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HARD MINERALS DUE DILIGENCE BY MARK T. DESPITE & ASSOCIATES LLC Due diligence is more than simply checking land titles. A due diligence investigation is the objective evaluation of a number of legal,
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What is hard minerals due diligence?
Hard minerals due diligence is a process of assessing and ensuring that the minerals extracted from a certain region were obtained ethically and without contributing to human rights violations or environmental damage.
Who is required to file hard minerals due diligence?
Companies that are involved in the extraction, processing, or trade of hard minerals are required to file hard minerals due diligence. This includes both large corporations and small-scale miners.
How to fill out hard minerals due diligence?
To fill out hard minerals due diligence, companies need to thoroughly evaluate their supply chains, identify the source of the minerals they use, conduct risk assessments, and implement measures to mitigate the risks associated with the extraction and trade of these minerals.
What is the purpose of hard minerals due diligence?
The purpose of hard minerals due diligence is to promote responsible sourcing and ensure that the minerals being used in various industries are not fueling conflicts, human rights abuses, or environmental harm. It aims to establish transparency and accountability in the mineral supply chain.
What information must be reported on hard minerals due diligence?
When filing hard minerals due diligence, companies are required to report on the steps they have taken to assess and mitigate the risks in their mineral supply chains. This includes information on the countries of origin, identification of potential risks, and efforts made to ensure responsible sourcing.
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