The new regulation is expected to be signed into EU law by the end of May 2017.
The new regulation will take effect on 1 January 2021
Who will be effected?
The regulation only applies directly to EU-based importers of tin, tantalum, tungsten and gold, whether these are in the form of mineral ores, concentrates or processed metals, for example
(ie mines / traders / smelters & refiners)
Have to comply with mandatory rules on due diligence when they import
(ie traders / component producers / manufacturers & assemblers / end-users)
- those importing metal-stage products also have to meet mandatory due diligence rules
- those operating beyond the metal stage do not have obligations under the regulation; but they are expected to use reporting and other tools to make their due diligence more transparent
Official information / documents
Source: European Commission “Europa” website
The regulation explained: