While we, as a privately held corporation . 2021 Conflict Minerals Report . The DRC, unfortunately, is also home to ongoing conflicts . 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 . It requires EU companies to ensure they import these minerals and metals from responsible sources only. Only a small portion of WESCO's business involves "manufacturing" or "contracting to manufacture," as . Uses for 3TG Conflict Minerals. The sale of conflict minerals is used to finance violence and human rights abuses. Companies have worked on the problem . The Conflict Minerals Reporting Template (CMRT) was created by the Responsible Minerals Initiative (RMI), and has become the industry standard for reporting and supplier declarations. 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. But what makes these minerals "Conflict Minerals"? For example, tin extracted in Canada, Russia or Argentina is considered a conflict mineral by definition. The Conflict Minerals Lead is responsible for developing Nevro's Conflict Minerals program, as well as periodically updating the Executive Sponsor on Conflict Minerals Program progress and issues. This means suppliers will be asked to complete a new CMRT every year in advance of the reporting deadline. The mining of these minerals has been partially co-opted by militant groups which engage in human rights abuses to mine these materials and use the proceeds to finance armed conflict in the region. The new law reflects the OECD's 5 step framework of "Due Diligence Guidance for Responsible Supply Chains from Conflict-Affected and High-Risk Areas".
Under rules adopted by the Securities and Exchange Commission implementing these conflict minerals provisions (the "Conflict Minerals Rules"), public reporting companies having "Conflict Minerals" that are necessary to the functionality or production of a product manufactured or contracted by that company to be manufactured must disclose annually whether those Conflict Minerals originated in . The remaining 80% admitted that they were unable to determine their raw materials' country of origin. In 2014 the CFSI announced that there were now conflict-free smelters for each of the 3TGs. 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 resources are natural resources extracted in a conflict zone and sold to perpetuate the fighting. In recent years it has frequently been suggested that the trade in cobalt, of which 75% of the world's supply is mined in DRC, is similarly linked to the conflict in the region. National Geographic photographer Marcus Bleasdale finds beauty in trauma. Tantalum, which is found in products like RF filters and capacitors. Goodyear does not directly purchase conflict minerals for use in our manufacturing processes; however, some of our tier 1 . 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. COMPANY OVERVIEW Merit is a leading manufacturer and marketer of proprietary disposable medical devices used in interventional, diagnostic, and therapeutic procedures . 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 . Step 3: Enhanced Diligence for Conflict Minerals Originating or Reasonably Believed to Have Originated in a Covered Country; the Conflict Minerals Report. 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 . 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. An unfortunate, and sadly inevitable, aspect of this is that trade in these minerals has been used to fund armed conflicts, such as in the Democratic Republic of the Congo. Note 2: "Conflict Mineral" - certain metal minerals that have become the major financial source for organizations of armed insurrection in the Democratic Republic of Congo (DRC) and its neighboring countries to serve the purpose of arms trafficking, extending bloody conflicts with their government, ravaging local civilians, and drafting . The CFSI was founded in 2008 and today has over 300 company members which it works with on the issue of conflict minerals. It set up the Conflict Free Smelter Program (CFSP), which identifies smelters and refiners that produce conflict-free materials. CONFLICT MINERALS. Step 3: Enhanced Diligence for Conflict Minerals Originating or Reasonably Believed to Have Originated in a Covered Country; the Conflict Minerals Report. 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. Automate Your Conflict Minerals Compliance. Conflict Minerals Lead: The Conflict Minerals Lead is the Director of Corporate Compliance and Legal Affairs. These minerals are most commonly used to produce tin, tantalum, gold, and tungsten, respectively, also known as "3TG". It is difficult for consumers to know if a product they have bought is funding violence, human rights abuses or other crimes overseas. However, cobalt is not specified . Conflict minerals are defined as cassiterite, columbite-tantalite, gold, wolframite, and their derivatives, which are limited to tin, tantalum, tungsten, and gold ("3TG"). 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. But what makes these minerals "Conflict Minerals"? Conflict Minerals: EICC-GeSi package used with Microsoft's Skydrive seamlessly enables supply chain data gathering over the cloud San Jose, CA, Oct 10, 2012-User feedback on the deployment of the EICC-GeSi Version 2.0 package, which includes a template and dashboard offered tantalizing insights into the different ways in which it helped data interchange and monitoring of supplier compliance. As the leading solution provider for Conflict Minerals compliance, we closely monitored the evolution of Dodd-Frank 1502 and EU Conflict Minerals legislation and have prepared an industry-leading . The Dodd Frank SEC Conflict Minerals legislation requires companies to comprehend and subsequently disclose the use of minerals (3TG) in conflict areas such as the DRC in order to protect human rights in the supply chain. If applicable, issuers will need to take steps to determine the minerals' country of origin and sources. It set up the Conflict Free Smelter Program (CFSP), which identifies smelters and refiners that produce conflict-free materials. All findings must be reported in . Commonly used in tools, cell phones, and high-temperature situations, also used in alloys for its strength. April 2015. I have heard a thousand cries of misery and . Rebel groups, governments and mining companies exploit mineral resources, fueling civil and interstate conflict as players vie for control over riches. BH prohibits any use of conflict minerals mined unethically, except for the minerals of the conflict-affected countries offered by the smelters . Gold which is commonly used to coat wiring, in chemical compounds during the semiconductor manufacturing process and aerospace equipment. 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"). First, and foremost, is determining whether the Conflict Minerals Act applies. General Electric Company . The template provides an efficient way for suppliers to disclose country of origin and smelter or refiner (SOR) information to their customers. Our semiconductor companies need to have a Materials Declaration (MD) and a Conflict Minerals Report ( CMR) to be in compliance with directives and industry data reporting standards like: REACH (Registration, Evaluation, Authorisation and restriction of CHemicals) Mike Zepp from Dassault Systemes spoke with me by phone to share his background . But production in small concentrations can be lucrative for African states. 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. Waters Corporation ("Waters") is committed to the responsible sourcing of materials through our global supply chain.
As a result of fervent activism and international campaigning, the flagship case of "conflict minerals" has captured global attention. These scarce minerals such as tin, tungsten and tantalum are both rare and difficult to extract. Congress included it in Dodd-Frank out of concern for what is known as the "resource curse"the phenomenon .
Conflict minerals like tin, tantalum, tungsten, and gold, sourced from the Democratic Republic of Congo often end up in our cell phones and other electronics. Due to the . 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 . 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. conflict minerals and metals from being exported to the EU; global and EU smelters and refiners from using conflict minerals, and; mine workers from being abused. 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. Boycotting one of the world's poorest countries Conflict Minerals Statement. These minerals are found in numerous parts used to produce automotive, aerospace, construction, and industrial machinery, medical and dental equipment, and the . Conflict minerals: war, murder, rape, and child labor for our electronics. "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). In 2014 the CFSI announced that there were now conflict-free smelters for each of the 3TGs. A new tantalum mine is being assessed to . In addition to conflict minerals management, LGE has established responsible mineral sourcing practices for cobalt in response to reports of child labor and other social issues. LGE is committed to adopting, widely disseminating and incorporating principles in support of these goals in contracts, agreements and/or communications with suppliers. Conflict minerals are defined by the European Union as those minerals that "finance armed groups, fuel forced labour and other human rights abuses, and support corruption and money laundering" (European Commission, 2017). Stores electricity and is used in alloys for its strength. What are "Conflict Minerals"? Cobalt is just one among a number of minerals that are mined in regions of the world such as the Democratic Republic of the Congo (DRC). These are commonly used in automotive, jewellery, ICT and other industries for the manufacture of consumer goods. Often used to coat other metals to prevent their corrosion and to create alloys. Diamonds in Sierra Leone and Angola are a prominent example: gaining control of the country's rich alluvial diamond . Minerals in Conflict. The 3TGs conflict minerals originate from areas of conflict, such as in the: Democratic Republic of the Congo (DRC) or its neighboring covered countries : Zambia. The office also builds international support for due diligence guidelines intended to help industry develop a responsible minerals trade from conflict . The SEC rules define conflict minerals as 3TG metals, wherever extracted. Congress adopted Section 1502 in order to further the . Generally, Conflict Minerals collectively refers to cassiterite, columbite-tantalite, gold, wolframite, or their derivatives, including tantalum, tin and tungsten, which originate from the Democratic Republic of the Congo or specified adjoining countries (referred to herein as "Covered Countries"). Malleable, not highly corrosive, and highly conducive to . Regulatory Compliance . 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. These minerals are most commonly used to produce tin, tantalum, gold, and tungsten, respectively, also known as "3TG".
First, the more global the company (in terms of the range of . With the collaboration of our suppliers, industry peers, and Procurement and Innovation teams, Goodyear hopes to make strides toward a more sustainable supply of raw materials that advances our values. Conflict minerals are tin (Sn), tantalum (Ta), tungsten (W), and gold (Au) . It has verified 59 smelters in its supply chain as conflict-free, but 104 of its smelters use minerals whose origins are unknown. Commonly used in tools, cell phones, and high-temperature situations, also used in alloys for its strength. Conflict minerals have, for a long time, been defined by policymakers under the umbrella term 3TG: tantalum, tin, tungsten and gold. Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act aims to mitigate those events through improved due diligence on the part of U.S. publicly-traded companies. Exhibit 1.01 . 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 . Most conflict mineral rules require companies to annually report on conflict minerals compliance. The literature commonly uses this acronym to identify these minerals: 3TGs. On August 22, 2012, the U.S. Securities and Exchange Commission issued final rules implementing Section 1502 of the Dodd Frank Wall Street Reform and Consumer Protection Act (the "Act"). Because of our leading . 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. 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.). For the purposes of relevant legislation, conflict minerals are cassiterite, columbite-tantalite, gold and wolframite, as well as their derivatives. Gold which is commonly used to coat wiring, in chemical compounds during the semiconductor manufacturing process and aerospace equipment. 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). Conflict Minerals come from the Democratic Republic of Congo and surrounding countries and include Tin, Tungsten, Tantalum and Gold (3TGs). 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.
"From stone to phone, they must be accountable." "I have seen immeasurable human torment, transformed by a system of refined cruelty into the flashy new products sold to us every day, at profits that mock decency. There is both statistical and anecdotal evidence that the presence of precious commodities can prolong conflicts (a "resource curse"). If You Are New to the Issue. 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; The term Conflict Minerals describes 4 elements - Tin, Tantalum, Tungsten and Gold, and is commonly referred to as 3TG. While definitions vary between countries and associated legislation, conflict minerals are generally understood to include: columbite-tantalite, also known as coltan (the metal ore from which tantalum is extracted); cassiterite (the metal ore from which tin is extracted); wolframite (the metal ore from which tungsten is extracted); gold; or their derivatives, which . 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. In-scope manufacturers are required to submit an annual report to the Securities . The term Conflict Minerals describes 4 elements - Tin, Tantalum, Tungsten and Gold, and is commonly referred to as 3TG. 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 . What are conflict minerals? The Conflict Minerals Rule requires certain companies to report annually to the SEC a description of measures taken to exercise due diligence on the source and chain of custody of conflict minerals in the manufacture of its products. Uses for 3TG Conflict Minerals. Conflict Minerals. 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.
Tungsten, which is found in products like oscillators and integrated circuits. These minerals can enter multinational companies' supply chains, and are . COMPANY OVERVIEW Merit is a leading manufacturer and marketer of proprietary disposable medical devices used in interventional, diagnostic, and therapeutic procedures . Introduction . There are four steps publicly traded companies (referred to as "issuers") need to follow in regard to conflict minerals. These four prominent metals are sometimes referred to as "3TG" or the "3T's" and are all mined . Please refer to Rule . Four common conflict minerals, clockwise from top left: coltan, cassiterite, gold ore, and wolframite. Forced labor and child labor are common, as are violence, corruption and . 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. These minerals can enter multinational companies' supply chains, and are . These tools support suppliers - both established companies and new entrants - looking to create or enhance minerals reporting programs. The DRC is rich in natural resources such as tin, tungsten, tantalite and gold - the four conflict minerals. The law also supports the development of local communities. The following minerals are considered 3TG: Tin, which is used in products like solder, resistors, capacitors, inductors, semiconductors, and batteries. The United States and the European Union require due diligence to be reported on 3TG in your supply chain. Conflict minerals could be in any of the electronics you use. Learn how our Conflict Minerals can help you meet your responsible sourcing obligations. These requirements are set to dramatically impact the global supply chain for the affected materials. The four most prominent conflict minerals, as defined by the U.S. This has for some years been a particular problem in the . Another commentator indicated that conflict minerals used in products that are "not intended to be sold into commerce," such as those utilized solely for research and development purposes, components provided at cost on a business-to-business basis, or products or components used only for engineering or testing purposes, should not be . 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). In January 2021, the EU conflict minerals regulation came into effect as a union-wide attempt to regulate supply chains and increase transparency between conflict minerals actors. Conflict minerals from the Congo to your cellphone.
This term gro The SEC has issued final rules (the "rules") implementing the conflict minerals disclosure required by Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This is the Conflict Minerals Report of Fossil Group, Inc. (references to "Fossil", "we" and "our" refer to Fossil Group, Inc. together with all of its subsidiaries) for calendar year 2021 provided in accordance with Rule 13p-1 ("Rule 13p-1") under the Securities Exchange Act of 1934 (the "1934 Act"). What are "Conflict Minerals"? Often used to coat other metals to prevent their corrosion and to create alloys. Conflict minerals are defined as cassiterite, columbite-tantalite, gold, wolframite, and their derivatives, which are limited to tin, tantalum, tungsten, and gold ("3TG"). Conflict minerals are a class of minerals that include tantalum, tin, tungsten, and gold. Conflict minerals are minerals mined in conditions of armed conflict and human rights abuses, and which are sold or traded by armed groups. Conflict Minerals: EICC-GeSi package used with Microsoft's Skydrive seamlessly enables supply chain data gathering over the cloud San Jose, CA, Oct 10, 2012-User feedback on the deployment of the EICC-GeSi Version 2.0 package, which includes a template and dashboard offered tantalizing insights into the different ways in which it helped data interchange and monitoring of supplier compliance. The rules apply to issuers that (i) file reports with the SEC under Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") and (ii) manufacture or contract to manufacture a . 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. 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. The CFSI was founded in 2008 and today has over 300 company members which it works with on the issue of conflict minerals. In the twenty-first century, the relationship between violent conflict and natural resources has become a matter of intense public and academic debate. Malleable, not highly corrosive, and highly conducive to . For the purposes of relevant legislation, conflict minerals are cassiterite, columbite-tantalite, gold and wolframite, as well as their derivatives. In the U.S., the standard deadline for reporting is May 31, but this may differ for some industries and other global conflict mineral . His work in the Congo is featured in the magazine's 125th . Weak governance, poverty, lack of regulation of the Congolese mining sector as well as extraction and trade of minerals . These tools support suppliers - both established companies and new entrants - looking to create or enhance minerals reporting programs. Conflict minerals could be in any of the electronics you use. Two things stood out to us. Stores electricity and is used in alloys for its strength. Gold, which is used for plating of PCBs, bond .
It is difficult for consumers to know if a product they have bought is funding violence, human rights abuses or other crimes overseas. Countries rich in minerals such as cobalt, coltan, cassiterite, copper, and gold are often marred by corruption, authoritarian repression, militarization, and civil war. 3TG is a shortened catch-phrase referring to the red-flag minerals of tungsten, tantalum, tin, and gold, which are frequently mined in or around the conflict region of the DRC. If You Are New to the Issue. The rule requiring disclosure of conflict minerals will go into effect in 2014. Under this act, these businesses must report on their use of conflict minerals. . Dear Valued Customer: We appreciate your inquiry concerning Nordson Corporation's (and any of its subsidiaries, collectively referred to as "Nordson") policy and practices concerning the use of "conflict minerals" originating from the Democratic Republic of Congo or an adjoining country.
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what are conflict minerals used for