DYSPEPSIA GENERATION

We have seen the future, and it sucks.

How a Well-Intentioned U.S. Law Left Congolese Miners Jobless

4th December 2014

Read it.

Villagers call it “Loi Obama” — Obama’s Law.

The legislation compels U.S. companies to audit their supply chains to ensure that they are not using “conflict minerals” — particularly gold, coltan, tin and tungsten from artisanal mines controlled by Congo’s murderous militias. It was championed by influential activists and lawmakers, both Republicans and Democrats, and tucked into the massive Wall Street reform law known as the Dodd-Frank Act.

As it sought to comply with the law, Congo’s government began by shutting down the mining industry for months. Then, a process was launched to certify the country’s minerals as conflict-free. But the process is unfolding at a glacial pace, marred by a lack of political will, corruption and bureaucratic and logistical delays.

That has led foreign companies to avoid buying the minerals, which has driven down prices. Many miners are forced to find other ways to survive, including by joining armed groups. Meanwhile, the militias remain potent threats.

Way to go, Congress.

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