The World Bank debarred a Slovenia-based infrastructure services firm Wednesday for making corrupt payments in connection with a project in the Democratic Republic of the Congo.
Flycom d.o.o. was debarred for 18 months after it engaged in “corrupt practices under the Southern Africa Power Market Project,” the World Bank said.… Continue Reading
Four companies from the mining sector have disclosed open FCPA-related investigations.
One company first disclosed an investigation this week. The other companies first disclosed investigations in 2016, 2015, and 2013.
Two of the companies are based in the UK, one in Canada, and the other in Switzerland.… Continue Reading
In a one-sentence order Wednesday, the U.S. Court of Appeals for D.C. denied the National Association of Manufacturer’s (NAM’s) emergency motion to stay enforcement of the SEC’s conflict minerals.… Continue Reading
This post is the second in a series of three on the topic of conflict minerals.
The first post examined the origins of the reporting requirement, and this installment will explore what constitutes sufficient due diligence in an investigation of a company and its supply chain.… Continue Reading
Apple will begin publishing names of suppliers every quarter showing whether they have verified the source of the minerals they use.
The company said in its latest Supplier Responsibility Progress Report released Thursday it will also publish names of suppliers and audit results covering compliance with labour standards and environmental use and impact.… Continue Reading
Since discovering oil in 2009, Uganda has not pumped a single barrel and the resource remains unexploited. An historic opportunity has so far been stymied by bureaucracy, law suits, corruption, hostilities with neighbors taking on a military hue, as well as the lack of adequate infrastructure to move the oil to market.… Continue Reading
Apple’s late CEO Steve Jobs was asked about his company’s use of conflict minerals. Jobs responded to Derick Rhodes of Wired right away.
Here’s their June 2010 email exchange:
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… Continue Reading
I’d planned to buy a new iPhone  tomorrow – my first upgrade since buying the very first version on the first day of its release – but I’m hesitant without knowing Apple’s position on sourcing the minerals in its products.