• 5 minutes Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 9 minutes Sell out now or hold on?
  • 16 minutes Oil prices going down
  • 4 hours Oil prices going down
  • 9 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 43 mins Sell out now or hold on?
  • 13 hours What If Canada Had Wind and Not Oilsands?
  • 8 hours Two Koreas Agree To March Together At Asian Games
  • 7 hours Oil and Trade War
  • 2 hours Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 1 min Correlation Between Oil Sweet Spots and Real Estate Hot Spots
  • 2 hours When will oil demand start declining due to EVs?
  • 13 hours Australia mulls LNG import
  • 4 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 9 hours Geopolitical and Political Risks make their strong comeback to global oil and gas markets
  • 1 day The Wonderful U.S. Oil Trade Deficit with Canada
  • 1 day We Need A Lasting Solution To The Lies Told By Big Oil and API
  • 24 hours The Permian Mystery
  • 1 hour Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
Alt Text

Low Prices And Mounting Costs Slam Platinum Producers

Platinum producers the world over…

Alt Text

They're Giving Away Cash To Help Copper Miners Here

Chile’s government has announced that…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Does This Critical Shift In Conflict Minerals Law Affect You?

One of the biggest legal shifts in the mining business recently has been conflict minerals law in the U.S.

And this week, the rules took another major turn.

That's because of a ruling from the Washington, D.C. Circuit court on Tuesday. Which struck down large swathes of new rules that the Securities and Exchange Commission (SEC) has been trying to impose around conflict minerals.

Those rules have been evolving since 2010 -- when Dodd-Frank legislation mandated the SEC to take a harder line on conflict materials. With the backbone being forced disclosure about the sources for minerals produced and processed by SEC-registered companies. Related: Oil Prices Must Rebound. Here’s Why

But the D.C. Circuit said this week there's a big problem with those rules. Namely, they force companies to act against the First Amendment right to free speech.

The three-judge panel said in a divided opinion that forcing companies to disclose potential issues in their operations is contrary to the principals of free speech. Related: Fresh Sell Off For Oil. Bear Market Here To Stay?

The judges also noted that the heavy financial burden imposed on companies for conflict reporting was unlikely to reduce the humanitarian problems that prompted the legislation.

For the time being then, it looks as if the burden of conflict reporting will be reduced. Which will give a financial and administrative lift to companies operating in scrutinized locations like the Democratic Republic of Congo. Related: Hungry Venezuela Eyes $40 Billion Offshore Discovery In Guyana

The saga is far from over though. With challenges expected from the SEC and other parties -- who argue that securities law allows compelled disclosure of financials and other business matters, so why not mineral sourcing information.

It's likely this contentious matter will now end up before the U.S. Supreme Court over the coming months. Watch for news on specific cases -- which could have a big impact on the resource business globally.

Here's to resolving the conflict,

Dave Forest

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News