Law implementing EU regulation 2017/821 relative to minerals from conflict-affected and high-risk areas

Country / jurisdiction: France · Year: 2021 · Status: In force · Level: National · Type: Voluntary

This law implements EU Regulation 2017/821, which aims to regulate the imports of gold, tin, tantalum and tungsten (3TG) from conflict or high-risk zones. Tantalum and tungsten are considered critical minerals by the EU and are also deemed priority minerals in the French Mining Code.

The EU Regulation is rooted in the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas . The OECD Guidance covers all mining companies that do business in areas defined as conflict-affected or high-risk areas. Additional detailed recommendations have been issued to companies operating in the tin, tantalum, tungsten and gold industries.

The EU Regulation is based on a compliance approach by requiring due diligence efforts from importers. They must be transparent on the supply chain, share information with mandated independent authorities and monitor risks. In France, the Regulation is expected to apply to about 50 firms, mostly small and medium-sized businesses. The French implementing law provides additional provisions regarding enforcement and fines.

Official source: https://www.legifrance.gouv.fr/jorf/id/JORFTEXT000044176983