Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

DR Congo presses Apple over minerals supply chain, lawyers say

Published 04/25/2024, 07:38 AM
Updated 04/25/2024, 10:47 AM
© Reuters. FILE PHOTO: Labourers work at an open shaft of the SMB coltan mine near the town of Rubaya in the Eastern Democratic Republic of Congo, August 13, 2019. Picture taken August 13, 2019. REUTERS/Baz Ratner/File Photo

KINSHASA (Reuters) -Democratic Republic of Congo is pushing Apple Inc (NASDAQ:AAPL) for more information about its supply chain over concerns it may be tainted with conflict minerals sourced from the country, international lawyers engaged by Congo said on Thursday.

Congo, particularly its eastern region, has been plagued by violence since the 1990s, killing millions as struggles over national identity, ethnicity, and resources saw neighbouring countries invade and a myriad of armed groups spring up.

Conflict has arisen over the control of illicit trade in tin and gold as well as in coltan and tantalum - widely used in cell phones and computers - all mined in Congo before being smuggled out through neighbouring Rwanda, Uganda and Burundi.

In September 2023, Congo President Felix Tshisekedi met with international law firm Amsterdam & Partners LLP to investigate the supply chain of tin, tungsten and tantalum - known as 3T minerals - due to concerns about illegal exports, the law firm said.

It said it had notified Apple CEO Tim Cook on Monday of a series of questions based on fears about its supply chain and also wrote to Apple subsidiaries in France, requesting answers within three weeks.

"Although Apple has affirmed that it verifies the origins of minerals it uses to manufacture its products, those claims do not appear to be based on concrete, verifiable evidence," Amsterdam said in a statement on Thursday.

"The world's eyes are wide shut: Rwanda's production of key 3T minerals is near zero, and yet big tech companies say their minerals are sourced in Rwanda," it said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Apple referred Reuters to its latest Conflict Minerals Report.

It said that 100% of identified smelters and refiners in the supply chain for all applicable Apple products manufactured in 2023 had participated in an independent third-party conflict minerals audit for 3T minerals and gold (3TG).

"We found no reasonable basis for concluding that any of the smelters or refiners of 3TG determined to be in our supply chain as of December 31, 2023 directly or indirectly financed or benefited armed groups in the DRC or an adjoining country," the Apple report said.

The Amsterdam statement coincided with the release of a report by the law firm accusing Rwanda and private entities of laundering 3T and other conflict minerals from Congo.

Rwanda and Congo's governments did not immediately respond to requests for comment.

Congo is the world's leading producer of tantalum, followed by Rwanda. It is also the number one producer of copper and cobalt, a key ingredient in electric batteries.

Most of Congo's mineral resources are concentrated in the east, where insecurity has worsened since a rebel group known as the M23 made a major comeback in March 2022.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.