Even in its absence, companies that use such materials in their products would be wise to become more vigilant about the problem. The EU Conflict Minerals Regulation consist of a legal instrument made of a set of rules that one need to comply with, in order to import into the EU ore concentrates for the purpose of extracting 3TG. Uses for 3TG Conflict Minerals.

The United States Congress has associated the extraction and trade of tin, tungsten, tantalum, and gold ("Conflict Minerals") with human rights violations in the Democratic Republic of the Congo and adjoining countries (collectively, the "DRC"). Conflict minerals are resources that are mined and used to influence and finance armed conflict, human rights abuses, and violence. Last updated on 2022/05/21 Getac Statement against Use of "Conflict Minerals". Reducing the use of such conflict minerals is intended to help reduce funding for the armed groups contributing . Global Witness defines conflict resources as "natural resources whose systematic exploitation and trade in a context of conflict contribute to, benefit from or result in the commission of serious violations of . Policy Questions. On August 22, 2012, the Securities and Exchange Commission, acting pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, adopted a final rule 1 that will require public companies to make disclosures about the use of "conflict minerals" in the products that they manufacture or contract to manufacture. Conflict Minerals refer to raw materials or minerals that come from a particular part of the world where conflict is occurring and affects the mining and trading of those materials. The term "conflict minerals" is defined as columbite-tantalite, also known as coltan (from which tantalum is derived); cassiterite (tin); gold; wolframite (tungsten); or their derivatives; or any other mineral or its derivatives determined by the Secretary of State to be financing conflict in the Democratic . Introduction . The conflict minerals rule faced legal challenges, as manufacturing industry representatives and the U.S. Chamber of Commerce argued that it was inadequate on economic and company size grounds and that it infringed on companies' rights under the First Amendment [Dynda Thomas, "Challenging the Conflict Minerals Rule: A Review of the DocketPetitioners' Brief and Amicus Briefs," Squire . Today, a small share of all tin, tantalum, tungsten and gold metals originate from the Democratic Republic of Congo (DRC) and are . In recognition of this humanitarian crisis and its links to global mineral trade, the Dodd-Frank Wall Street Reform Act and the U.S. Securities and Exchange Commission require publicly-held companies to perform diligence on any tin, tungsten, tantalum and gold in their products to determine whether such minerals originated from mines, smelters or refiners that finance conflict in the . These minerals can enter multinational companies' supply chains, and are . Uses for 3TG Conflict Minerals. These tools support suppliers - both established companies and new entrants - looking to create or enhance minerals reporting programs. Conflict minerals, as defined by US legislation, currently include the metals tantalum, tin, tungsten and gold, which are the derivatives of the minerals cassiterite, columbite-tantalite and wolframite, respectively. Responsible mineral sourcing can help avoid both human rights abuses as well as the contribution to conflict fuelled by the extraction and trade of minerals. "Conflict minerals were kind of 'in fashion' a few years ago and companies were actually putting quite a lot of effort there," he says. Two regulations cover conflict minerals. Forced labor and child labor are common, as are violence, corruption and . Miners bring gold powder to gold dealerships, where it is weighed and tested.

Conflict-minerals.com.This domain provided by godaddy.com at 2012-05-10T07:47:25Z (10 Years, 10 Days ago), expired at 2023-05-10T07:47:25Z (0 Years, 353 Days left). What are "Conflict Minerals"? Malleable, not highly corrosive, and highly conducive to . Since 1996, more than 5.4 million people have died as a result of ethnic warfare and struggles for the Congo's wealth . As a result of fervent activism and international campaigning, the flagship case of "conflict minerals" has captured global attention. It requires EU companies to ensure they import these minerals and . Standardized reporting process. The office also builds international support for due diligence guidelines intended to help industry develop a responsible minerals trade from conflict . Four common conflict minerals, clockwise from top left: coltan, cassiterite, gold ore, and wolframite. "[The issues] clearly are still there and there are still . 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. iPoint Conflict Minerals is a cloud-based software solution that enables companies to address the challenge of collecting, managing, aggregating and reporting on conflict minerals and meeting the requirements of their customers and regulatory authorities. Those minerals include tantalum (Ta), tin (Sn), gold (Au), and tungsten (W). For example, tin extracted in Canada, Russia or Argentina is considered a conflict mineral by definition. By doing so, we Start Printed Page 56276 understand Congress's main purpose to have been to attempt to inhibit the ability of armed groups in the Covered Countries to fund their activities by exploiting the trade in conflict minerals. These conflict minerals are tin, tantalum, tungsten (the "3 T's") and gold which are mined in eastern Congo and are in all consumer electronics products, as . . The Securities and Exchange Commission requires companies to report on the origin of these "conflict minerals" used in their products. The US Conflict Mineral Legislation is a congressional mandate designed to further the humanitarian goal of ending violent conflict in Democratic Republic of Congo (DRC) and adjoining countries, it addresses four "conflict minerals" - Tantalum, Tin, Tungsten and Gold (3TG) and requires certain disclosures to the SEC if products contain . Gold which is commonly used to coat wiring, in chemical compounds during the semiconductor manufacturing process and aerospace equipment. These requirements are set to dramatically impact the global supply chain for the affected materials. Conflict resources are natural resources extracted in a conflict zone and sold to perpetuate the fighting. Section 13(p) 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 company's products. Intel on the Front Line. Conflict Minerals Definition. General Electric Company . These minerals are found in numerous parts used to produce automotive, aerospace, construction, and industrial machinery, medical and dental equipment, and the . iPoint Conflict Minerals also supports the import of XML files according to the IPC1755 data exchange standard. They are so-called because they are often mined in countries plagued by political instability and armed conflict, such as the Democratic Republic of Congo (D.R.C.). These minerals are most commonly used to produce tin, tantalum, gold, and tungsten, respectively, also known as "3TG". Often used to coat other metals to prevent their corrosion and to create alloys. The term Conflict Minerals describes 4 elements - Tin, Tantalum, Tungsten and Gold, and is commonly referred to as 3TG. Exhibit 1.01 . Therefore, the EU passed a new regulation in May 2017 to stop: global and EU smelters and refiners from using conflict minerals, and; mine workers from being abused. Conflict minerals are minerals mined in conditions of armed conflict and human rights abuses, and which are sold or traded by armed groups. This is the most commonly used Conflict Minerals reporting framework. Certain minerals (including tin, tantalum, tungsten and gold) have been linked with funding killings, violence, rape, and other human rights abuses in the Democratic Republic of Congo and other conflict zones. CBS' 60 Minutes highlighted the deadly trade of gold from the mines of Congo. There is both statistical and anecdotal evidence that the presence of precious commodities can prolong conflicts (a "resource curse"). These minerals are most commonly used to produce tin, tantalum, gold, and tungsten, respectively, also known as "3TG". Caterpillar is committed to the responsible sourcing of Conflict Minerals used in our products. A Conflict Minerals Report for products that have not been found to be DRC Conflict Free must include: a description of the measures taken to exercise due diligence on the source and chain of custody of the conflict minerals; a description of the products; a description of the facilities used to process the conflict minerals; Section 1502 of the Act was included due to concerns that the exploitation and trade of conflict minerals by armed groups may be financing conflict in the Democratic Republic of Congo (DRC) region and is contributing to an emergency humanitarian crisis. Each section covers different conflict minerals regulation requirements. Conflict minerals are a class of minerals that include tantalum, tin, tungsten, and gold. Getac has always respected international human rights and continuously practiced the idea of being a world citizen. Minerals Law, mandates supply chain traceability for publicly traded companies that use, make or sell products with "Conflict Minerals" (tin, tantalum, tungsten, gold and the ores from which they originate). One of the major triggers for this war was the control of the Eastern Congo's mines, which promised millions in profits for the groups (both . Commonly used in tools, cell phones, and high-temperature situations, also used in alloys for its strength. Step 3: Enhanced Diligence for Conflict Minerals Originating or Reasonably Believed to Have Originated in a Covered Country; the Conflict Minerals Report. Often used to coat other metals to prevent their corrosion and to create alloys. Minerals such as tin, tantalum, tungsten, gold and cobalt are used in vital components in IT products and are categorized as conflict minerals since they are connected to armed conflicts and human rights abuses in the regions of the world where they are extracted. The CFSI was founded in 2008 and today has over 300 company members which it works with on the issue of 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. "Conflict Minerals" is the term used to describe the following minerals: gold, wolframite, casserite, columbite-tantalite and their derivative metals, which include tin, tungsten and tantalum - no matter where they are mined or smelted (e.g., gold mined in Canada is technically considered a "Conflict Mineral" under federal law). Enough experts detail how to track the supply chain of conflict gold, and how you can ensure your jewelry is conflict-free. All of these resources can be found in the Democratic Republic of Congo, where militant groups smuggle and tax the appropriately-named "conflict minerals," drawing in $183 million yearly to fund their violent operations. Buying conflict diamonds is barred by the Kimberley Process Certification Scheme, agreed to in 2003 by the major diamond-trading countries and the gem industry. In short, if the income derived from the trading of these minerals is used to finance armed conflict in the Democratic Republic of Congo (DRC) and surrounding countries . Conflict minerals could be in any of the electronics you use. Conflict minerals is a term used to describe minerals produced in certain countries that use the money from mining these minerals to support human rights abuses in their countries, as well as killings, violence, and rape. Because of our leading . But production in small concentrations can be lucrative for African states. General Electric Company ("GE" or the "Company") has prepared this Conflict Minerals Report ("Report") for the year ended December 31, 2021, as provided for in Rule 13p-1 of the Securities Exchange Act of 1934, as amended, and Form SD (collectively, the "Conflict Minerals Rule"). In order to establish the non-use system of conflict minerals, our company built and performs the management process of the supply chain of conflict minerals, which meets OECD Due Diligence Guidance. Congress adopted Section 1502 in order to further the . Avnet firmly believes that its customers . For the purposes of relevant legislation, conflict minerals are cassiterite, columbite-tantalite, gold and wolframite, as well as their derivatives. These so-called 'conflict minerals' such as tin, tungsten, tantalum and gold, also referred to as 3TG, can be used in everyday products such as mobile phones and cars or in jewellery. It is difficult for consumers to know if a product they have bought is funding violence, human rights abuses or other crimes overseas. The Dodd-Frank law on conflict minerals is already having an effect in Eastern Congo, damping or halting production at many mines even before the disclosure regulations for companies are in place . A new EU law to stem the trade in conflict minerals. Congress enacted Section 1502 because of concerns that the exploitation and trade of conflict minerals by armed groups is helping to finance conflict in the DRC region and is contributing to an emergency humanitarian crisis. Commonly used in tools, cell phones, and high-temperature situations, also used in alloys for its strength.

In July of 2010, the United States Congress passed legislation requiring corporations to report the use of "Conflict Minerals" in the manufacture of their products. These "conflict minerals" consist of columbite-tantalite, cassiterite, gold, wolframite, or their derivatives, which are initially limited to tantalum, tin, and tungsten (collectively, the "Conflict Minerals"). Mason Corporation hereby identifies "tin" as a conflict mineral that is used in the manufacturing of our products. Conflict Minerals Disclosure. These "conflict minerals" consist of columbite-tantalite, cassiterite, gold, wolframite, or their derivatives, which are initially limited to tantalum, tin, and tungsten (collectively, the "Conflict Minerals"). Weak governance, poverty, lack of regulation of the Congolese mining sector as well as extraction and trade of minerals . This term gro This has for some years been a particular problem in the . The conflict minerals rule requires heightened diligence and disclosure if, based on the registrant's reasonable country of origin inquiry, it knows that any of its necessary conflict . But what makes these minerals "Conflict Minerals"? These so-called 'conflict minerals' such as tin, tungsten, tantalum and gold, also referred to as 3TG, can be used in everyday products such as mobile phones and cars or in jewellery. The Responsible Minerals Initiative (RMI), formerly Conflict-Free Sourcing Initiative (CFSI), has become one of the most widely used and respected resources for companies dealing with responsible mineral sourcing in their supply chains.. A template can be downloaded from the RMI website that complies with the provisions of the Dodd-Frank Act and is designed to keep the supply chain manageable . Smelter Details. This Conflict Minerals Report ("CMR") of Caterpillar Inc. (herein referred to as "Caterpillar," "we," or "our") is being filed in accordance with Rule 13p-1 under the Securities Exchange Act of 1934 ("Rule 13p-1") for calendar year 2021. The CMRT is broken down into five sections: Company Information. The current iPoint Conflict Minerals version supports the import of Excel files that are formatted according to the RMI standard (CMRT). For the purposes of relevant legislation, conflict minerals are cassiterite, columbite-tantalite, gold and wolframite, as well as their derivatives. It is difficult for consumers to know if a product they have bought is funding violence, human rights abuses or other crimes overseas. "Conflict Minerals" in this context refers to the following minerals: Columbite-tantalite (coltan), cassiterite, gold, wolframite, or their derivatives, which are limited to . The same year, Barack Obama signed a bill that required all public companies to disclose their use of conflict minerals, and companies like Intel and Motorola pledged to ban them. All companies that supply or use minerals sourced from conflict-affected or high-risk areas should follow the OECD's Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.

Division of Corporation Finance Conflict Minerals Disclosure A Small Entity Compliance Guide 1 Introduction. Ensure compliance with evolving conflict mineral regulations. The guide covers each section step-by-step and . These minerals are extracted, to . The mine is now producing regular shipments and is viewed as the role model for establishing a secure supply of conflict-free minerals from the region. AIAG's Conflict Minerals Work Group has compiled a number of guides and resources to assist the supply chain in managing the growing demand for minerals reporting. This provides detailed recommendations to help companies respect human rights and avoid contributing to conflict . Conflict Minerals Law are: gold, wolframite (a source of tungsten), columbite-tantalum (metal ore from which tantalum is extracted), and cassiterite (ore used to produce tin). Mason Corporation hereby identifies "tin" as a conflict mineral that is used in the manufacturing of our products.

The Congolese Conflict (also known as the Great War of Africa) has been ongoing since the 1990s, and is the deadliest global conflict since WW2, with casualties equal to the entire nation of Denmark. 4173 Dodd-Franck Act signed by U.S. President Obama in July 2010, Getac specifically states its prohibition against the use of Conflict Minerals. Conflict minerals could be in any of the electronics you use. Malleable, not highly corrosive, and highly conducive to . As a first step, Sonnedix analysed conflict mineral use through publicly available independent third-party PV module manufacturer scorecards. Based on this inquiry, Sonoco determined that certain products it manufactured, or for which it contracted for the manufacture, during the year ended December 31, 2021 contained necessary conflict minerals (principally tungsten and tin).