Report from The Enough Project whom I worked with in Congo to produce The Curse of Gold http://bbc.in/x1bf23
GOMA, Democratic Republic of Congo and WASHINGTON, DC — Dodd-Frank financial reform legislation and more stringent tech industry sourcing policies have led to an estimated 65 percent decrease in profit over the past two years for armed groups in eastern Congo from their trade in the conflict minerals of tin, tantalum, and tungsten, according to a new Enough Project investigative report. However, the renewed violence by the Rwanda-backed M23 rebellion threatens to greatly increase conflict minerals smuggling.
“The Dodd-Frank law is making a serious dent on the militias in eastern Congo, cutting their profits from the conflict minerals of tin, tantalum, and tungsten by more than 60 percent,” said Fidel Bafilemba, co-author of the report and Enough Project policy consultant. “Miners, despite their lower incomes in the short term, support the reforms that will free them from the slave-like conditions they have lived through in the mines. Companies that have profited from the trade—electronics, jewelers, tin smelters—should establish a miners empowerment fund to increase employment in the region, including micro-finance for mining communities.”