Equity Japan supporting 'Coltan' global social responsibility efforts
In 2010 Barrack Obama signed the Dodd-Frank Wall Street Reform, which will come into effect on April 1st 2011. The updated financial reform bill will prevent the supply of conflict minerals from reaching the international markets, in a Social Responsibility effort on a global scale, preventing the humanitarian exploitation that is so central to the black market operations.
- (1888PressRelease) March 22, 2011 - The reform puts in place new corporate governance restrictions, by forcing all US Stock Exchange companies into providing reporting evidence on the authenticity and origin of the materials used, which make up the components of their products.
Coltan is one of the minerals that is top of the agenda in this global effort, but as with other minerals, global supply is set to suffer. Expanding the void between supply and demand will inevitably cause panic as manufacturers rally to source their raw materials to keep pace with contractual obligations made with their clients. It is expected that the global supply in 2011 will face a deficit of more than 30% on previous years, as mainstream technology companies prepare their own agenda to conform to the incoming regulations.
Equity Japan, a Tokyo based venture capital firm, partnered with IMC Projects in 2010 to take advantage of the widening Coltan supply void, and fully expect to capitalize on IMC Projects' Tantalum mining operations, by exploiting the supply deficit in the wake of a surge in market value.
Since Mr. Obama passed the reform in August 2010, the price of Tantalum has increased from a market value of US$70/lb, to current levels of $150/lb, with market analysts expecting the rate to increase, as stockholdings of the in demand material are diminishing at an alarming rate. At the same time the demand for electrical goods, so ever reliant on the offspring materials refined from raw Coltan, continues to rise in the mass-emerging markets of China and India.
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