Nov 19, 2012 Spend Matters Pro readers can see MetalMiners first look at metals impacted by the Dodd-Frank conflict minerals reforms. This list includes semi-finished metals containing the 3Ts.
Conflict Minerals Disclosure. Section 13p of the Securities Exchange Act of 1934 and Rule 13p-1 thereunder collectively, the conflict mineral rules require certain disclosures concerning supply sources for conflict minerals consisting of gold, tin, tungsten, or tantalum that may be necessary to the manufacture or functionality of a companys products.
As a result, many companies are now focusing on whether and to what extent their products contain Conflict Minerals and whether such Conflict Minerals come from the Democratic Republic of Congo and the adjoining countries named in the Act. Measures. In working towards these commitments, we have taken a number of steps that include ...
In addition, we have also reviewed our existing supply base, in particular suppliers of materials that contain conflict minerals. We can confirm that at this time there is no indication that any products we manufacture contain minerals that directly or indirectly finance
We want to ensure that all components, parts and materials used to manufacture our products contain minerals from conflict-free sources. We do not knowingly tolerate, or profit from, contribute to, assist with or facilitate any activity that fuels conflict or violates human rights.
Responsible Sourcing Conflict Minerals. Dow is committed to sourcing responsibly. In particular, Dow is committed to not knowingly purchase raw materials containing tin, tantalum, tungsten or gold the Conflict Minerals, that directly or indirectly finance or benefit armed groups in the Democratic Republic of the Congo and adjoining countries.
Section 1502 of the Dodd-Frank Act is a provision related to sourcing conflict minerals, signed into law July 21, 2010. The intent of the provision is to deter through increased transparency of companies sourcing practices the extreme violence and human rights violations in the Democratic Republic of Congo DRC and neighboring countries funded by the exploitation and trade of ...
Conflict Minerals Report For the reporting period from January 1, 2020 to December 31, 2020 This Conflict Minerals Report of Moog Inc. Moog has been prepared pursuant to Rule 13p-1 and Form SD promulgated under the Securities Exchange Act of 1934, as
Jan 01, 2020 Prior to and during the Reporting Period, the Company worked to identify current and new direct materials suppliers that it believed could potentially provide materials or metals containing conflict minerals collectively, the Identified Suppliers .The Company then surveyed all the Identified Suppliers to determine whether each such Identified Supplier was supplying materials or metals to ...
A product is considered to be DRC conflict free if it does not contain conflict minerals necessary to the functionality or production of that product that directly or indirectly finance or benefit armed groups . . . in the Covered Countries. 20 Products will be considered DRC conflict free if, when the conflict minerals ...
About Conflict Minerals. Conflict Minerals refer to the minerals and the metals extracted thereof as Cassiterite Tin, Columbite-Tantalite Coltan Tungsten, Wolframite Tantalum and Gold those metals Tin, Tungsten, Tantalum and Gold referred to as 3TG, which are extracted from the Democratic Republic of Congo DRC and its adjoining countries Covered Countries.
Jul 15, 2018 Conflict minerals arent the first thing we think of when buying a smartphone, but the already tricky decision to make when purchasing is an ethical
Jan 05, 2011 Conflict minerals are tricky to trace because theyre usually smuggled out of the Congo through neighboring countries like Uganda, Burundi, Rwanda and
Conflict Minerals. U.S. Securities and Exchange Commission rules require certain companies to disclose the extent to which the products they manufacture or contract to manufacture contain so-called conflict minerals sourced from mines in the Democratic Republic of the Congo DRC or adjoining countries. Conflict minerals include tantalum, tin ...
The conflict minerals rule contains many key provisions whose application is not clearly defined for automotive manufacturers. In the absence of specific guidance, the AIAG Conflict Minerals Work Group has worked to identify and explore possible interpretations as to the proper application of the rule. These
The conflict minerals, often referred to as gold and the 3Ts, defined by Section 1502 of the Dodd-Frank Act are gold, cassiterite, columbite-tantalite and wolframite and their derivatives. Gold which is commonly used to coat wiring, in chemical compounds during the semiconductor manufacturing process and aerospace equipment.
Sep 12, 2012 For example, if an automobile containing no conflict minerals was produced using a wrench that contains or was itself produced using conflict minerals necessary to the functionality or production of that wrench, the proposed rules would not consider the conflict minerals in that wrench necessary to the production of the automobile.
contain conflict minerals to conduct due diligence on the origin, source and chain of custody of such minerals and provide specialized disclosure regarding the findings of such diligence. The SEC defines conflict minerals to include tin, tungsten, tantalum and gold 3TG.
The SECs Conflict Minerals Rule requires SEC registrants who manufacture or contract to manufacture products containing conflict minerals that are necessary to such products functionality or production to disclose the origin and status of the conflict minerals. Policy Statement.
Sonoco then made a further good faith country of origin inquiry of its first-tier suppliers of necessary conflict minerals, or products containing necessary conflict minerals, which inquiry was reasonably designed to determine whether any of such necessary conflict minerals originated in the Democratic Republic of the Congo DRC or any ...
Schlumberger is committed to purchase only those parts and products containing minerals that have been procured through a validated conflict-free supply chain to avoid the use of minerals that have financed conflict in the covered countries, and we expect our suppliers to abide by the same standard.
Jan 20, 2021 Conflict Minerals. The Office of Threat Finance Countermeasures, in conjunction with other State Department bureaus and U.S. agencies, actively works to sever the links between mineral resources and conflict through government-to-government diplomatic efforts. The office also builds international support for due diligence guidelines intended to ...
The SEC rules define conflict minerals as 3TG metals, wherever extracted. For example, tin extracted in Canada, Russia or Argentina is considered a conflict mineral by definition. In the SEC rule, DRC conflict-free is defined as minerals that were extracted and did not directly or indirectly benefit armed groups in the covered countries.
Jan 01, 2021 As the worlds largest trading bloc, the EU is a major market, so the regulation marks a big step in tackling trade in conflict minerals. Countries around the world buy products containing these minerals, though, so it is important to encourage others to put in place similar measures as well.