Recent reports indicate that the anticipated EU conflict minerals scheme will be a voluntary initiative rather than a legally-required Directive.
Based on information available at this time, the EU approach:
- Will cover only 3TG for now, but may expand in the future;
- Will place the burden more on the upstream supply chain and may include certificates that accompany shipments;
- Implies final product labeling of conflict-free status; and
- Will be more global in coverage than the African countries covered by the US Dodd-Frank law and associated regulations.
Karel De Gucht is expected to offer the proposal to the European Commission in March.