Mandated Disclosure Of Conflict Minerals : Does It Work?

It is common to hear about war, terror, death and poverty, it is common knowledge to know their meanings, but what right does one have to say they know the reality of the words if they have never experienced it themselves, what does it really means to see the death of someone in a war; to know the terror of not knowing if you are to live to see another sunrise? Most do not know and are ignorant of the fact situations like this happens all around us; happening now even in different countries. More and more death, destruction and human rights being violated are happening in Sierra Leone because of its poor economic situation and the civil war which started over control of the blood diamonds; yet, the problem

Based on the estimated sales, costs involved in the AssetsGuard product launch and annual claims settlement costs the following profitability and monthly premium calculations resulted in $18.74 monthly premium price:

There has being a global increase in the regulation regarding the use of conflict metals including introduction of guidelines regulations surrounding the importation and investment of metals and overseas mines.

Facts: Section 3(c)(1)(D)(ii) of FIFRA authorizes EPA to consider certain previously submitted data only if the "follow-on" and registrant has offered to compensate the original registrant for use of the data. The legislation provides for binding arbitration. However, if the registrants fail to agree on compensation, the arbitrator 's decision is subject to judicial review only for "fraud, misrepresentation, or other misconduct." The manufacturing firms engaged in the

These statements address topics like the stance of the company towards tax avoidance and the goal of tax transparency, statements regarding Human Rights issues, Climate change, the support of development in third world countries and on industrial relations. These statements directly address issues where Glencore has earned criticism in the recent past. They show that Glencore has recognized the scrutiny by the public.

In its defense, NNS claimed that DCAA may subpoena materials that it is used only for determining contract costs or data that is utilized for allocating costs to specific Government contracts. However, these documents provide DCAA with factual data that is used to verify actual cost both direct and indirect (i.e. G&A overhead cost.) The court rejected NNS’s argument that proposes that DCAA can only review cost or pricing data used to calculate costs charged to the Government.

The Act was criticized for being made appropriate to all foreign issuers listed on a U.S. exchange, even though several of the behavior the Act targeted was either a non-issue in foreign countries or was already efficiently regulated. According to Fraser, I. (Oct., 2002) this broad extraterritorial scope is particularly problematic given that the SEC has encouraged foreign issuers to enter U.S. capital markets by providing several accommodations to foreign practices and polices not inconsistent with the protection of U.S. investors. Foreign companies dispute that, as of the end of 2001, more than 1,300 foreign issuers had entered U.S. capital markets and became reporting companies in reliance on the SEC's accommodations.

When considering the preparation and development of a resource, cost is an important factor to consider. As well as monetary cost of the

Who has the most power? Governments, consumers or corporations? Perhaps the question that should be asked is who should have the most power. The obvious answer would be consumers and the government. Although in a perfect world this may be the case but in reality this is far from the truth. It is nor do the governments or the consumers who has the most power but rather the corporations. Over the past four decades, a shift in power has been taking place, out from the hand citizens and the nations and into the hands of the Multi-National corporations (MNCs). This essay will focus on the unparalleled growth of corporate power and the effects of corporate power on Africa in terms of social, political and environmental factors.

Columbite–tantalite or coltan is a mineral which has become of great importance to the world because of its properties have been used in our mobile phones, computers, blades in aircraft engines, land-based gas turbines and mill products. This has raised the prize of the black mineral and has created a profitable business in the countries where tantalite is found; in countries such as The Democratic Republic of Congo, where the precious rock is found at a surface level and where its extraction is an easier task. As every product or material that can be sold there is a supply chain to fulfil the demand and with the Columbite–tantalite the process begins with its extraction which is often done by artisanal miners who live in poverty. Coltan is mined through a fairly primitive process. Miners work together digging large craters in streambeds, scraping away dirt from the surface in order to get to the coltan underground. The workers then slosh water and mud around in large washtubs, allowing the coltan to settle to the bottom due to its heavy weight.Then the next step in the supply chain after its extraction is the trading and processing of Coltan. Coltan is usually traded in three forms: as ore concentrates, as tantalum oxides and salt, or as capacitor-grade tantalum. Columbite–tantalite is not traded on an open exchange, but in negotiations taking place on a bilateral basis between buyers and sellers around the world. Prices are privately discussed and purchase contracts

Rio Tinto is a multinational company that deals with mineral and metal mining, refining, processing, and marketing. Founded in 1873, this Australian-British company has grown into one of world’s leading mining and Metals Company, dealing in aluminium, copper, diamonds, coal, and iron ore. Refining of bauxite and iron ore are also part of its operations. The transformed metals and minerals give Rio Tinto access to markets across a diverse economic development spectrum, and exposure in varied sectors, including

In Switzerland, a company such as Nestle dedicates a certain amount of information in its annual report to the value it generates to society at large. Surprisingly, their annual report seems to lend itself to the practices of equity-oriented countries likely due to its international presence and immense exposure to the United States. In any event, their annual report discloses their compliance with applicable laws and international conventions in order to ensure the activities protect the environment (Nestle Annual Report 2010, p. 8). Furthermore, Nestles’ report includes communication reemphasizing their dedication and efforts in the issue areas of human rights, labor practices, the environment and anti-corruption.

Ahmed, A., McAnally, M., Rasmussen, S. & Weaver, C. (2010). How costly is the sarbanes oxley act? Evidence on the effects of the act on corporate profitability. Journal of Corporate Finance, 16, 352-369.

This technical assistance project which was the first move made by the International Monetary Fund to tackle the issue targeted countries where precious mineral exports account for a high share of GDP or total exports and formal financial systems are underdeveloped.

Another very common strategy is to sell "credits guaranteed delivery”. This means that the seller (often the fund manager) pay the difference if the proposed Clean Development Mechanism (CDM) underlying does not provide the promised number of credits. This promise, particularly if it is made by a well-capitalized financial institution makes offsets guaranteed more expensive than those that are not guaranteed (Wanner: 2015; Kegley & Blanton: 2016). But as the investment contract provisions are rarely made public, we can ask ourselves about what happened to the project Timarpur Waste Management Company. The Luxembourg government funded this project through its participation in the Asia Pacific Carbon Fund (APCF), up to $ 15 million, managed by the Asian Development Bank (ADB) (UNEP, 2009) . According to the United Nations Framework Convention on Climate Change (UNFCCC), the project should begin issuing credits since April 2009, while the construction of the plant waste in Delhi, India is expected to close only late 2012 (Bond: 2012). For some reason, the fund manager decided to withdraw from the project in May 2010, without our government knows why. No explanation either on the largest database of carbon market data, the Carbon Market Data and even less in the usual sources of funds in question, which supports an evaluation report by one of the departments the Asian Development Bank and confirms the lack of data in transactions, as well as the social and environmental impact