Every mining company has a Conflict Minerals Policy Statement Template for its internal use. This template, which is in the public domain and can be downloaded for free, lists all the possible conflicts in terms of proximity, expertise, financial support, benefits, personnel, and regulation. However, this policy template will not give you a full picture on what a conflict really is. A fact sheet from the company will help you understand the position better.
The Conflict Minerals Policy Statement Template is intended to be used as a guideline to clarify the ethical issues of the mining companies. There are specific ethical standards that the company must meet to avoid conflicts with their partners or clients. Usually, this policy statement will come as a PDF file in a font size of twelve points. It can be printed out, but you need to download the Policy Statement Template from the internet.
Though the aim of this policy is to create a harmonious environment for the companies, they still must be made aware that the mineral substances and minerals are precious commodities. These minerals do not belong to any one country and therefore, if the company is taking away minerals from another country, it is considered to be unethical. Further, the company is not given a license to take minerals from another country because there is no law to govern the sale of these minerals.
The Conflict Minerals Policy Statement Template is also useful for the regulators. For instance, if the mining company is into a conflict with a government agency, the regulation officer will be able to check the details of the conflict from the company’s file. He/she can then follow up the company with the relevant legislation in order to ensure that the company is following the standards. At times, the company’s social responsibility is questionable, which can be checked from the company’s Policy Statement Template.
By downloading this document, you have obtained a freely available resource that can be used by the general public. But keep in mind that these guidelines may not always apply to every situation. The standard for the company to be viewed as a conflict-free is different depending on a number of factors.
One thing that should be taken into consideration when you download the Conflict Minerals Policy Statement Template is whether the company has a reasonable amount of knowledge about the natural resources that it is going to mine. This is crucial because the resource is not something that the company possesses. But if it is acquired through a third party, then it is already considered a non-confrontational purchase. As such, the company will only get the right to collect royalties once the third party that bought the rights to the resource has established their ownership.
However, if the resource is a newly discovered resource, the company cannot rely on the Conflict Minerals Policy Statement Template. As a rule, these kinds of resources will require further studies to ensure that they are naturally occurring and not man-made. Companies that go ahead and buy these resources from third parties without the relevant environmental assessments are considered to be engaging in non-confrontational transactions.
The company also needs to look into whether or not it will be affected by the resource through some kind of end result, such as deforestation or biodiversity loss. If these are the issues, then the company should be basing its decision on whether it will be viable to acquire the resource.