The conflict minerals debate has reached a fever pitch over the past couple months. Scholars, bloggers, researchers, activists, industry representatives, policy makers and many others have weighed in on this contentious issue of conflict minerals and the upcoming rules to be set by the Securities and Exchange Commission (SEC). The SEC will have a panel discussion on Tuesday, October 18, in advance of setting the rules for the conflict minerals provision, section 1502 of the Dodd-Frank Financial Reform Law.
Below is a summary of diverse views on the impact of section 1502 of Dodd-Frank:
Interview with Eric Kajemba on Conflict Minerals
By Jason Stearns
How Congress Devastated Congo
By David Aronson
Assessing the Dodd-Frank Act and its chances of success in the Democratic Republic Congo
By Dr. Claude Kabemba
Thoughts About Conflict Minerals
By Jason Stearns
Conflict Minerals in the Congo: Let’s Be Frank About Dodd-Frank
By Mvemba Dizolele
There was fraud. Even today with the embargo, people export. Fraud has increased considerably.
But there have been other consequences as well, for example, with other aspects of the local economy. For example, in places like Shabunda, people relied on planes to bring them goods and merchandise – rice, sugar, and so on. Those same planes then left with minerals back to Bukavu. But now that the planes cannot transport minerals [due to the export ban and embargo] they don’t fly there with goods any more. So the impact has been huge in many areas.
Kambalé Musavuli is a Congolese activist, spokesperson and student coordinator with the Friends of the Congo, advocacy organization based in Washington, DC whose mission is “to raise the consciousness of the world community on the challenge of the Congo and support Congolese institutions in bringing about a peaceful and lasting change.” His presentation was the most dynamic. It is clear that he has travelled widely and presented the work of Friends of the Congo at university campuses and elsewhere many times. He gave an alternative history of the DRCongo and provided a framework of ways for people to act to bring about change. Listen to his conference presentation FRIENDS OF CONGO blow