---
title: Final EU Conflict Minerals Regulation Gets Closer
description: Final EU Conflict Minerals Regulation Gets Closer
image: https://go.adherent.com/hubfs/Imported_Blog_Media/minerals_160x160-1.jpg
---

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# Final EU Conflict Minerals Regulation Gets Closer

---

##### 20 June 2016

![EU Conflict Minerals Legislation](https://go.adherent.com/hs-fs/hubfs/Imported_Blog_Media/minerals_160x160-1.jpg?width=160&height=160&name=minerals_160x160-1.jpg)Last week the EU (European Union) Commission, Council and Parliament agreed on a framework for **conflict minerals legislation**.

**Highlights of the agreement:**

- Mandatory due diligence, based on OECD guidelines, will be required for EU importers of tin, tungsten, tantalum and gold and their ores from conflict and high-risk areas
- There will be disclosure requirements for big EU manufacturers and sellers whose products contain tin, tungsten, tantalum and gold
- Businesses will be able to join a registry to report voluntarily on their due diligence practices
- EU member states’ competent authorities will be responsible for enforcing compliance. They will also determine penalties for non-compliance, and this will be monitored by the EU Commission
- There will be no burden on small firms, as small importers (e.g. for dentistry) will not be obliged to comply with a due diligence scheme
- Recycled metals, existing EU stocks and by-products are excluded from the regulation
- The deal requires the EU Commission to review and report to Parliament and the Council on the effectiveness of the new law. Should it not generate positive results, they are obliged to consider additional mandatory measures.

The legislation itself still needs technical work before it is finalized and a vote by the European Parliament could take place before the end of this year, followed by a formal adoption by the EU Council before it would become law.

The regulation applies to all conflict-affected and high risk areas in the world. The Commission will draw up a sample list of areas, such as the Democratic Republic of the Congo and the Great Lakes, but companies sourcing from areas that are not on the list will still be responsible for doing due diligence checks on sources.

Conflict minerals are identified as tin, tantalum, tungsten and gold, and are used in the production of many electronic devices, in the electronics, aerospace, automotive, packaging, construction, industrial machinery, lighting, and tooling industries, and also in jewelry.

**For further information on conflict minerals legislation in the EU and around the world, why don't you [Ask Our Experts](http://www.complianceandrisks.com/services/ask-our-experts/) for free?!**

### Written by [complianceandrisk](https://go.adherent.com/commentary-analysis-old/author/complianceandrisk)

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