DRC: US asked to use OECD guidance for conflict-mineral rules

The Democratic Republic of Congo has appealed to the US Securities and Exchange Commission to prevent forthcoming conflict-mineral rules from causing a 'de- facto embargo' on trade from the Central African nation. The commission was asked to develop the guidelines last July under the Dodd-Frank Act to help cut the link between Congo’s mineral trade and armed groups. The SEC rules, which are expected as early as next month, will apply to US companies involved in the trade in tin ore, tantalum, tungsten and gold shipped from Congo and nine neighboring countries.