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 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 main minerals (the 3TGs) are tantalum, tin, tungsten and gold . The term "conflict minerals" referred to four mineralstantalum, tin, tungsten, and goldthat are mined in countries throughout the world, including the Democratic Republic of Congo (DRC). The office also builds international support for due diligence guidelines intended to help industry develop a responsible minerals trade from conflict . This provides detailed recommendations to help companies respect human rights and avoid contributing to conflict . 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 . These scarce minerals such as tin, tungsten and tantalum are both rare and difficult to extract. 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. Conflict resources are natural resources extracted in a conflict zone and sold to perpetuate the fighting. The guide covers each section step-by-step and . Ensure compliance with evolving conflict mineral regulations. 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 . These minerals are extracted, to . Commonly used in tools, cell phones, and high-temperature situations, also used in alloys for its strength. 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. 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. There is both statistical and anecdotal evidence that the presence of precious commodities can prolong conflicts (a "resource curse"). "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). 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. 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). Enough experts detail how to track the supply chain of conflict gold, and how you can ensure your jewelry is conflict-free. The CMRT is broken down into five sections: Company Information. It set up the Conflict Free Smelter Program (CFSP), which identifies smelters and refiners that produce conflict-free materials. 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.
For the purposes of relevant legislation, conflict minerals are cassiterite, columbite-tantalite, gold and wolframite, as well as their derivatives. 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. 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").
The template provides an efficient way for suppliers to disclose country of origin and smelter or refiner (SOR) information to their customers. Many of the world's computers and cellphones are likely to be tainted by "conflict minerals" from Congolese mines where abusive militias and child labour are common, because of failures in a . For example, tin extracted in Canada, Russia or Argentina is considered a conflict mineral by definition.
These minerals are most commonly used to produce tin, tantalum, gold, and tungsten, respectively, also known as "3TG". 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. These minerals are found in numerous parts used to produce automotive, aerospace, construction, and industrial machinery, medical and dental equipment, and the . The law also supports the development of local communities. 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. 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). These requirements are set to dramatically impact the global supply chain for the affected materials. CBS' 60 Minutes highlighted the deadly trade of gold from the mines of Congo. Mason Corporation hereby identifies "tin" as a conflict mineral that is used in the manufacturing of our products. If You Are New to the Issue. The sale of conflict minerals is used to finance violence and human rights abuses.
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). Reducing the use of such conflict minerals is intended to help reduce funding for the armed groups contributing . Site is running on IP address 176.52.244.143, host name 176.52.244.143 ( Germany) ping response time 10ms Excellent ping.Current Global rank is 6,558,139, site estimated value 324$. Weak governance, poverty, lack of regulation of the Congolese mining sector as well as extraction and trade of minerals .
The term Conflict Minerals describes 4 elements - Tin, Tantalum, Tungsten and Gold, and is commonly referred to as 3TG.
Version #: 1.0 Effective Date: May 15, 2017 Conflict Minerals SOP CONFIDENTIAL: Internal Use Only Page 3 of 4 Data Repository and Organization Records related to Nevro's Conflict Minerals program . These minerals, sometimes referred to as the "3TG" minerals, were used in many industries for a variety of purposes. On August 22, 2012, the Securities and Exchange Commission ("SEC") adopted a new rule and form, as mandated by Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"), to require companies to publicly disclose their use of conflict . Caterpillar is committed to the responsible sourcing of Conflict Minerals used in our products. 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. . 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. Conflict minerals could be in any of the electronics you use. The major offender is the Democratic Republic of Congo. Commonly used in tools, cell phones, and high-temperature situations, also used in alloys for its strength. 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 . 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"). 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.
A new tantalum mine is being assessed to . 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. Avnet firmly believes that its customers . Congress included it in Dodd-Frank out of concern for what is known as the "resource curse"the phenomenon . The Securities and Exchange Commission requires companies to report on the origin of these "conflict minerals" used in their products. 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. For the purposes of relevant legislation, conflict minerals are cassiterite, columbite-tantalite, gold and wolframite, as well as their derivatives. Product Details. "Conflict Minerals" in this context refers to the following minerals: Columbite-tantalite (coltan), cassiterite, gold, wolframite, or their derivatives, which are limited to . 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. Because of our leading . 4173 Dodd-Franck Act signed by U.S. President Obama in July 2010, Getac specifically states its prohibition against the use of 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 . Conflict minerals include tantalum, tin, tungsten and gold, which are used in many electronic components and computer products. "The exploitation of the mining and trade of conflict minerals in the eastern DRC [Democratic Republic of the Congo] has contributed to instability, violence, displacement of people, and severe human rights abuses," says the Government Accountability Office (GAO) in its annual report, Conflict Minerals: Actions Needed to Assess Progress Addressing Armed Groups' Exploitation of Minerals. It is difficult for consumers to know if a product they have bought is funding violence, human rights abuses or other crimes overseas. Getac Statement against Use of "Conflict Minerals". BH prohibits any use of conflict minerals mined unethically, except for the minerals of the conflict-affected countries offered by the smelters . 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 current iPoint Conflict Minerals version supports the import of Excel files that are formatted according to the RMI standard (CMRT). Uses for 3TG Conflict Minerals. iPoint Conflict Minerals also supports the import of XML files according to the IPC1755 data exchange standard. As a global value-added distributor of electronic components and embedded subsystems, Avnet promotes the traceability of these minerals and the transparency of the supply chain. Congress adopted Section 1502 in order to further the . 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. Forced labor and child labor are common, as are violence, corruption and . Getac has always respected international human rights and continuously practiced the idea of being a world citizen. Conflict Minerals Definition. 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. 2021 Conflict Minerals Report . In the twenty-first century, the relationship between violent conflict and natural resources has become a matter of intense public and academic debate. 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. These minerals are most commonly used to produce tin, tantalum, gold, and tungsten, respectively, also known as "3TG". 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. The rule requiring disclosure of conflict minerals will go into effect in 2014. Conflict Minerals accounting, disclosures, internal accounting controls or auditing matters, they should report it to conflict.minerals@nevro.com. This is the most commonly used Conflict Minerals reporting framework. 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 . Sourcing Questions. The SEC rules define conflict minerals as 3TG metals, wherever extracted. 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. In 2014 the CFSI announced that there were now conflict-free smelters for each of the 3TGs. Smelter Details. And indeed, some . Each section covers different conflict minerals regulation requirements. 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 . It is difficult for consumers to know if a product they have bought is funding violence, human rights abuses or other crimes overseas.
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. 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 . 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. The DRC is rich in natural resources such as tin, tungsten, tantalite and gold - the four conflict minerals. General Electric Company . Conflict minerals could be in any of the electronics you use. Conflict minerals are resources that are mined and used to influence and finance armed conflict, human rights abuses, and violence. While ACR Electronics . Two regulations cover 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. In response to Bill H.R. Conflict Minerals Disclosure. Stores electricity and is used in alloys for its strength. Rather than avoid the issue, semiconductor market leader Intel Corp. has confronted the conflict mineral problem head onannouncing it would no longer use tantalum, tungsten, gold, and tin obtained from disputed sources in the DRC and nearby nations. Stores electricity and is used in alloys for its strength. These are commonly used in automotive, jewellery, ICT and other industries for the manufacture of consumer goods. 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. But production in small concentrations can be lucrative for African states.
Intel on the Front Line.
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"). Division of Corporation Finance Conflict Minerals Disclosure A Small Entity Compliance Guide 1 Introduction. 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"). What are "Conflict Minerals"? This term gro Malleable, not highly corrosive, and highly conducive to . This has for some years been a particular problem in the . 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.
Since 1996, more than 5.4 million people have died as a result of ethnic warfare and struggles for the Congo's wealth . 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. These tools support suppliers - both established companies and new entrants - looking to create or enhance minerals reporting programs. 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. Unless otherwise defined herein, terms used in this CMR are as defined in Rule 13p-1 and . Sonoco then made a further good faith country of origin inquiry of its first-tier suppliers of necessary . 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 . We found that company inquiry results haven't changed much since 2015. Often used to coat other metals to prevent their corrosion and to create alloys. Introduction . 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. 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. 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; Those minerals include tantalum (Ta), tin (Sn), gold (Au), and tungsten (W). Uses for 3TG Conflict Minerals. Miners bring gold powder to gold dealerships, where it is weighed and tested. Policy Questions. What are "Conflict Minerals"? The four most prominent conflict minerals, as defined by the U.S. 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. Often used to coat other metals to prevent their corrosion and to create alloys. 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 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 . The CFSI was founded in 2008 and today has over 300 company members which it works with on the issue of conflict minerals. It requires EU companies to ensure they import these minerals and . As a first step, Sonnedix analysed conflict mineral use through publicly available independent third-party PV module manufacturer scorecards. As a result of fervent activism and international campaigning, the flagship case of "conflict minerals" has captured global attention. These minerals can enter multinational companies' supply chains, and are . Last updated on 2022/05/21 These minerals can enter multinational companies' supply chains, and are . Malleable, not highly corrosive, and highly conducive to . 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.). In 2012, the company committed to only manufacturing conflict-free . This guide provides comprehensive and direct instructions on filling out a CMRT 6.1 form. Conflict minerals are minerals mined in conditions of armed conflict and human rights abuses, and which are sold or traded by armed groups. A new EU law to stem the trade in conflict minerals. Today, a small share of all tin, tantalum, tungsten and gold metals originate from the Democratic Republic of Congo (DRC) and are .
Conflict minerals are a class of minerals that include tantalum, tin, tungsten, and gold. 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. Even in its absence, companies that use such materials in their products would be wise to become more vigilant about the problem. Under Section 1502, the term "conflict minerals" includes tantalum, tin, gold, or tungsten. 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. 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 . Mason Corporation hereby identifies "tin" as a conflict mineral that is used in the manufacturing of our products. "[The issues] clearly are still there and there are still . The resulting Conflict Minerals Report must provide: A description of the products manufactured or contracted to be manufactured by the issuer that "have not been found to be 'DRC conflict free'"; The facilities used to process the conflict minerals; The country of origin of the conflict minerals; and The issuer's efforts to determine the mine . These four prominent metals are sometimes referred to as "3TG" or the "3T's" and are all mined . Step 3: Enhanced Diligence for Conflict Minerals Originating or Reasonably Believed to Have Originated in a Covered Country; the Conflict Minerals Report. The so called-conflict minerals are used in modern electronics, such as mobile phones and computer hardware. Exhibit 1.01 . Standardized reporting process. 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 .
"Conflict minerals were kind of 'in fashion' a few years ago and companies were actually putting quite a lot of effort there," he says. But what makes these minerals "Conflict Minerals"?
Four common conflict minerals, clockwise from top left: coltan, cassiterite, gold ore, and wolframite. In 2020: 42% of companies initially determined that their conflict minerals may have come from the DRC or adjoining countries
Gold which is commonly used to coat wiring, in chemical compounds during the semiconductor manufacturing process and aerospace equipment.