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Latest News
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20 -
1 -
2010
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SNS Asset Management speaks out against role of minerals in Congo conflict
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A group of investors issued a statement on 11 January 2009 calling on companies to make more of an effort to ensure that minerals used in electronics components are not contributing to the conflict in the Democratic Republic of the Congo. The group includes faith-based and global institutional investors with combined total assets of nearly US$200bn. SNS Asset Management is one of the signatories.
Congo is one of the most mineral-rich countries in the world. These minerals play a significant role in the ongoing conflict in the country. According to the United Nations, over 50% of mines in eastern Congo are controlled by armed militia, who use the taxation and export of minerals to finance their activities. The statement by the group of investors proclaims that the majority of minerals from these militia-controlled mines are smuggled into neighbouring countries and ultimately find their way into consumer products such as mobile phones, laptops and components for vehicles. All the more reason for companies to be more aware of the origin of their raw materials.
View the complete statement (PDF) |
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- SNS Asset Management speaks out against role of minerals in Congo conflict - 20-01-2010
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