Many American and
western companies use minerals mined in Africa. Many of these minerals go into
consumer goods that are used every single day by an average citizen. However,
these citizens do not know where and how the minerals are produced. They are
mainly made in mines that are controlled by warlords. These warlords then use
these minerals to sell and to trade for weapons to control their regions. They
enslave many citizens and conquered people. They use children to work in their
mines and to be soldiers in their armies. The warlords do not care one bit
about the people of the region and concisely abuses them.
If there was a law
that outlawed the trade of these minerals could this be put to an end? The SEC
(Securities and Exchange Commission) is now making a law that enforces
companies to show where they got their minerals. Companies are not stopping to
buy these minerals because they will not be allowed to use them. Apple, Motorola,
and Advanced devices are some of the companies that use these minerals. The law
is expected to come into effect this year. The SEC is still drafting a
regulation for this issue. This will cause many companies to lose money but for
the best.
http://www.businessweek.com/magazine/a-rule-aimed-at-warlords-upends-african-mines-08042011.html