Resumen de Compliance costs shift to the fore as EU moves to finalise conflict minerals legislation
"The industry is much more aware of these issues than it was five years ago (...)," said Noreen Doyle, independent vice chair of the board of directors at New York-listed gold miner, Newmont Mining Corp, speaking at Women in Mining's "Mining Industry Outlook, Challenges and Opportunities" event in London in January.
The European Parliament (EP) voted last May to impose an obligatory monitoring system for the entire supply chains of companies using materials listed as "conflict minerals", a law which is expected to affect around 800,000 companies.
Regulation in this regard is only likely to intensify in the coming years. "It is always the first step which is painful," said [Yves Baratte] of the European legislation. "It's easier to expand after the initial implementation."
