SEC Conflict Minerals Rule Violates Free Speech, Says U.S. Appeals Court
This post was originally published on MetalMiner.
The free speech issue has made its presence felt in the SEC’s conflict minerals rule as a U.S. appeals court struck down parts of the regulation attributed to public companies being required to reveal if their products contain minerals from the Democratic Republic of Congo – a particularly combat-heavy part of Africa.
Minerals from that part of the world, referred to as “conflict minerals,” have been a point of emphasis among human rights groups everywhere that had previously urged Congress to include tin, tungsten, tantalum and gold (3TG) in the 2010 Dodd-Frank Wall Street reform law. The reasoning being that this would aid consumers who would like to consciously avoid products that support mining in parts of the world consumed by rebellion and conflict.
The parts of the regulation struck down by the U.S. Court of Appeals for the District of Columbia Circuit were primarily related to violation of free speech. According to a report from Reuters, the appeals court did not strike down the conflict minerals rule altogether.
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