G8 Concerned about the Illicit Exploitation of and Trade in Natural Resources


The G8 remains concerned about the illicit exploitation of and trade in natural resources – including minerals and timber. These activities play a major role in fuelling conflict.

“We support efforts of regional mechanisms and organizations to prevent, curb and eradicate these illegal activities. We support efforts of the Kimberley Process to manage the trade of rough diamonds and ensure compliance by all participants with its standards. The illicit exploitation of and trade in natural resources from the eastern Democratic Republic of the Congo has directly contributed to the instability and violence that is causing undue suffering among the people of the DRC. We urge the DRC to do more to end the conflict and to extend urgently the rule of law. We welcome the recent initiatives of the private sector and the international community to work with the Congolese authorities and to enhance their due diligence to ensure that supply chains do not support trade in conflict materials. We also urge candidate countries to the Extractive Industries Transparency Initiative (EITI), including the DRC, to complete the EITI implementation process as a mechanism to enhance governance and accountability in the extractive sector. The recent inclusion of coltan and cassiterite in the DRC’s EITI reporting is a step in the right direction. Further, we welcome the ongoing research and advocacy of international NGOs and local civil society as an important contribution to reducing the conflict opportunities of natural resources.”

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Related posts:

  1. The Prospectors and Developers Association of Canada welcomes the G-8′s emphasis on improving governance of natural resources in the Democratic Republic of the Congo
  2. Our Global Challenges: Improving the Resources Trade
  3. Rio Tinto concerned about Australia’s new resources tax
  4. International Symposium on Improving Natural Resource Management in Post-Conflict Countries Addresses Role of Kimberley Process
  5. Liberia Introduces New Transparency Law


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