Tag: money

The minerals tin, tantalum, gold, and tungsten are located in the majority of customer electronics, and can be extracted in the Democratic Republic of the Congo, which has an estimated $24 trillion bucks in untapped mineral resources. The DRC remains one of the poorest and also most dangerous countries in the globe, and mining these metals can help money armed dispute in the area. Despite global interest and prevalent guidelines, it’s still tough to know exactly where our minerals are coming from, and under what conditions they were extracted.

The steels are essential to customer electronic devices. In a smart device, for example, tin is made use of to solder steel parts together, while tantalum is made use of in capacitors, which store electric power. Tungsten is made use of in the parts that make a phone shake, as well as gold is used in motherboard ports.

In the past decade, African countries, intergovernmental companies and firms have increase their efforts to clean up mineral supply chains. Yet customers still can not make certain if the minerals in their electronic devices are completely conflict-free, or if the mines where they originated threaten, environmentally damaging, or make use of child labor.

” The entire procedure is muddied,” states Oluwole Ojewale, the Regional Organized Crime Observatory coordinator for Central Africa at the Institute for Security Studies in Dakar, Senegal.

That’s mainly due to the fact that in the DRC and bordering nations, numerous thousands of people operate in the casual mining sector, toiling away making use of hand devices in what are referred to as artisanal and also small-scale mines. This kind of mining can be difficult as well as dangerous to regulate, yet it’s also among minority sources of income readily available to several of the globe’s poorest females and also guys.

So while business like Apple, Microsoft, Intel as well as Tesla produced comprehensive reports on problem minerals every year, usually stating that there is no reason to believe the minerals they source aid to support armed groups, corruption and instability at mine websites suggests there are no guarantees.

Apple, Intel and also Tesla did not respond to requests for comment, while a Microsoft representative stated, “Microsoft remains fully commited to ethical and also liable sourcing and also takes this issue really seriously.”

” You have the global market that has these best requirements,” clarifies Joanne Lebert, the executive director at IMPACT, a nongovernmental organization concentrated on enhancing natural deposit administration in areas where safety and civils rights go to threat.

” They desire perfect environmental problems. They desire all the advancement variables absorbed, like gender equality and also anti-corruption and this and also that. They want the ideal bundle, yet that’s not the circumstance on the ground,” Lebert stated.

Enjoy the video to read more about why it’s so challenging to rid the supply chain of dispute minerals.

Chapters:
1:59 – What are dispute minerals
4:13 – Efforts to trace minerals
7:45 – The future of dispute minerals

Generated by: Katie Brigham
Modified by: Dain Evans
Managing Producer: Jeniece Pettitt
Graphics by: Jason Reginato, Christina Locopo

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Why Conflict Minerals Still End Up In Our Electronics

The minerals tin, tantalum, tungsten, and gold are found in most consumer electronics, and can be mined in the Democratic Republic of the Congo, which contains an estimated $24 trillion dollars in untapped mineral resources. Yet the DRC remains one of the poorest and most dangerous countries in the world, and mining these metals can help fund armed conflict in the region. Despite international attention and widespread regulations, it’s still hard to know exactly where our minerals are coming from, and under what conditions they were mined.

But the metals are integral to consumer electronics. In a smartphone, for example, tin is used to solder metal components together, while tantalum is used in capacitors, which store electrical energy. Tungsten is used in the components that make a phone vibrate, and gold is used in circuit board connectors.

In the past decade, African countries, intergovernmental organizations and companies have ramped up their efforts to clean up mineral supply chains. But consumers still can’t be sure if the minerals in their electronics are fully conflict-free, or if the mines where they originated are dangerous, environmentally destructive, or use child labor.

“The whole process is muddied,” says Oluwole Ojewale, the Regional Organized Crime Observatory coordinator for Central Africa at the Institute for Security Studies in Dakar, Senegal.

That’s largely because in the DRC and surrounding countries, hundreds of thousands of people work in the informal mining sector, toiling away using hand tools in what are known as artisanal and small-scale mines. This type of mining can be hazardous and difficult to regulate, but it’s also one of the few sources of income available to some of the world’s poorest men and women.

So while companies like Apple, Microsoft, Intel and Tesla put out extensive reports on conflict minerals every year, usually stating that there is no reason to believe the minerals they source help to support armed groups, corruption and instability at mine sites means there are no guarantees.

Apple, Intel and Tesla did not reply to requests for comment, while a Microsoft spokesperson stated, “Microsoft remains committed to responsible and ethical sourcing and takes this issue very seriously.”

“You have the international market that has these perfect standards,” explains Joanne Lebert, the executive director at IMPACT, a nongovernmental organization focused on improving natural resource governance in areas where security and human rights are at risk.

“They want perfect environmental conditions. They want all the development factors taken in, like gender equality and anti-corruption and this and that. They want the perfect package, but that’s not the situation on the ground,” Lebert said.

Watch the video to learn more about why it’s so difficult to rid the supply chain of conflict minerals.

Chapters:
1:59 – What are conflict minerals
4:13 – Efforts to trace minerals
7:45 – The future of conflict minerals

Produced by: Katie Brigham
Edited by: Dain Evans
Supervising Producer: Jeniece Pettitt
Graphics by: Jason Reginato, Christina Locopo

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

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Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
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Why Conflict Minerals Still End Up In Our Electronics