European Parliament approved a draft EU law that provides for mandatory due diligence of companies selling certain minerals, imported from areas of conflict or high-risk areas.
Starting from January 1, 2021, the new rules require all EU companies, with the exception of the smallest importers, assess compliance with the rules of their suppliers of products such as tin, tungsten, tantalum and gold, which, in particular, are used for the production of computers, mobile phones and jewelry. The assessment will be mandatory for importers of "conflict zones and high risk areas."
According to a statement released by the European Commission, the rules will cover up to 95% of imports since January 1, 2021. The Commission and Member States will work hard to ensure that the necessary structures for the implementation of the new rules throughout the EU.
Along with the new EU regulations will implement accompanying measures to support small and medium-sized importers, and to provide development assistance to ensure effective regulation and positive impact on the ground, it said in a statement the European Commission. The EU also calls on governments in Africa, Asia and other regions in order to encourage them to take responsibility for the sources of supply of mineral resources and eliminate the alternative markets for minerals from conflict zones.
"I am very pleased that we now have an ambitious, workable solution to eliminate conflict minerals from the supply chain, - said Trade Commissioner Cecilia Malmström (Cecilia Malmström) after the vote in the European Parliament. - Trade must take into account our values, and the Parliament's decision today is a great example of how this can be achieved. The new rules will ensure that this state of affairs, in which the minerals are used in European industries, come from responsible sources - so as not to harm the population in the mining areas and does not contribute to fuel wars. The new rules will help to alleviate the hard life of the people and reduce human rights violations that accompanied this trade too long. Transparent and accountable supply chain means that revenues will not come into the hands of rebel groups, and will go to investment in schools and hospitals, to support the right of governance based on the rule of law. This means improving the lives of people, the transition from conflict and terror to providing opportunities and the generation of hope. This means encouraging economic growth that helps to grow steadily poorest regions. "
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Diamcor Mining announced that the results of two diamond tenders this year, the company managed to earn more than $ 1 million. At the auction were sold 6,896.50 carats of diamonds from the site Krohn-Endora (Krone-Endora) Venice Project (Venetia) in South Africa.
In a statement the company said that the average price per carat was $ 149.12.
"The price per carat of diamonds sold on a tender meets the company's expectations", - noted in Diamcor.
The volume of products sold under the two tenders in the fourth quarter of the fiscal year, increased by 49% compared to 4619.11 carats, sold a year earlier. Cost of sales increased by 22%, from $ 842.4 thousand. In the same period last year.
"It should be particularly noted that in the reporting quarter were sold special diamonds weighing 12.78 carats and 7.50 carats produced using a new screening plant Tomra XRT, recently put into operation at the company's project," - said in a statement Diamcor.
These diamonds were sold at a price of $ 4747.47 per carat and $ 4152.00 per carat respectively.
All diamonds are implemented so far in the framework of trading, it was found by chance in the framework of the testing equipment, and other works on commissioning the diamond project in operation.
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