EX-1.01 2 d932241dex101.htm EX-1.01 EX-1.01

Exhibit 1.01

 

LOGO

CONFLICT MINERALS REPORT

This report for the reporting period of January 1 to December 31, 2014, is provided in accordance with Rule 13p-1 under the Securities Exchange Act of 1934 (“Rule”).

COMPANY BACKGROUND

For more than a century, Huntington Ingalls Industries, Inc. (“HII” or the “Company,” “we,” “us,” or “our”) has been designing, building, overhauling, and repairing ships primarily for the U.S. Navy and the U.S. Coast Guard. We are the nation’s sole designer, builder, and refueler of nuclear-powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the U.S. Navy, the sole builder of National Security Cutters for the U.S. Coast Guard, one of only two companies currently designing and building nuclear-powered submarines for the U.S. Navy and one of only two companies that builds the Navy’s current fleet of DDG 51 Arleigh Burke-class destroyers. We are the exclusive provider of Refueling and Complex Overhaul services for nuclear-powered aircraft carriers, a full-service systems provider for the design, engineering, construction, and life cycle support of major programs for surface ships and a provider of fleet support and maintenance services for the U.S. Navy.

We conduct most of our business with the U.S. Government, principally the Department of Defense. As prime contractor, principal subcontractor, team member or partner, we participate in many high-priority U.S. defense technology programs. We also provide a range of services to the energy and oil and gas industries as well as government customers.

HII procures a large variety of products from many different suppliers. Some of the products HII procures from suppliers contain conflict minerals, which are also referred to as “3TGs” ( “conflict minerals” and “3TGs” are tin, tantalum, tungsten and gold as more specifically described in and covered by the Securities and Exchange Commission’s regulations and guidance). HII is a downstream purchaser and is a number of steps removed in the supply chain from the mining and smelting of 3TGs. As a result, HII relies on its suppliers to represent whether the products they are supplying to HII contain 3TGs.

CONFLICT MINERALS POLICY

HII has adopted a conflict minerals policy and related procedures focused on HII’s commitment to sourcing components and materials from suppliers that share its ethical values and that support compliance with the Securities and Exchange Commission’s regulations as well as HII’s disclosure obligations related to conflict minerals. This policy and related procedures have guided HII’s development of internal systems, supply chain due diligence efforts and, ultimately, HII’s Reasonable Country of Origin Inquiry (“RCOI”).

Since October 2012, HII’s efforts related to conflict minerals have included: understanding and developing internal policies, procedures, practices, processes, and systems designed to obtain information about 3TGs and their origin that may be incorporated into HII’s products; providing transparency through its product supply chain; and, more generally, providing knowledge to and achieving engagement from its suppliers concerning the requisite conflict minerals issues. Additionally, HII belongs to and participates with several professional organizations that devote time and focus to understanding conflict mineral matters and how to appropriately design, improve and implement processes to better understand and obtain data about the sources of conflict minerals.

 

1


REPORTING YEAR ACTIVITY

For products completed and delivered by HII in 2014, which included vessels, vessel components, water and air tight doors, radiological shielding and electrical distribution panels, HII conducted an RCOI as more specifically described below. The results of the RCOI led HII to conduct due diligence of a limited number of suppliers to four of the Company’s business units. The information provided by a limited number of those suppliers indicated that some 3TGs contained in certain of these suppliers’ products and supplied to these business units may have originated in a Covered Country (Democratic Republic of Congo, the Republic of the Congo, the Central African Republic, South Sudan, Uganda, Rwanda, Burundi, Tanzania, Zambia and Angola), hereinafter referred to collectively as the “DRC.” As further discussed below, some of these suppliers reported sourcing from smelters that may procure some 3TGs from the DRC, but upon further inquiry HII found that such smelters have been verified by the Conflict Free Sourcing Initiative (“CFSI”) to only procure from conflict-free sources that do not support armed conflict in the DRC. Other smelters identified by suppliers are in the process of being audited by CFSI to determine if they only obtain 3TGs from conflict-free sources, while information about other smelters and the origin of the 3TGs they provide is unknown.

REASONABLE COUNTRY OF ORIGIN INQUIRY

In addition to the efforts described above, HII’s RCOI was designed to determine whether the 3TGs in its relevant products originated in the DRC. In part, HII’s RCOI process included:

 

    forming a long-term working group comprised of representatives from HII’s operational, compliance, legal and supply chain functions (at both the corporate and business-unit levels), as well as external advisors with conflict minerals subject matter expertise;

 

    evaluating the Securities and Exchange Commission’s regulations, adopting initial policies to support compliance with these regulations, reviewing and updating practices and providing information to suppliers to make them knowledgeable of the Securities and Exchange Commission’s regulations, and, to the extent necessary, developing reasonable interpretations of these regulations that allow HII to apply the regulations to its specific operations and industry;

 

    providing information to HII’s suppliers about, and linked access to, the Securities and Exchange Commission’s conflict minerals regulations and other supporting publications;

 

    requiring suppliers as part of the purchase order process to represent if their products contain 3TGs, and if so, to further require the suppliers to provide either a completed HII-issued questionnaire, a completed Global e-Sustainability Initiative (“GeSI”) template, or some other form containing information about the type and origin of 3TGs in their products;

 

    compiling data from supplier representations;

 

    communicating with, and seeking information from, any major suppliers that did not timely respond to surveys or provided incomplete surveys; and

 

    conducting periodic reviews with the Company’s long-term working group and the supply chain organizations to understand the data and information submitted by suppliers and additional steps that were taken to seek additional information from suppliers.

DUE DILIGENCE MEASURES

HII has undertaken measures to develop due diligence processes that are informed by and track to the Organization for Economic Cooperation and Development’s (“OECD”) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High Risk Areas. These due diligence measures include:

 

2


Company Management Systems

 

    Publishing and maintaining a conflict minerals policy and related procedures to address HII’s commitment to comply with the Rule. Our policy and procedures include commitments such as:

 

  ¡    To the extent practicable, and consistent with its contractual obligations to its customers, HII is committed to refraining from relationships that could knowingly result in:

 

    aiding, directly or indirectly, armed groups operating in the DRC through sales of 3TGs; or

 

    the willful concealment of information related to the transport of 3TGs from the DRC and their use in manufactured products.

 

  ¡    Sourcing components and materials from suppliers that share its ethical values. Our procedures outline the requirements to survey our suppliers and obtain necessary details to support compliance with the Rule. They further identify the functional parties within the Company responsible for supporting the Rule and assessing the presence of any inconsistencies associated with supplier responses.

 

    Utilizing electronic databases to collect RCOI responses from suppliers.

 

    Maintaining communications with our supply chain through supplier websites, which include Frequently Asked Questions from the Aerospace Industries Association (“AIA”).

 

    Employing mechanisms for interested persons to voice concerns or grievances, including our pre-existing OpenLine as the tool to capture and track concerns or grievances regarding aspects of the Rule either internally or externally. The OpenLine is available 24 hours a day, seven days a week, and can be accessed through either a phone number or website (1-877-631-0020, https://hii-openline.alertline.com/gcs/welcome).

Assess Supply Chain Risk

 

    Requiring suppliers as part of the purchase order process to represent if their products contain 3TGs, and, if so, to further require the suppliers to provide a completed HII-issued questionnaire, a completed GeSI template, or some other form containing information about the type and origin of 3TGs in their products.

 

    Including a purchase order clause that requires a supplier to provide HII an updated survey response if the status of any of their product(s) changes prior to final delivery.

 

    Embracing a practice through the inclusion of a purchase order clause that allows HII to either withhold up to 10% of the purchase order price or terminate the purchase order if HII determines that any representation made by the supplier is inaccurate or incomplete in any respect, or if the supplier fails to timely submit the information required by the clause.

Response to Supply Chain Risks

 

    Maintain membership and participation in the Manufacturer’s Alliance for Productivity and Innovation (“MAPI”), AIA, and the Electronic Industry Citizenship Coalition (“EICC”), to both participate in the development, and keep abreast, of industry “best practices” for conflict minerals due diligence efforts.

 

    Obtain and review published information about due diligence and the results of audits of smelters and refiners as performed and reported by the EICC and GeSI Conflict-Free Sourcing Initiative.

 

    Analyze supplier responses and evaluate information in a manner designed to provide the Company with a reasonable basis for its conclusions in the 2015 Form SD and this Conflict Minerals Report, including evaluating the raw number of supplier responses and relative dollar value of purchased products represented by such responses, as well as focusing on suppliers relevant to the Reporting Period.

 

    Supporting information-sharing systems within industry aimed at improving assessment of supplier due diligence in the supply chain of minerals from conflict-affected and high-risk areas.

 

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Carry out Independent Third Party Audit of Supply Chain Due Diligence at Identified Points in the Supply Chain

 

    Due to the downstream nature of our business, HII does not have direct relationships with smelters or refiners and therefore does not perform audits of these entities. HII, however, supports the efforts of organizations that conduct audits in order to confirm the conflict-free status of impacted smelters and refiners.

Report on Supply Chain Due Diligence

 

    This Conflict Minerals Report is our public annual report on the due diligence efforts of our supply chain.

INFORMATION REGARDING COUNTRY OF ORIGIN

As noted above, in response to HII’s country of origin inquiries, a limited number of HII’s suppliers indicated that, due to a lack of definitive information from their supply chains, certain of their products may contain one or more 3TGs sourced from the DRC; however, none of those suppliers reported finding any indication that such 3TGs may have been used to finance armed conflict in the DRC. Accordingly, HII believes that the results of its RCOI indicated that it was appropriate to conduct due diligence measures to obtain additional information, as described below.

HII engaged with each supplier that suggested possible sourcing of 3TGs from the DRC to obtain further supporting documentation for their statements. These suppliers were only able to provide either (i) conflict minerals disclosure on a company-wide basis in which they were unable to verify whether the specific products sold to HII contained 3TGs sourced from the DRC, or (ii) additional information that indicated the names and locations of known smelters from which their 3TGs may have originated, but without additional information to verify whether the 3TGs in their products sold to HII originated from the DRC, or that their RCOI was ongoing and not yet complete. Appendix A lists the smelters named by those suppliers, but the inclusion of a smelter in Appendix A does not indicate that HII products necessarily contain 3TGs processed by that smelter. Comparing the list of those smelters named in Appendix A to the Compliant Smelter Detailed Sourcing Information published by CFSI, as well as other publicly-available information, indicated the following:

 

  143 of the listed smelters had been audited as part of the CFSI initiative and were determined to source their 3TGs only from either countries other than those in and adjoining the DRC, or from conflict-free sources;

 

  13 of the listed smelters are in the process of arranging for or are being audited to determine if they source their 3TGs only from either countries other than the DRC and adjoining countries or otherwise from conflict-free sources; and

 

  82 of the listed smelters do not appear on the CFSI list. HII has insufficient information from or about these smelters to understand their sources for 3TGs.

As outlined in the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, the internationally recognized standard on which our Company’s system is based, we support an industry initiative that audits smelters’ and refiners’ due diligence activities. That industry initiative is the EICC and the CFSI. The data on which we relied for certain statements in this report was obtained through our membership in the CFSI, using the Reasonable Country of Origin Inquiry report available to CFSI members.

 

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ONGOING EFFORTS

HII is continuing its ongoing efforts to:

 

    Determine which supplier-provided products contain 3TGs;

 

    Obtain additional information from direct suppliers as well as others in or with knowledge of the supply chain as to whether their products contain 3TGs and, if so, the origin of those 3TGs, as additional conflict minerals and smelter information becomes available to the supply chain;

 

    Communicate knowledge and our expectations to suppliers about the type and level of detailed information needed by HII to understand the origin and source of 3TGs;

 

    Remain actively involved in and participate with industry and other groups, including MAPI, AIA, and the EICC, in order to ascertain best and leading practices and to obtain and share information that may assist in determining whether purchased products contain 3TGs and, if so, the origin of those 3TGs and whether the 3TGs were sourced from conflict-free sources; and

 

    Provide resources and information to non-issuer suppliers about the Securities and Exchange Commission’s conflict minerals reporting requirements as well as about the CFSI and other informative measures designed to educate about the importance of conflict-free sourcing.

APPENDIX A

Listed below are the smelters to which we previously referred in this report.

 

Mineral

  

Smelter name

  

Country

Tantalum    Changsha South Tantalum Niobium Co., Ltd.*    China
Tantalum    Conghua Tantalum and Niobium Smeltry*    China
Tantalum    Duoluoshan*    China
Tantalum    Exotech Inc.*    United States            
Tantalum    F&X Electro-Materials Ltd.*    China
Tantalum    Global Advanced Metals Aizu*    Japan
Tantalum    Global Advanced Metals Boyertown*    United States
Tantalum    Guangdong Zhiyuan New Material Co., Ltd.*    China
Tantalum    H.C. Starck Inc.*    United States
Tantalum    H.C. Starck GmbH Laufenburg*    Germany
Tantalum    Hengyang King Xing Lifeng New Materials Co., Ltd.*    China
Tantalum    Hi-Temp*    United States
Tantalum    JiuJiang JinXin Nonferrous Metals Co., Ltd.*    China
Tantalum    Jiujiang Tanbre Co., Ltd.*    China
Tantalum    KEMET Blue Powder*    United States
Tantalum    King-Tan Tantalum Industry Ltd*    China
Tantalum    LSM Brasil S.A.*    Brazil
Tantalum    Metallurgical Products India (Pvt.) Ltd.*    India
Tantalum    Mineração Taboca S.A.*    Brazil

 

5


Mineral

  

Smelter name

  

Country

Tantalum    Mitsui Mining & Smelting*    Japan
Tantalum    Molycorp Silmet A.S.*    Estonia
Tantalum    Ningxia Orient Tantalum Industry Co., Ltd.*    China
Tantalum    Plansee SE Liezen*    Austria
Tantalum    QuantumClean*    United States
Tantalum    RFH Tantalum Smeltry Co., Ltd*    China
Tantalum    Shanghai Jiangxi Metals Co. Ltd    China
Tantalum    Taki Chemicals*    Japan
Tantalum    Solikamsk Magnesium Works OAO*    Russian Federation
Tantalum    Telex*    United States
Tantalum    Ulba*    Kazakhstan
Tantalum    Yichun Jin Yang Rare Metal Co., Ltd*    China
Tantalum    Zhuzhou Cement Carbide*    China
Tin    Alpha*    United States            
Tin    China Rare Metal Materials Company*    China
Tin    China Tin Group Co., Ltd.    China
Tin    CNMC (Guangxi) PGMA Co. Ltd.    China
Tin    Cooper Santa*    Brazil
Tin    CV Serumpun Sebalai    Indonesia
Tin    CV United Smelting*    Indonesia
Tin    CV Gita Pesona    Indonesia
Tin    CV JusTindo    Indonesia
Tin    CV Makmur Jaya    Indonesia
Tin    CV Nurjanah    Indonesia
Tin    Dowa*    Japan
Tin    EM Vinto*    Bolivia
Tin    Estanho de Rondônia S.A.    Brazil
Tin    Fenix Metals    Poland
Tin    Gejiu Zi-Li    China
Tin    Gejiu Non-Ferrous Metal Processing Co. Ltd.*    China

 

6


Mineral

  

Smelter name

  

Country

Tin    Huichang Jinshunda Tin Co. Ltd    China
Tin    Jiangxi Nanshan    China
Tin    Gejiu Kai Meng Industry and Trade LLC    China
Tin    Linwu Xianggui Smelter Co    China
Tin    Malaysia Smelting Corporation (MSC)*    Malaysia
Tin    Melt Metais e Ligas S/A*    Brazil
Tin    Metallo Chimique    Belgium
Tin    Mineração Taboca S.A.*    Brazil
Tin    Minsur*    Peru
Tin    Mitsubishi Materials Corporation*    Japan
Tin    Novosibirsk Integrated Tin Works    Russian Federation
Tin    O.M. Manufacturing Philippines, Inc.    Philippines
Tin    O.M. Manufacturing (Thailand) Co., Ltd.    Thailand
Tin    OMSA*    Bolivia
Tin    PT Alam Lestari Kencana    Indonesia
Tin    PT ATD Makmur Mandiri Jaya*    Indonesia
Tin    PT Artha Cipta Langgeng*    Indonesia
Tin    PT Babel Surya Alam Lestari    Indonesia
Tin    PT Bangka Putra Karya*    Indonesia
Tin    PT Bangka Kudai Tin    Indonesia
Tin    PT Babel Inti Perkasa*    Indonesia
Tin    PT Bangka Timah Utama Sejahtera    Indonesia
Tin    PT Bangka Tin Industry*    Indonesia
Tin    PT Belitung Industri Sejahtera*    Indonesia
Tin    PT Bukit Timah*    Indonesia
Tin    PT DS Jaya Abadi*    Indonesia
Tin    PT Eunindo Usaha Mandiri*    Indonesia
Tin    PT HP Metals Indonesia    Indonesia
Tin    PT Inti Stania Prima    Indonesia
Tin    PT Koba Tin    Indonesia

 

7


Mineral

  

Smelter name

  

Country

Tin    PT Mitra Stania Prima*    Indonesia
Tin    PT Panca Mega Persada*    Indonesia
Tin    PT Pelat Timah Nusantara Tbk    Indonesia
Tin    PT Seirama Tin investment    Indonesia
Tin    PT Sumber Jaya Indah    Indonesia
Tin    PT Supra Sukses Trinusa    Indonesia
Tin    PT Tinindo Inter Nusa*    Indonesia
Tin    PT Tommy Utama    Indonesia
Tin    PT Yinchendo Mining Industry    Indonesia
Tin    PT Karimun Mining    Indonesia
Tin    PT Prima Timah Utama*    Indonesia
Tin    PT REFINED BANGKA TIN*    Indonesia
Tin    PT Sariwiguna Binasentosa*    Indonesia
Tin    PT Stanindo Inti Perkasa*    Indonesia
Tin    PT Tambang Timah*    Indonesia
Tin    PT Timah (Persero), Tbk*    Indonesia
Tin    Rui Da Hung    Taiwan
Tin    Soft Metais, Ltda.    Brazil
Tin    Thaisarco*    Thailand
Tin    White Solder Metalurgia e Mineração Ltda.*    Brazil
Tin    Yunnan Chengfeng Non-ferrous Metals Co.,Ltd.    China
Tin    Yunnan Tin Company, Ltd.*    China
Tungsten    Tejing (Vietnam) Tungsten Co., Ltd.**    Viet Nam
Tungsten    Vietnam Youngsun Tungsten Industry Co., Ltd*    Viet Nam
Tungsten    Wolfram Bergbau und Hütten AG*    Austria
Tungsten    Xiamen Tungsten (H.C.) Co., Ltd.*    China
Tungsten    Xiamen Tungsten Co., Ltd.*    China
Tungsten    Xinhai Rendan Shaoguan Tungsten Co., Ltd.*    China
Tungsten    A.L.M.T. Corp.**    Japan
Tungsten    Chongyi Zhangyuan Tungsten Co. LTD**    China

 

8


Mineral

  

Smelter name

  

Country

Tungsten    Guangdong Xianglu Tungsten Co., Ltd.**    China
Tungsten    Dayu Weiliang Tungsten Co., Ltd.**    China
Tungsten    Fujian Jinxin Tungsten Co., Ltd.*    China
Tungsten    Ganzhou Huaxing Tungsten Products Co., Ltd.*    China
Tungsten    Ganzhou Non-ferrous Metals Smelting Co., Ltd.**    China
Tungsten    Ganzhou Seadragon W & Mo Co., Ltd.*    China
Tungsten    Global Tungsten & Powders Corp.*    United States
Tungsten    H.C. Starck Smelting GmbH & Co.KG**    Germany
Tungsten    Hunan Chunchang Nonferrous Metals Co., Ltd.*    China
Tungsten    Japan New Metals Co., Ltd.*    Japan
Tungsten    Kennametal Fallon**    United States            
Tungsten    Kennametal Huntsville**    United States
Tungsten    Ganzhou Jiangwu Ferrotungsten Co., Ltd.*    China
Tungsten    Jiangxi Gan Bei Tungsten Co., Ltd.*    China
Tungsten    Jiangxi Richsea New Materials Co., Ltd.    China
Tungsten    Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.**    China
Tungsten    Jiangxi Yaosheng Tungsten Co., Ltd.**    China
Tungsten    Jiangxi Xinsheng Tungsten Industry Co., Ltd.**    China
Tungsten    Malipo Haiyu Tungsten Co., Ltd.*    China
Tungsten    Niagara Refining LLC**    United States
Tungsten    Wolfram Company CJSC    Russian Federation
Gold    Advanced Chemical Company    United States
Gold    Aida Chemical Industries Co. Ltd.*    Japan
Gold    Allgemeine Gold-und Silberscheideanstalt A.G.*    Germany
Gold    Almalyk Mining and Metallurgical Complex (AMMC)    Uzbekistan
Gold    AngloGold Ashanti Córrego do Sítio Minerção*    Brazil
Gold    Argor-Heraeus SA*    Switzerland
Gold    Asahi Pretec Corporation*    Japan
Gold    Asaka Riken Co Ltd    Japan
Gold    Atasay Kuyumculuk Sanayi Ve Ticaret A.S.*    Turkey

 

9


Mineral

  

Smelter name

  

Country

Gold    Aurubis AG*    Germany
Gold    Bangko Sentral ng Pilipinas (Central Bank of the Philippines)    Philippines
Gold    Bauer Walser AG    Germany
Gold    Boliden AB*    Sweden
Gold    C. Hafner GmbH + Co. KG*    Germany
Gold    Caridad    Mexico
Gold    CCR Refinery – Glencore Canada Corporation*    Canada
Gold    Cendres + Métaux SA    Switzerland
Gold    Chimet S.p.A.*    Italy
Gold    China National Gold Group Corporation    China
Gold    Chugai Mining    Japan
Gold    Colt Refining    United States            
Gold    Daejin Indus Co. Ltd    Korea, Republic Of
Gold    Daye Non-Ferrous Metals Mining Ltd.    China
Gold    Do Sung Corporation    Korea, Republic Of
Gold    Doduco    Germany
Gold    Dowa*    Japan
Gold    Eco-System Recycling Co., Ltd.*    Japan
Gold    FSE Novosibirsk Refinery    Russian Federation
Gold    Gansu Seemine Material Hi-Tech Co Ltd    China
Gold    Guangdong Jinding Gold Limited    China
Gold    Hangzhou Fuchunjiang Smelting Co., Ltd.    China
Gold    Heimerle + Meule GmbH*    Germany
Gold    Heraeus Ltd. Hong Kong*    Hong Kong
Gold    Heraeus Precious Metals GmbH & Co. KG*    Germany
Gold    Hunan Chenzhou Mining Group Co., Ltd.    China
Gold    Hwasung CJ Co. Ltd    Korea, Republic Of
Gold    Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited    China
Gold    Ishifuku Metal Industry Co., Ltd.*    Japan
Gold    Istanbul Gold Refinery*    Turkey

 

10


Mineral

  

Smelter name

  

Country

Gold    Japan Mint*    Japan
Gold    Jiangxi Copper Company Limited    China
Gold    Johnson Matthey Inc*    United States
Gold    Johnson Matthey Ltd*    Canada
Gold    JSC Ekaterinburg Non-Ferrous Metal Processing Plant*    Russian Federation
Gold    JSC Uralelectromed*    Russian Federation
Gold    JX Nippon Mining & Metals Co., Ltd.*    Japan
Gold    Kazzinc Ltd*    Kazakhstan
Gold    Kennecott Utah Copper LLC*    United States
Gold    Kojima Chemicals Co., Ltd*    Japan
Gold    Korea Metal Co. Ltd    Korea, Republic Of
Gold    Kyrgyzaltyn JSC    Kyrgyzstan
Gold    Lingbao Gold Company Limited    China
Gold    Lingbao Jinyuan Tonghui Refinery Co. Ltd.    China
Gold    LS-NIKKO Copper Inc.*    Korea, Republic Of
Gold    Luoyang Zijin Yinhui Metal Smelt Co Ltd    China
Gold    Materion*    United States
Gold    Matsuda Sangyo Co., Ltd.*    Japan
Gold    Metallurgica Met-Mex Peñoles, S.A.*    Mexico
Gold    Metalor Technologies (Hong Kong) Ltd*    Hong Kong
Gold    Metalor Technologies (Singapore) Pte. Ltd.*    Singapore
Gold    Metalor Technologies SA*    Switzerland
Gold    Metalor USA Refining Corporation*    United States
Gold    Mitsubishi Materials Corporation*    Japan
Gold    Mitsui Mining and Smelting Co., Ltd.*    Japan
Gold    Moscow Special Alloys Processing Plant    Russian Federation
Gold    Nadir Metal Rafineri San. Ve Tic. A.Ş.*    Turkey
Gold    Navoi Mining and Metallurgical Combinat    Uzbekistan
Gold    Nihon Material Co. LTD*    Japan
Gold    Ohio Precious Metals, LLC*    United States            

 

11


Mineral

  

Smelter name

  

Country

Gold    Ohura Precious Metal Industry Co., Ltd*    Japan
Gold    OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastvetmet)*    Russian Federation
Gold    OJSC Kolyma Refinery    Russian Federation
Gold    PAMP SA*    Switzerland
Gold    Penglai Penggang Gold Industry Co Ltd    China
Gold    Prioksky Plant of Non-Ferrous Metals    Russian Federation
Gold    PT Aneka Tambang (Persero) Tbk*    Indonesia
Gold    PX Précinox SA*    Switzerland
Gold    Rand Refinery (Pty) Ltd*    South Africa
Gold    Royal Canadian Mint*    Canada
Gold    Sabin Metal Corp.    United States
Gold    Samduck Precious Metals    Korea, Republic Of
Gold    SAMWON METALS Corp.    Korea, Republic Of
Gold    Schone Edelmetaal*    Netherlands
Gold    SEMPSA Joyería Platería SA*    Spain
Gold    Shandong Zhaojin Gold & Silver Refinery Co. Ltd*    China
Gold    So Accurate Group, Inc.    United States
Gold    SOE Shyolkovsky Factory of Secondary Precious Metals    Russian Federation
Gold    Solar Applied Materials Technology Corp.*    Taiwan
Gold    Sumitomo Metal Mining Co., Ltd.*    Japan
Gold    Tanaka Kikinzoku Kogyo K.K.*    Japan
Gold    The Great Wall Gold and Silver Refinery of China    China
Gold    The Refinery of Shandong Gold Mining Co. Ltd*    China
Gold    Tokuriki Honten Co., Ltd*    Japan
Gold    Torecom    Korea, Republic Of
Gold    Umicore Brasil Ltda*    Brazil
Gold    Umicore Precious Metals Thailand*    Thailand
Gold    Umicore SA Business Unit Precious Metals Refining*    Belgium
Gold    United Precious Metal Refining, Inc.*    United States            
Gold    Valcambi SA*    Switzerland

 

12


Mineral

  

Smelter name

  

Country

Gold    Western Australian Mint trading as The Perth Mint*    Australia
Gold    YAMAMOTO PRECIOUS METAL CO., LTD.*    Japan
Gold    Yokohama Metal Co Ltd    Japan
Gold    Yunnan Copper Industry Co Ltd    China
Gold    Zhongyuan Gold Smelter of Zhongjin Gold Corporation*    China
Gold    Zijin Mining Group Co. Ltd*    China

 

* Denotes smelters verified as conflict-free by CFSI
** Denotes smelters currently pursuing or undergoing audit by CFSI to determine their conflict-free status

As outlined in the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, the internationally recognized standard on which our Company’s system is based, we support an industry initiative that audits smelters’ and refiners’ due diligence activities. That industry initiative is the EICC and the CFSI. The data on which we relied for certain statements in this report was obtained through our membership in the CFSI.

 

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