Trump to nix “conflict minerals” rule

President Donald Trump is planning an executive order targeting a rule that requires companies to disclose if their products contain “conflict minerals” from a war-torn part of Africa, according to sources. Fred Katayama reports.

(Reuters) – Reuters has learned President Donald Trump plans to issue an executive order nixing a “conflict minerals” rule.

That rule requires companies to tell investors whether their products contain tantalum, tin, gold, or tungsten mined from the Democratic Republic of Congo.

Human rights groups pushed for that rule, hoping it would help curb the funding of armed groups.

The rule was tucked into the Dodd-Frank reform even though it’s not related to the financial crisis.

Business groups have opposed it, complaining that it costs too much and forces companies to furnish politically-charged information that is irrelevant to making investment decisions.

Reuters could not find out when the executive order will be issued or exactly what it will say.