Conflict Minerals Rules Survive Legal Challenge

Yesterday, the United States District Court for the District of Columbia rejected a summary judgment motion challenging the SEC’s conflict minerals rules.  (See our May/June 2013 issue of Up to Date which discussed the legal challenge to the conflict minerals rules.)  Accordingly, the conflict minerals rules remain in effect as adopted.  

The conflict minerals rules require all public companies that manufacture (or contract for the manufacture of) a product where conflict minerals[1] are necessary to the functionality or production of such product to file a report annually with the SEC.  The first report must be filed with the SEC on May 31, 2014 for the 2013 calendar year. 

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[1] “Conflict minerals” currently include the following:

  • cassiterite (most commonly used to produce tin);
  • columbite-tantalite (the metal ore from which tantalum is extracted);
  • gold; and
  • wolframite (the metal ore that is used to produce tungsten).

 

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