US launched Public-Private Alliance for Responsible Minerals Trade
The Public-Private Alliance for Responsible Minerals Trade was launched in November 2011 to promote conflict-fee mineral supply chains in Eastern Congo and the Great Lakes Region of Africa. Will it help resolve conflict minerals related due diligence and reporting concerns of major brands? Will it be able to attract other governments and multilaterals?
The launch event of the PPA for Responsible Minerals Trade was hosted (and live streamed) by the U.S. Institute for Peace. The goal of this multi-sector initiative is to leverage and promote conflict-free supply chains for so called ‘conflict minerals’, which comprise tin, tantalum, tungsten and gold sourced from Eastern Congo and the Great Lakes region of Africa. This initiative involves a broad range of stakeholders and is expected to harmonize and strengthen existing initiatives such as those of the International Conference on the Great Lakes Region (ICGLR) and the conflict-free smelter program.
According to a press release, the U.S. Department of State and U.S. Agency for International Development (USAID) will invest approximately $3.2 million in the PPA, specifically to support conflict-free minerals certification and traceability. More than 25 companies, trade associations, and other organizations have expressed their intention to join the PPA and have already pledged over $830,000 toward the goal of $2 million in additional funding by the end of 2012.
Existing and prospective partners in this initiative are listed below (taken form a press release/fact sheet by the US Government). Additional background information about the PPA can be accessed here.