This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Enough Praises Intel For Clean Mineral Efforts

By KRISTA LARSON

DAKAR, Senegal (AP) â¿¿ Apple, Hewlett-Packard and Intel have become "pioneers of progress" through their efforts to avoid purchasing minerals that fund armed groups in Central Africa, an advocacy group said Thursday.

The Enough Project ranked companies based on the steps they have taken to make sure their mobile phones, iPads and other gadgets aren't paying for the weapons used to terrorize Congolese civilians.

The group's advocacy was instrumental in pushing through U.S. legislation that has caused a dramatic decline in the minerals trade from embattled areas of the Congo. However, the reduction in exports hasn't led to a corresponding decrease in violence â¿¿ eastern Congo is in the grip of a fresh rebellion, and 280,000 people have fled their homes since April.

Congo is home to about 70 percent of the world's supply of tantalum, a metal used in cellphones, according to the U.S. Geological Survey. The vast country also has massive amounts of tin, gold, copper and cobalt.

Although most of the companies had shown improvement since 2010, the Enough Project cited video game console maker Nintendo Co. as trailing behind the rest of the industry when it comes to "conflict minerals."

Armed groups vying for control of these riches have used profits from illegal mining to purchase weapons used in gruesome attacks on civilians. In other cases, they have captured people and forced them to do the digging.

"The exploitation of Congo's mineral resources continues to exacerbate conflict and instability on the ground and consumers are still largely in the dark as to whether or not their products are conflict free," the report said.

The idea that mining exacerbates the Congolese conflict is controversial. Many experts say the real problem in eastern Congo is the lack of a functioning government, not that there are valuable minerals there.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs