On the surface, it seems like a good idea. Forgo purchasing raw materials (minerals such as tungsten, tin, gold and coltan) used in electronics from suppliers that are helping to fund wars in Central Africa.
Via The Unofficial Apple Weblog:
Bloomberg reports that new rules have gone into effect which prohibit electronics makers from buying minerals that help fund wars in Central Africa. The Conflict-Free Smelter program specifically bars electronics makers like Apple and Intel from buying tungsten, tin ore, gold and coltan from Congo and neighboring countries unless mineral processors can prove purchases don’t contribute to conflict in eastern Congo.
Of course, our lecturer-in-chief is all over this idea since it appeals to his collegiate sensibilities. And, as an added bonus, it makes things harder on private sector business.
Via Bloomberg:
The U.S. Securities and Exchange Commission will also issue regulations to stem purchases of so-called “conflict minerals” this month, under the Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama in July.
U.S. companies will be required to audit mineral supplies next year to identify purchases that may be tainted by the Congo fighting, according to draft SEC regulations.
African traders want more time to implement programs to track minerals before the new rules take effect, Kanyoni said. An embargo may affect more than 200,000 artisanal miners in Congo, according to Pact, a Washington-based development group helping to implement mineral tracing programs in the region.
This action will not prevent these materials from ending up inside consumer electronics on US store shelves. These materials will simply be shipped to an unscrupulous middle man in China, Taiwan, Vietnam or Malaysia where the material will be marked up and sold on the market as ‘conflict free material.’
If companies in the United States can prove and document that the mines they are using are not providing financial assistance to the conflict in Africa, they will incur added costs in meeting the new compliance regimen.
Either way, US consumers are going to foot the bill for an initiative that will not do anything to stem the violence in Africa.