Mike Davis: Conflict Resources (Day 2 - Session 6: Sustainable Mining & Conflict Resources)

GLOBAL MININGINVESTMENT CONFERENCE 2010

STATIONERS’ HALL ● CITY OF LONDON ● TUESDAY-WEDNESDAY, 28-29 SEP 2010

www.ObjectiveCapitalConferences.com

Investment Conferences

Conflict Resources Mike Davis – Chief Campaigner, Global Witness

DAY 2 - SESSION 6: SUSTAINABLE MINING & CONFLICT RESOURCES

29 September

Global Mining Investment Conference

Mike DavisTeam Leader, Conflict ResourcesGlobal [email protected]

What’s being done to tackle the trade in conflict minerals?

• US legislation – provisions on conflict minerals in financial reform act

• UN Security Council due diligence guidelines for companies sourcing from Eastern DRC

• OECD standards on due diligence for companies sourcing minerals from conflict-affected areas

• Certification schemes: German government and ICGLR• Industry initiatives• UN Sanctions

Key elements of supply chain due diligence

1. Conflict minerals policy

2. Supply chain risk assessments

3. Remedial action

4. Audit

5. Public reporting

Companies involved in / investing in the minerals sector should:

• Ensure due diligence on supply chains• Back legislation on conflict minerals in Europe to

match what’s just been introduced in US

Companies involved in / investing in the diamonds sector should:

• Ensure due diligence on supply chains• Ensure a stronger commitment to human rights by

the Kimberley Process

29 September

Global Mining Investment Conference

Mike DavisTeam Leader, Conflict ResourcesGlobal [email protected]

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GLOBAL MININGINVESTMENT CONFERENCE 2010

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