brett Rohring

Terrorist Tungsten in Colombia Taints Global Phone-to-Car Sales - Bloomberg - 0 views

www.bloomberg.com/...global-phone-to-car-sales.html

Tungsten illegal minerals mining

shared by Brett Rohring on 08 Aug 13 - No Cached
  • Tungsten, in particular, is in high demand.
  • The dark, heat-resistant and super-hard metal is inside the engines of some of the most popular cars in the world. It’s used for screens of computers, phones, tablets and televisions. It helps mobile phones vibrate when they ring. Semiconductor makers use the metal to provide insulation between microscopic layers of circuitry.
  • Tiger Hill rises above the rain forest in an area ruled by armed FARC fighters more than 220 kilometers (137 miles) from the nearest road, town or police station.
  • ...6 more annotations...
  • The mine is illegal in three ways: It’s inside a forest preserve, it’s banned by Colombian law because it’s on an Indian reservation, and it’s run by the FARC, which is classified by Colombia, the U.S. and the European Union as a terrorist organization.
  • While Tiger Hill is illegal, it’s the only known tungsten mine in Colombia, according to the police and Environment Ministry officials responsible for regulating mining.
  • China produces the most tungsten -- about 85 percent of global output -- authorities there impose tight controls on the metal to assure domestic manufacturers have enough. That’s forcing companies to scour the globe for mines elsewhere, the USGS says.
  • Apple Inc., Hewlett-Packard Co. (HPQ) and Samsung Electronics Co. purchase parts from a firm that buys from the company that imports tungsten ore from Colombia, company records show.
  • the Environment Ministry’s director whose jurisdiction includes much of Colombia’s Amazon region, says the shippers are hiding the tungsten ore’s true origins.
  • “They falsify the source of illegal metals,” Melendez says. “This is how they launder tungsten.”
Adriana Trujillo

Tracing conflict minerals proves elusive - and expensive | GreenBiz - 0 views

www.greenbiz.com/...s-proves-elusive-and-expensive

conflict minerals other company news add tracing transparency supplier

shared by Adriana Trujillo on 18 Aug 15 - No Cached
  • Adriana Trujillo on 18 Aug 15
     
    The clock for corporates looking to get a handle on supply chain conflict minerals is starting to tick much louder. With just one year to go before stricter reporting is required by the Securities and Exchange Commission, many companies are still struggling to trace their sources for metals such as gold, tungsten, tantalum and tin, according to an analysis of reports submitted for the most recent reporting period.
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