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Conflict minerals comment period delayed under corporate and congressional pressure

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After a powerful committee chairman and several corporate interests wrote to the Securities and Exchange Commission (SEC) requesting an extension of the comment period for the agency’s proposed regulations requiring that companies disclose when they use “conflict minerals,” the agency granted the request.

The new regulations are mandated under a little-noticed provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act calling for companies using conflict minerals to disclose whether they were mined by rebels in the Democratic Republic of Congo (DRC) or neighboring countries, where metals such as gold are mined under inhumane conditions and fund war ...

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