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.
Entries in Democratic Republic of the Congo (8)
Apple will begin publishing names of suppliers every quarter showing whether they have verified the source of the minerals they use.
Fifteen countries currently at war against an external enemy or internal insurrection have an average ranking on the corruption perceptions index of 150 (the cpi ranks 175 countries). Two of them -- Somalia and Afghanistan -- are tied for last place at 175. The highest ranked nation among those on the war list sits in the bottom half of the cpi. That's Colombia at 94.
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.
On a tarmac at Congo's Goma Airport, customs agents seized a Gulfstream jet with millions of dollars in cash on board.
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.
Under the SEC's new 356-page conflict minerals rule, reporting companies must now disclose their use of tantalum, tin, gold, or tungsten mined in the Democratic Republic of the Congo or a contiguous country.