Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Dutch National Government : First bags of Conflict-Free Tin leave a Congolese mine

10/24/2012| 05:25am US/Eastern
Recommend:
0

News item | 24-10-2012

With the first bags of conflict-free tin leaving the mine in South Kivu, Democratic Republic of Congo, on 24 October the Conflict-Free Tin Initiative (CFTI) has officially started. This marks the beginning of the flow of minerals through a controlled supply chain outside the reach of armed groups.

New prospects
Dutch Minister for Development Cooperation Ben Knapen: 'After years of exclusion from international trade and the resulting mass unemployment among miners the CFTI has allowed one of the mines in South Kivu to restart operations. This first bag of conflict-free tin brings us one step closer to new prospects for a conflict-ridden region with many wrongs to make right.'

Traceability system
The mine has been validated as conflict-free by a multistakeholder team including officials of the DRC Government, the United Nations, the German Geological Service (BGR), the local project manager of the ITRI Tin Supply Chain Initiative (iTSCi), representatives of local business and civil society. This is the first step in the pilot. A robust traceability system, the iTSCi Programme, has been put in place by the field teams of Pact, a nongovernmental organization. There are at least 6 levels in this supply chain from mine to end-user, all of which are needed to make this pilot project a success.

Neutral broker
The Netherlands Government is the neutral broker that brought the partners along the supply chain together, from mine to smelter to end-user. The industry partners participating in the CFTI pilot consist of Royal Philips Electronics, Tata Steel, Motorola Solutions, Fairphone, HP, Research In Motion (RIM), Alpha, AIM Metals & Alloys, Malaysia Smelting Corporation Berhad (MSC), Traxys, ITRI and the local exporters and mining cooperatives. Also, the United States and the South African Government through the Department of Trade and Industry's Regional Spatial Development Initiatives Program (RSDIP) are involved in the establishment of the CFTI.

Commitment
While celebrating the accomplishments so far, Minister Knapen realises there are no guarantees for future success: 'Progress will depend on continued strong industry commitment as well as developments in the security situation in South Kivu. I call on all parties involved to keep up the good work and on others to join.'

Share on:  Twitter Hyves Facebook or  LinkedIn

distributed by
Recommend :
0
Partner Area
React to this article
 
Latest news
Date Title
41m ago TÜRKIYE CUMHURIYET MERKEZ BANKASI: Press Release on Interest Rates Charged on Overdraft Accounts – 25/05/2013, (2013-24)
1h ago EUROPEAN COMMISSION - DIRECTORATE-GENERAL FOR ECON: May 2013: Flash Consumer Confidence Indicator
2h ago Are We at the Long-Awaited Shift in Risk?
2h ago Dollar Rally Stalls as Traders Await S&P 500’s Fate to Commit
2h ago MEDICX FUND LTD.: Charles Stanley & Co. Ltd. - Form 8.3 - MedicX Fund Limited
2h ago MEDICX FUND LTD.: Architas MM Ld - Form 8.3 - MedicX Fund Ltd
2h ago MEDICX FUND LTD.: Canaccord Genuity Limited - Form 8.5 (EPT/RI)
2h ago NIGHTHAWK ENERGY PLC: - Drilling Report
2h ago KBC ADVANCED TECHNOLOGIES PLC: - AGM Statement
2h ago KBC ADVANCED TECHNOLOGIES PLC: - Appointment of Non-Executive Director
Latest news
Advertisement
Hot News 
H&T GROUP PLC: Trading Update
VUELING AIRLINES SA: Change in Board of Directors
Bausch & Lomb Nears $9 Billion Sale to Valeant
HIBBETT SPORTS, INC.: Hibbett Reports First Quarter Fiscal 2014 Results
Correction to BP Gas Condensate Discovery Story
Most Read News
1d ago EXCLUSIVE: In surprise, General Growth eyes New York office tower
1d ago New York claims more proof of bank mortgage abuses
1d ago News Corp to take charge of up to $1.4 billion this quarter
1d ago MINAURUM GOLD INC.: Minaurum Receives Extension for Non-Brokered Private Placement
1d ago AMEREN CORP: Scam Artists Target Ameren Missouri Customers
Most recommended articles
1d ago Global shares steady but stimulus fears still present
2d ago THOMAS COOK GROUP PLC: Pricing of senior notes offered by TC Finance plc
2d ago VESTAS WIND SYSTEMS A/S: Vestas receives 155 MW order in Mexico for IEnova’s first wind power plant in Mexico
4d agoDJMARKET SNAPSHOT: U.S. Stocks Up Slightly On Fed's 'QE' Hints
6d ago PERPETUAL LIMITED: TRU: Correspondence to all shareholders re PPT
Dynamic quotes  
ON
| OFF
Copyright © 2013 Surperformance. All rights reserved.