Conflict Mineral

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The Conflict Minerals provision, Section 1502, requires companies that are publicly-traded in the U.S. to disclose annually whether tin, tantalum, tungsten or gold in their products originated in the Democratic Republic of the Congo (DRC) or adjoining countries (Angola, Burundi, Central African Republic, the Republic of Congo, Rwanda, South Sudan, Tanzania, Uganda, and Zambia), and if “Conflict Minerals are necessary to the functionality or production of a product manufactured.”

The Securities and Exchange Commission (SEC) asked for three step process, requiring an issure to:

  1. Determine whether it is subject to the requirements of the Conflict Minerals Statutory Provision.
  2. Determine after a “reasonable country of origin inquiry” whether conflict minerals in its products originated in the Covered Countries or are from recycled or scrap sources.
  3. Exercise due diligence on the source and chain of custody of its conflict minerals and provide a Conflict Minerals Report.

 

SBS work process will reduce time to comply with Conflict Minerals Statutory by:

Assess applicability of SEC rule to company.

Perform supply chain review for conflict minerals.

Conduct a reasonably country of origin inquiry.

Collect all the necessary DATA.

Provide reports according to the known common standards format.

Perform “Due diligence” on relevant minerals source and chain of custody to support legislation

Escort with Legal support.

 

CMRT 4.10 Now Available!

CMRT 4.10 is now available for download!  The major changes you will see in CMRT 4.10 include:

  1. Corrections to all bugs and errors
  2. Enhancements which do not conflict with IPC-1755
    1. Additions and clarifications in the instructions and definitions
    2. Smelter List Tab: Re-introduction of “smelter not yet identified”
    3. Smelter List Tab: Inclusion of drop down menu for smelter ID that triggers auto-population of columns B to J
  3. Translation improvements and addition of Turkish language
  4. Updates to the Smelter Reference List and Standard Smelter List as of March 23, 2016
    1. Updated lists and corrections
    2. ASCII character set alignment

Please download the new template here.
Referencehttp://www.conflictfreesourcing.org/conflict-minerals-reporting-template/

CFSI strongly encourages the use of CMRT 4.0 or later for the current reporting year.