Given two years by U.S. regulators to determine whether their products contain minerals linked to conflicts in central Africa, many companies have responded with the same answer they had in the first place: they don’t know.
Most U.S. companies failed to adequately investigate whether they sourced so-called conflict minerals from parts of the Democratic Republic of Congo, according to two organizations that monitored the process.
Billionaire Dan Gertler’s Fleurette Group said it loaned Gecamines $196 million so the Democratic Republic of Congo’s state-owned mining company could take over what it called its “flagship” copper project last year.
Israel’s richest person Beny Steinmetz sued Global Witness, claiming breaches of his human and data-protection rights as part of a “sustained negative publicity campaign” led by the anti-corruption activist group.
Companies with obscure ownership structures are benefiting from oil agreements with Azerbaijan’s state energy company, signaling potential conflicts of interest and preferential treatment, rights group Global Witness said.