EX-1.01 2 a18-14783_1ex1d01.htm EX-1.01

Exhibit 1.01

 

Regal Beloit Corporation
 Conflict Minerals Report
 For the Year Ended December 31, 2017

 

This Conflict Minerals Report (the “Report”) of Regal Beloit Corporation (the “Company,” “we,” “Regal,” “us,” “our”) has been prepared pursuant to Rule 13p-1 promulgated under the Securities Exchange Act of 1934, as amended (the “Rule”), for the reporting period January 1, 2017 to December 31, 2017.

 

The Rule requires disclosure of certain information when a company manufactures or contracts to manufacture products and the conflict minerals specified in the Rule are intentionally added and necessary to the functionality or production of those products.  Conflict Minerals are defined in section 13(p) as (A) cassiterite, columbite-tantalite (coltan), gold, wolframite, and their derivatives, which are limited to tin, tantalum and tungsten or (B) any other mineral or its derivatives determined by the Secretary of State to be financing conflict in the Democratic Republic of the Congo (“DRC”) or any adjoining country that shares an internationally recognized border with the DRC. The specified minerals, which we collectively refer to in this Report as the “3TGs,” are gold, tantalum, tin and tungsten, respectively.  The “Covered Countries” for the purposes of this Report are the DRC and the adjoining countries.  As described in this Report, during the reporting period between January 1, 2017 and December 31, 2017, certain of the Company’s operations manufactured, or contracted to manufacture, products for which the 3TGs are intentionally added and necessary to the functionality or production.

 

Forward-looking Statements

 

Statements we make in this Conflict Minerals Report, which express a belief, expectation or intention, as well as those that are not historical fact, are forward-looking statements, including statements relating to our compliance efforts and expected actions identified under the “Process Improvement Considerations” section of this Report. These forward-looking statements are subject to various risks, uncertainties and assumptions, including, among other things, our ability to implement improvements in our conflict minerals program and identify and mitigate related risks in our supply chain. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, see our other filings with the Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2017. Undue reliance should not be placed on these forward-looking statements, which are effective only as of the date of this report, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

 

Summary

 

Through our Reasonable Country of Origin Inquiry (“RCOI”) and due diligence efforts, we identified twenty-one (21) smelters and/or refiners (“SORs”) as either sourcing Conflict Minerals from the Covered Countries or giving us reason to believe they are sourcing Conflict Minerals from the Covered Countries. Each of those 21 smelters is recognized as conformant with the Responsible Minerals Assurance Process (“RMAP”).  The following sections describe in detail our RCOI, our due diligence framework, and the results of our due diligence efforts.

 

1



 

Company Overview

 

We are a global manufacturer of electric motors and controls, electric generators and controls, and mechanical motion control products.

 

Description of the Company’s Products Covered by this Report

 

This Report relates to products: (i) for which the 3TGs are intentionally added and necessary to the functionality or production of that product; (ii) that were manufactured, or contracted to be manufactured, by the Company; and (iii) for which the manufacture was completed during calendar year 2017.

 

These products, which are referred to in this Report collectively as the “Covered Products,” are the following:

 

1.                 Electric motors and controls (may contain tin and tin and gold respectively)

2.                 Electric generators and controls (may contain tin and tin and gold respectively)

3.                 Electric motor capacitors (may contain tin)

4.                 Gear reducers (may contain tin)

5.                 Electronic switchgears (may contain tin and gold)

6.                 Actuators (may contain tin, gold, tantalum and tungsten)

7.                 Servo systems (may contain tin, gold, tantalum and tungsten)

8.                 Conveyor systems (may contain tin, gold, tantalum and tungsten)

9.                 Power transmission products including gearboxes, transfer cases, transmissions, worm gears and other gears (may contain tin)

10.            Drive systems and controllers (may contain tin, gold, tantalum and tungsten)

11.            Loadbanks (may contain tin, gold, tantalum and tungsten)

12.            Other electrical/electronic components (may contain tin, gold, tantalum and tungsten)

 

Reasonable Country of Origin Inquiry

 

Our supply chain with respect to the Covered Products is complex, and there are many third parties in the supply chain between us as the manufacturer of the Covered Products and the original sources of 3TGs.  In this regard, we do not typically purchase Conflict Minerals directly from mines, smelters or refiners.  We must therefore rely on our suppliers to provide information regarding the origin of 3TGs that are included in the Covered Products.  Moreover, we believe that the smelters and refiners of the 3TGs are best situated to identify the sources of 3TGs, and therefore have taken steps to identify the applicable smelters and refiners of 3TGs in our supply chain.

 

To determine whether 3TGs necessary to our products originated in the Covered Countries, we retained a third-party service provider to assist us in reviewing and surveying our supply chain. We believe that we conducted a good faith reasonable country of origin inquiry (“RCOI”) to provide a reasonable basis for us to determine whether we source 3TGs from the Covered Countries.  This good faith RCOI was designed to determine whether any of the 3TGs originated in the Covered Countries and whether any of the 3TGs may be from recycled or scrap sources.  We are utilizing the supplier engagement approach outlined by the Responsible Minerals Initiative (“RMI”), including the utilization of their Conflict Minerals Reporting Template version 5.0 and higher (“CMRT”).

 

2



 

As the first step in our RCOI, we determined which of our products would most likely contain the 3TGs.  After review, it was decided that substantially all of the products that we manufacture are Covered Products. Using our supply chain data systems, we refined our list of suppliers by filtering out service providers, indirect materials suppliers, and inactive suppliers. It was deemed appropriate not to filter this list any further. When key contact information for in-scope suppliers was not available in our systems, we initiated a process to gather that information.

 

Once supplier contact information was obtained, that information as well as the applicable part information was uploaded into our third-party service provider’s web-based compliance tool. We then conducted the supplier survey portion of the RCOI. Our in-scope suppliers were contacted via our third-party provider’s Software as a Service (“SaaS”) platform that enables its users to complete and track supplier communications, and request that suppliers complete and upload a CMRT directly to the platform for assessment and management for the products they provide to us.  Included in the supplier requests was a link to our Conflict Minerals Policy (“Policy”) to reinforce our commitment to sourcing responsibly and to make clear the responsibility of each of our suppliers to support us to fulfill this commitment.

 

As indicated in our Policy, we require suppliers to provide their Conflict Minerals information using the CMRT.  To provide suppliers flexibility, we allowed them to provide their responses to the CMRT by submitting their completed CMRT via e-mail or by uploading the CMRT directly to our service provider’s software portal.

 

During our review and analysis of the submitted CMRTs, it was clear that many suppliers erroneously assumed that the country of operation of the smelter as listed in the CMRT was the country of origin of the Conflict Minerals.  This led to incorrect and inconsistent responses to many of the questions in the submitted CMRTs.

 

Supplier communications were tracked and all non-responsive suppliers were contacted a minimum of three times. Our third-party service provider also included automated data validation on all submitted CMRTs. The goal of this step is to increase the accuracy and validity of submission and identify contradictory answers. Any invalid responses were flagged and those suppliers were contacted and encouraged to resubmit a valid form. As of May 11, 2018 43% of our in scope suppliers submitted a valid CMRT. All final CMRT submissions were then reviewed to identify smelters or refiners in our supply chain which was then cross-referenced with the RMI data in order to conduct the RCOI.

 

Because of recent acquisitions as well as better supplier contact information, we expanded our RCOI from 3,442 suppliers contacted for the 2016 reporting period to 3,709 suppliers for the 2017 reporting period.  The supplier response rate to our RCOI was approximately 53%.

 

3



 

Conflict Minerals Policy

 

We developed our Policy and initially published it on our website in April 2013.  Our Policy can be viewed at http://investors.regalbeloit.com/investors/corporate-governance/integrity-and-compliance/default.aspx.  Further, Regal supports conflict-free minerals trade in the DRC and Covered Countries and will not avoid sourcing from conflict-free organizations in the region.

 

Design of Due Diligence

 

Our due diligence measures have been designed to conform, in all material respects, with the framework in the Organisation for Economic Co-operation and Development Due Diligence Guidance for Responsible Supply Chain of Minerals from Conflict-Affected and High Risk Areas: Third Edition, including the related supplements on gold, tin, tantalum and tungsten (the “OECD Guidance”).  We utilize all five steps of the OECD Guidance for downstream companies.

 

Establish Strong Company Management Systems

 

Control Systems

 

Regal is committed to sourcing conflict-free minerals from the DRC and Covered Countries, and as such, we have communicated our Policy to our suppliers and customers. Our Policy was provided to suppliers during our RCOI process. Our Policy is provided to customers requesting Conflict Minerals information.  This Policy is publicly available on our website as discussed above.

 

In addition to our efforts directly related to Conflict Minerals, Regal maintains a strong company commitment to conducting business in an ethical manner as detailed in our Code of Business Conduct & Ethics as well as our Global Anti-Corruption Policy, both of which are also available on our website ( http://investors.regalbeloit.com/investors/corporate-governance/integrity-and-compliance/default.aspx).  These documents detail how we conduct our business.

 

Internal Team

 

Consistent with the OECD Guidance, we formed an internal team tasked with supporting supply chain due diligence.  This team consists of vice presidents from the following functional groups: Legal, Supply Chain, Technology, and Environmental, Health, Safety and Sustainability (EHSS).  Additional members of the committee included the Director of Supplier Quality and Development and our materials compliance manager.  As needed, we also called upon the vice president of Information Technology and other groups for support.

 

Supplier Engagement

 

We utilized the RMI’s RMAP as a compliance standard for upstream due diligence. We have implemented an RCOI process. As a part of Regal’s Standard Terms and Conditions of Purchase, companies selling products to Regal are required to implement a policy regarding conflict minerals, to exercise due diligence in investigating the source of these minerals, and to respond in a timely manner to Regal’s requests for evidence of their compliance with these requirements.  Conflict minerals compliance is also included as a requirement in our Supplier Quality Manual.  Conflict minerals compliance process and documentation review are requirements of our Supplier Audit Assessment and Production Part Approval Process.

 

4



 

Grievance Mechanisms

 

We have an Integrity Alert line through which suppliers, customers, company employees or any interested stakeholder can communicate their thoughts, concerns and grievances regarding Conflict Minerals or, more generally, any of our business practices.  A link to our Integrity Alert Line is available here. ( http://investors.regalbeloit.com/investors/corporate-governance/integrity-and-compliance/default.aspx)

 

Maintain Records

 

All responses from suppliers and source smelters are recorded and stored for a minimum of five years.

 

Identify and Assess Risk in the Supply Chain

 

For upstream due diligence, we have adopted the processes and protocols of the RMAP. Risks are identified automatically in our third-party provider’s system based on criteria established for supplier responses in the system. The primary risk that we identified with respect to reporting year 2017 was with respect to the nature of the responses we received. A large number of the responses we received provided data at a company or divisional level.

 

We do not typically have a direct relationship with 3TG smelters and refiners and do not perform or direct audits of these entities within our supply chain. Our third-party provider compared the facilities listed in the responses to the list of smelters and refiners maintained by the RMI and, if a supplier indicated that the facility was certified as “Conflict-Free,” confirmed that the name was listed by the RMI. As of May 11, 2018, we have identified 320 legitimate smelters or refiners and are working to validate the additional smelter/refiner entries from the submitted CMRTs. Due to the provision of primarily company-level CMRTs, we cannot definitively determine their connection to our products.

 

We believe that all 3TGs “necessary to the functionality of the products” have been identified, the suppliers of those 3TGs have been identified, and smelter data has been collected from those that responded to our RCOI.  Responses provided by suppliers have undergone a review for accuracy.

 

Design and Implement a Strategy to Respond to Identified Risks

 

We have implemented a plan to report Conflict Minerals findings to Charles A. Hinrichs (the “CFO”), Vice President, Chief Financial Officer, who is the member of senior management appointed for this role. A process has been adopted to aggregate and update the list of smelters.  Furthermore, a process has been adopted to review supplier responses, follow up with delinquent suppliers, and update supplier information.  A risk management process has been adopted that manages smelters that cannot provide country of origin information, identifies red-flag smelters, tracks and records compliance information for individual smelters, and communicates these results back to the CFO.  We require new suppliers to complete a CMRT as part of becoming an approved supplier to Regal Beloit.

 

5



 

Carry out an Independent Third Party Audit of Refiner’s Due Diligence Practices

 

We have utilized the risk management and due diligence processes of the RMAP and the RMAP’s independent third party audit process performed on smelters that source from the Covered Countries.  This includes other programs accepted by the RMAP, including the certification processes of the London Bullion Market Association (LBMA), The Responsible Jewellery Council (RJC), and the Tungsten Industry — Conflict Minerals Council (TI-CMC).  To be identified as conflict free, we require smelters to be compliant with the requirements of the RMAP if they are sourcing from the Covered Countries.

 

Report on Supply Chain Due Diligence

 

In accordance with the OECD Guidance and the Conflict Minerals Rule, this Conflict Minerals Report is also available on our website ( http://investors.regalbeloit.com/investors/financial-information/sec-filings/default.aspx). Through our membership with the RMI, we encouraged smelters or refiners to participate in the RMI Responsible Minerals Assurance Process. Any smelters or refiners that were reported by our suppliers who were not part of the RMAP were also contacted directly to encourage them to participate in the RMAP.

 

Due Diligence Results

 

For all responses that indicated a smelter, our third-party provider compared the facilities listed to the list of smelters maintained by the RMI. If a supplier indicated that the facility was certified as “Conflict-Free,” our vendor confirmed that the name was listed by the RMI as a validated conflict-free smelter. As of May 11, 2018, we have identified 320 smelters or refiners that were reported by our suppliers via the CMRT. Annex I lists, to the best of our knowledge, the majority of the smelters and refiners that the suppliers we surveyed reported as being in their supply chains. We have not listed in Annex I any smelters or refiners that we have not been able to validate. Annex II includes an aggregate list of the countries of origin from which the reported facilities collectively source conflict minerals, based on information provided by suppliers and the RMI.

 

Based on the smelter list provided by suppliers via the CMRTs and publicly available information, we have identified 257 smelters that are deemed RMAP Conformant — this indicates these smelters or refiners are conformant with the RMAP assessment protocols. There are eleven (11) more smelters or refiners that are deemed RMAP Active - smelters and refiners on the Active list have committed to undergo a RMAP audit or are participating in one of the cross-recognized certification programs: LBMA Responsible Gold Certification or Responsible Jewellry Program Chain-of-Custody Certification. The remaining 52 smelters listed have not yet been confirmed as Conflict-Free. We have assessed these facilities and determined that most of these are of low risk due to their geographic location.

 

All of the 21 smelters either identified as sourcing conflict minerals from Covered Countries or those which Regal Beloit has reason to believe source conflict minerals from the Covered Countries were compliant with the RMAP assessment.

 

6



 

Risk Mitigation Process

 

The following is an outline of the process we have developed and are currently working relative to the suppliers who have indicated that red flag smelters are in their supply chains and thus Regal’s.

 

·                  Since the suppliers provided company or divisional level information during our RCOI rather than part specific information, we will conduct a review of engineering drawings and material specifications and conduct chemical analysis as appropriate to identify which if any of the parts supplied by the suppliers contain gold.  If described information is inconclusive, engage with the supplier to confirm the presence of gold in accordance with the requirements of the SEC rules, in the parts being supplied to Regal.

 

·                  For parts where gold is confirmed intentionally added and necessary to functionality, request smelter information specific to the gold or tin used in those parts.

 

·                  If the smelters so identified are linked to the gold used in the parts, ensure that suppliers are actively trying to remove these smelters from their supply chains and will communicate with Regal the results of their activities.

 

·                  For suppliers failing to actively remove or failing to communicate their progress to remove these smelters from their supply chains, Regal will initiate further escalation steps with the supplier up to removing these suppliers from our supply chain.

 

Facility and Mine Information

 

Based on the information provided by our suppliers and our own due diligence efforts, we believe that, to the best of our knowledge, the majority of the smelters that may have been used to process the Conflict Minerals in our products include the smelters listed in Annex 1 below.  Information regarding the mines from which minerals processed at these smelters were sourced is not always publicly available and was not disclosed by these smelters. Accordingly, we are not able to identify with certainty all of the countries of origin of the conflict minerals processed at the indicated smelters.

 

7



 

Additional Risk Factors

 

The statements above are based on the RCOI process and due diligence performed in good faith by Regal Beloit Corporation.  A number of factors could introduce errors or otherwise affect our conclusion.  These factors include, but are not limited to the following:

 

1.                 Gaps in supplier data

2.                 Gaps in knowledge of the chemistry of the component parts and materials provided by suppliers

3.                 Gaps in smelter data and the source of their conflict minerals

4.                 Errors or omissions in survey responses provided by suppliers

5.                 Errors or omissions by smelters

6.                 Gaps in supplier education and knowledge

7.                 Supplier uncertainty regarding country of operation of the smelter and/or refiner versus country of origin of the conflict minerals

8.                 Not all instances of conflict minerals necessary to the functionality or production of our Covered Products were identified

9.                 Timeliness of data

10.            Public information not discovered during a reasonable search

11.            Errors in public data

12.            Language barriers and translation

13.            Supplier and smelter unfamiliarity with the protocol relating to the Rule

14.            Oversights or errors in conflict free smelter audits

15.            DRC-sourced materials being declared secondary materials

16.            Companies going out of business in 2017

17.            Certification programs not being equally advanced for all industry segments and metals

18.            Smuggling of DRC conflict minerals to countries beyond the Covered Countries

 

Process Improvement Considerations

 

We intend to take the following steps to improve our processes surrounding conflict minerals to further mitigate any risk that the necessary conflict minerals in our Covered Products could benefit armed groups in the Covered Countries:

 

1.                 Engage with suppliers and direct them to training resources to attempt to increase the response rate and to improve the quality of the content of suppliers’ conflict minerals information, especially smelter information.

2.                 Identify those suppliers who do not have a conflict minerals program and work with the suppliers to set up a program.

3.                 Engage with suppliers to encourage them to implement responsible sourcing and to have them encourage smelters and refiners to obtain a “conflict-free” designation from an independent third-party auditor.

4.                 For suppliers found to be using smelters sourcing from, or for which we have reason to believe are sourcing from, the Covered Countries and who are not conformant with the requirements of the RMAP, we encourage them to use RMAP compliant smelters.

5.                 Expand our knowledge of the chemistry of the component parts and materials contained in our Covered Products by conducting chemical analysis and/or requesting specific chemical information from our suppliers on each component part or material used in the Covered Products to further identify those suppliers providing conflict minerals and their derivatives.  To date we have conducted analysis of over 18,000 materials used in over 7,500 component parts.

 

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Annex I

 

List of Smelters and Refiners Identified in Regal Beloit Corporation’s Supply Chain

 

Subject
Mineral

 

Smelter or Refiner Name

 

Country Location of
Smelter or Refiner

Gold

 

Abington Reldan Metals, LLC

 

UNITED STATES

Gold

 

Advanced Chemical Company

 

UNITED STATES

Gold

 

African Gold Refinery

 

UGANDA

Gold

 

Aida Chemical Industries Co., Ltd.

 

JAPAN

Gold

 

Al Etihad Gold LLC

 

UNITED ARAB EMIRATES

Gold

 

Allgemeine Gold-und Silberscheideanstalt A.G.

 

GERMANY

Gold

 

Almalyk Mining and Metallurgical Complex (AMMC)

 

UZBEKISTAN

Gold

 

AngloGold Ashanti Córrego do Sítio Mineração

 

BRAZIL

Gold

 

Argor-Heraeus S.A.

 

SWITZERLAND

Gold

 

Asahi Pretec Corp.

 

JAPAN

Gold

 

Asahi Refining Canada Ltd.

 

CANADA

Gold

 

Asahi Refining USA Inc.

 

UNITED STATES

Gold

 

Asaka Riken Co., Ltd.

 

JAPAN

Gold

 

Atasay Kuyumculuk Sanayi Ve Ticaret A.S.

 

TURKEY

Gold

 

AU Traders and Refiners

 

SOUTH AFRICA

Gold

 

Aurubis AG

 

GERMANY

Gold

 

Bangalore Refinery

 

INDIA

Gold

 

Bangko Sentral ng Pilipinas (Central Bank of the Philippines)

 

PHILIPPINES

Gold

 

Boliden AB

 

SWEDEN

Gold

 

C. Hafner GmbH + Co. KG

 

GERMANY

Gold

 

Caridad

 

MEXICO

Gold

 

CCR Refinery - Glencore Canada Corporation

 

CANADA

Gold

 

Cendres + Métaux S.A.

 

SWITZERLAND

Gold

 

Chimet S.p.A.

 

ITALY

Gold

 

Chugai Mining

 

JAPAN

Gold

 

Daejin Indus Co., Ltd.

 

KOREA, REPUBLIC OF

Gold

 

Daye Non-Ferrous Metals Mining Ltd.

 

CHINA

Gold

 

Degussa Sonne / Mond Goldhandel GmbH

 

GERMANY

Gold

 

DODUCO Contacts and Refining GmbH

 

GERMANY

Gold

 

Dowa

 

JAPAN

Gold

 

DS PRETECH Co., Ltd.

 

KOREA, REPUBLIC OF

Gold

 

DSC (Do Sung Corporation)

 

KOREA, REPUBLIC OF

Gold

 

Eco-System Recycling Co., Ltd.

 

JAPAN

Gold

 

Elemetal Refining, LLC

 

UNITED STATES

Gold

 

Emirates Gold DMCC

 

UNITED ARAB EMIRATES

Gold

 

Fidelity Printers and Refiners Ltd.

 

ZIMBABWE

Gold

 

GCC Gujrat Gold Centre Pvt. Ltd.

 

INDIA

Gold

 

Geib Refining Corporation

 

UNITED STATES

 



 

Gold

 

Gold Refinery of Zijin Mining Group Co., Ltd.

 

CHINA

Gold

 

Great Wall Precious Metals Co., Ltd. of CBPM

 

CHINA

Gold

 

Guangdong Jinding Gold Limited

 

CHINA

Gold

 

Guoda Safina High-Tech Environmental Refinery Co., Ltd.

 

CHINA

Gold

 

Hangzhou Fuchunjiang Smelting Co., Ltd.

 

CHINA

Gold

 

HeeSung

 

KOREA, REPUBLIC OF

Gold

 

Heimerle + Meule GmbH

 

GERMANY

Gold

 

Heraeus Metals Hong Kong Ltd.

 

CHINA

Gold

 

Heraeus Precious Metals GmbH & Co. KG

 

GERMANY

Gold

 

Hunan Chenzhou Mining Co., Ltd.

 

CHINA

Gold

 

Hwasung CJ Co., Ltd.

 

KOREA, REPUBLIC OF

Gold

 

Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.

 

CHINA

Gold

 

Ishifuku Metal Industry Co., Ltd.

 

JAPAN

Gold

 

Istanbul Gold Refinery

 

TURKEY

Gold

 

Italpreziosi

 

ITALY

Gold

 

Japan Mint

 

JAPAN

Gold

 

Jiangxi Copper Co., Ltd.

 

CHINA

Gold

 

JSC Ekaterinburg Non-Ferrous Metal Processing Plant

 

RUSSIAN FEDERATION

Gold

 

JSC Uralelectromed

 

RUSSIAN FEDERATION

Gold

 

JX Nippon Mining & Metals Co., Ltd.

 

JAPAN

Gold

 

Kaloti Precious Metals

 

UNITED ARAB EMIRATES

Gold

 

Kazakhmys Smelting LLC

 

KAZAKHSTAN

Gold

 

Kazzinc

 

KAZAKHSTAN

Gold

 

Kennecott Utah Copper LLC

 

UNITED STATES

Gold

 

KGHM Polska Miedz Spolka Akcyjna

 

POLAND

Gold

 

Kojima Chemicals Co., Ltd.

 

JAPAN

Gold

 

Korea Zinc Co., Ltd.

 

KOREA, REPUBLIC OF

Gold

 

Kyrgyzaltyn JSC

 

KYRGYZSTAN

Gold

 

Kyshtym Copper-Electrolytic Plant ZAO

 

RUSSIAN FEDERATION

Gold

 

L’azurde Company For Jewelry

 

SAUDI ARABIA

Gold

 

Lingbao Gold Co., Ltd.

 

CHINA

Gold

 

Lingbao Jinyuan Tonghui Refinery Co., Ltd.

 

CHINA

Gold

 

L’Orfebre S.A.

 

ANDORRA

Gold

 

LS-NIKKO Copper Inc.

 

KOREA, REPUBLIC OF

Gold

 

Luoyang Zijin Yinhui Gold Refinery Co., Ltd.

 

CHINA

Gold

 

Marsam Metals

 

BRAZIL

Gold

 

Materion

 

UNITED STATES

Gold

 

Matsuda Sangyo Co., Ltd.

 

JAPAN

Gold

 

Metalor Technologies (Hong Kong) Ltd.

 

CHINA

Gold

 

Metalor Technologies (Singapore) Pte., Ltd.

 

SINGAPORE

Gold

 

Metalor Technologies (Suzhou) Ltd.

 

CHINA

Gold

 

Metalor Technologies S.A.

 

SWITZERLAND

Gold

 

Metalor USA Refining Corporation

 

UNITED STATES

Gold

 

Metalúrgica Met-Mex Peñoles S.A. De C.V.

 

MEXICO

Gold

 

Mitsubishi Materials Corporation

 

JAPAN

Gold

 

Mitsui Mining and Smelting Co., Ltd.

 

JAPAN

Gold

 

MMTC-PAMP India Pvt., Ltd.

 

INDIA

Gold

 

Modeltech Sdn Bhd

 

MALAYSIA

 



 

Gold

 

Morris and Watson

 

NEW ZEALAND

Gold

 

Morris and Watson Gold Coast

 

AUSTRALIA

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

 

NH Recytech Company

 

KOREA, REPUBLIC OF

Gold

 

Nihon Material Co., Ltd.

 

JAPAN

Gold

 

Ögussa Österreichische Gold- und Silber-Scheideanstalt GmbH

 

AUSTRIA

Gold

 

Ohura Precious Metal Industry Co., Ltd.

 

JAPAN

Gold

 

OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastsvetmet)

 

RUSSIAN FEDERATION

Gold

 

OJSC Novosibirsk Refinery

 

RUSSIAN FEDERATION

Gold

 

PAMP S.A.

 

SWITZERLAND

Gold

 

Pease & Curren

 

UNITED STATES

Gold

 

Penglai Penggang Gold Industry Co., Ltd.

 

CHINA

Gold

 

Planta Recuperadora de Metales SpA

 

CHILE

Gold

 

Prioksky Plant of Non-Ferrous Metals

 

RUSSIAN FEDERATION

Gold

 

PT Aneka Tambang (Persero) Tbk

 

INDONESIA

Gold

 

PX Précinox S.A.

 

SWITZERLAND

Gold

 

Rand Refinery (Pty) Ltd.

 

SOUTH AFRICA

Gold

 

Refinery of Seemine Gold Co., Ltd.

 

CHINA

Gold

 

Remondis Argentia B.V.

 

NETHERLANDS

Gold

 

Republic Metals Corporation

 

UNITED STATES

Gold

 

Royal Canadian Mint

 

CANADA

Gold

 

SAAMP

 

FRANCE

Gold

 

Sabin Metal Corp.

 

UNITED STATES

Gold

 

Safimet S.p.A

 

Italy

Gold

 

SAFINA A.S.

 

CZECH REPUBLIC

Gold

 

Sai Refinery

 

INDIA

Gold

 

Samduck Precious Metals

 

KOREA, REPUBLIC OF

Gold

 

SAMWON Metals Corp.

 

KOREA, REPUBLIC OF

Gold

 

SAXONIA Edelmetalle GmbH

 

GERMANY

Gold

 

Schone Edelmetaal B.V.

 

NETHERLANDS

Gold

 

SEMPSA Joyería Platería S.A.

 

SPAIN

Gold

 

Shandong Tiancheng Biological Gold Industrial Co., Ltd.

 

CHINA

Gold

 

Shandong Zhaojin Gold & Silver Refinery Co., Ltd.

 

CHINA

Gold

 

Sichuan Tianze Precious Metals Co., Ltd.

 

CHINA

Gold

 

Singway Technology Co., Ltd.

 

TAIWAN

Gold

 

SOE Shyolkovsky Factory of Secondary Precious Metals

 

RUSSIAN FEDERATION

Gold

 

Solar Applied Materials Technology Corp.

 

TAIWAN

Gold

 

State Research Institute Center for Physical Sciences and Technology

 

LITHUANIA

Gold

 

Sumitomo Metal Mining Co., Ltd.

 

JAPAN

Gold

 

SungEel HiTech

 

KOREA, REPUBLIC OF

Gold

 

T.C.A S.p.A

 

ITALY

Gold

 

Tanaka Kikinzoku Kogyo K.K.

 

JAPAN

Gold

 

The Refinery of Shandong Gold Mining Co., Ltd.

 

CHINA

Gold

 

Tokuriki Honten Co., Ltd.

 

JAPAN

Gold

 

Tongling Nonferrous Metals Group Co., Ltd.

 

CHINA

Gold

 

Tony Goetz NV

 

BELGIUM

 



 

Gold

 

TOO Tau-Ken-Altyn

 

KAZAKHSTAN

Gold

 

Torecom

 

KOREA, REPUBLIC OF

Gold

 

Umicore Brasil Ltda.

 

BRAZIL

Gold

 

Umicore Precious Metals Thailand

 

THAILAND

Gold

 

Umicore S.A. Business Unit Precious Metals Refining

 

BELGIUM

Gold

 

United Precious Metal Refining, Inc.

 

UNITED STATES

Gold

 

Universal Precious Metals Refining Zambia

 

ZAMBIA

Gold

 

Valcambi S.A.

 

SWITZERLAND

Gold

 

Western Australian Mint trading as The Perth Mint

 

AUSTRALIA

Gold

 

WIELAND Edelmetalle GmbH

 

GERMANY

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

Tantalum

 

Asaka Riken Co., Ltd.

 

JAPAN

Tantalum

 

Changsha South Tantalum Niobium Co., Ltd.

 

CHINA

Tantalum

 

D Block Metals, LLC

 

UNITED STATES

Tantalum

 

Duoluoshan

 

CHINA

Tantalum

 

Exotech Inc.

 

UNITED STATES

Tantalum

 

F&X Electro-Materials Ltd.

 

CHINA

Tantalum

 

FIR Metals & Resource Ltd.

 

CHINA

Tantalum

 

Global Advanced Metals Aizu

 

JAPAN

Tantalum

 

Global Advanced Metals Boyertown

 

UNITED STATES

Tantalum

 

Guangdong Rising Rare Metals-EO Materials Ltd.

 

CHINA

Tantalum

 

Guangdong Zhiyuan New Material Co., Ltd.

 

CHINA

Tantalum

 

H.C. Starck Co., Ltd.

 

THAILAND

Tantalum

 

H.C. Starck Hermsdorf GmbH

 

GERMANY

Tantalum

 

H.C. Starck Inc.

 

UNITED STATES

Tantalum

 

H.C. Starck Ltd.

 

JAPAN

Tantalum

 

H.C. Starck Smelting GmbH & Co. KG

 

GERMANY

Tantalum

 

H.C. Starck Tantalum and Niobium GmbH

 

GERMANY

Tantalum

 

Hengyang King Xing Lifeng New Materials Co., Ltd.

 

CHINA

Tantalum

 

Jiangxi Dinghai Tantalum & Niobium Co., Ltd.

 

CHINA

Tantalum

 

Jiangxi Tuohong New Raw Material

 

CHINA

Tantalum

 

Jiujiang Janny New Material Co., Ltd.

 

CHINA

Tantalum

 

JiuJiang JinXin Nonferrous Metals Co., Ltd.

 

CHINA

Tantalum

 

Jiujiang Tanbre Co., Ltd.

 

CHINA

Tantalum

 

Jiujiang Zhongao Tantalum & Niobium Co., Ltd.

 

CHINA

Tantalum

 

KEMET Blue Metals

 

MEXICO

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

 

Mineracao Taboca S.A.

 

BRAZIL

Tantalum

 

Mitsui Mining and Smelting Co., Ltd.

 

JAPAN

Tantalum

 

Ningxia Orient Tantalum Industry Co., Ltd.

 

CHINA

Tantalum

 

NPM Silmet AS

 

ESTONIA

Tantalum

 

Power Resources Ltd.

 

MACEDONIA

Tantalum

 

QuantumClean

 

UNITED STATES

 



 

Tantalum

 

Resind Industria e Comercio Ltda.

 

BRAZIL

Tantalum

 

RFH Tantalum Smeltry Co., Ltd.

 

CHINA

Tantalum

 

Solikamsk Magnesium Works OAO

 

RUSSIAN FEDERATION

Tantalum

 

Taki Chemicals

 

JAPAN

Tantalum

 

Telex Metals

 

UNITED STATES

Tantalum

 

Ulba Metallurgical Plant JSC

 

KAZAKHSTAN

Tantalum

 

XinXing HaoRong Electronic Material Co., Ltd.

 

CHINA

Tantalum

 

Yichun Jin Yang Rare Metal Co., Ltd.

 

CHINA

Tin

 

Alpha

 

UNITED STATES

Tin

 

An Vinh Joint Stock Mineral Processing Company

 

VIET NAM

Tin

 

Chenzhou Yunxiang Mining and Metallurgy Co., Ltd.

 

CHINA

Tin

 

Chifeng Dajingzi Tin Industry Co., Ltd.

 

CHINA

Tin

 

China Tin Group Co., Ltd.

 

CHINA

Tin

 

CNMC (Guangxi) PGMA Co., Ltd.

 

CHINA

Tin

 

CV Ayi Jaya

 

INDONESIA

Tin

 

CV Dua Sekawan

 

INDONESIA

Tin

 

CV Gita Pesona

 

INDONESIA

Tin

 

CV Tiga Sekawan

 

INDONESIA

Tin

 

CV United Smelting

 

INDONESIA

Tin

 

CV Venus Inti Perkasa

 

INDONESIA

Tin

 

Dowa

 

JAPAN

Tin

 

Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company

 

VIET NAM

Tin

 

EM Vinto

 

BOLIVIA

Tin

 

Estanho de Rondônia S.A.

 

BRAZIL

Tin

 

Fenix Metals

 

POLAND

Tin

 

Gejiu Fengming Metallurgy Chemical Plant

 

CHINA

Tin

 

Gejiu Jinye Mineral Company

 

CHINA

Tin

 

Gejiu Kai Meng Industry and Trade LLC

 

CHINA

Tin

 

Gejiu Non-Ferrous Metal Processing Co., Ltd.

 

CHINA

Tin

 

Gejiu Yunxin Nonferrous Electrolysis Co., Ltd.

 

CHINA

Tin

 

Gejiu Zili Mining And Metallurgy Co., Ltd.

 

CHINA

Tin

 

Guangdong Hanhe Non-ferrous Metal Limited Company

 

CHINA

Tin

 

Guanyang Guida Nonferrous Metal Smelting Plant

 

CHINA

Tin

 

HuiChang Hill Tin Industry Co., Ltd.

 

CHINA

Tin

 

Huichang Jinshunda Tin Co., Ltd.

 

CHINA

Tin

 

Jiangxi Ketai Advanced Material Co., Ltd.

 

CHINA

Tin

 

Jiangxi New Nanshan Technology Ltd.

 

CHINA

Tin

 

Magnu’s Minerais Metais e Ligas Ltda.

 

BRAZIL

Tin

 

Malaysia Smelting Corporation (MSC)

 

MALAYSIA

Tin

 

Melt Metais e Ligas S.A.

 

BRAZIL

Tin

 

Metallic Resources, Inc.

 

UNITED STATES

Tin

 

Metallo Belgium N.V.

 

BELGIUM

Tin

 

Metallo Spain S.L.U.

 

SPAIN

Tin

 

Mineracao Taboca S.A.

 

BRAZIL

Tin

 

Minsur

 

PERU

Tin

 

Mitsubishi Materials Corporation

 

JAPAN

Tin

 

Modeltech Sdn Bhd

 

MALAYSIA

Tin

 

Nghe Tinh Non-Ferrous Metals Joint Stock Company

 

VIET NAM

 



 

Tin

 

O.M. Manufacturing (Thailand) Co., Ltd.

 

THAILAND

Tin

 

O.M. Manufacturing Philippines, Inc.

 

PHILIPPINES

Tin

 

Operaciones Metalurgical S.A.

 

BOLIVIA

Tin

 

Pongpipat Company Limited

 

MYANMAR

Tin

 

PT Aries Kencana Sejahtera

 

INDONESIA

Tin

 

PT Artha Cipta Langgeng

 

INDONESIA

Tin

 

PT ATD Makmur Mandiri Jaya

 

INDONESIA

Tin

 

PT Babel Inti Perkasa

 

INDONESIA

Tin

 

PT Bangka Prima Tin

 

INDONESIA

Tin

 

PT Bangka Serumpun

 

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 Inti Stania Prima

 

INDONESIA

Tin

 

PT Karimun Mining

 

INDONESIA

Tin

 

PT Kijang Jaya Mandiri

 

INDONESIA

Tin

 

PT Lautan Harmonis Sejahtera

 

INDONESIA

Tin

 

PT Menara Cipta Mulia

 

INDONESIA

Tin

 

PT Mitra Stania Prima

 

INDONESIA

Tin

 

PT O.M. Indonesia

 

INDONESIA

Tin

 

PT Panca Mega Persada

 

INDONESIA

Tin

 

PT Premium Tin Indonesia

 

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 Sukses Inti Makmur

 

INDONESIA

Tin

 

PT Sumber Jaya Indah

 

INDONESIA

Tin

 

PT Timah (Persero) Tbk Kundur

 

INDONESIA

Tin

 

PT Timah (Persero) Tbk Mentok

 

INDONESIA

Tin

 

PT Tinindo Inter Nusa

 

INDONESIA

Tin

 

PT Tommy Utama

 

INDONESIA

Tin

 

Resind Industria e Comercio Ltda.

 

BRAZIL

Tin

 

Rui Da Hung

 

TAIWAN

Tin

 

Soft Metais Ltda.

 

BRAZIL

Tin

 

Super Ligas

 

Brazil

Tin

 

Thaisarco

 

THAILAND

Tin

 

Tuyen Quang Non-Ferrous Metals Joint Stock Company

 

VIET NAM

Tin

 

White Solder Metalurgia e Mineração Ltda.

 

BRAZIL

Tin

 

Yunnan Chengfeng Non-ferrous Metals Co., Ltd.

 

CHINA

Tin

 

Yunnan Tin Company Limited

 

CHINA

Tungsten

 

A.L.M.T. TUNGSTEN Corp.

 

JAPAN

Tungsten

 

ACL Metais Eireli

 

BRAZIL

Tungsten

 

Asia Tungsten Products Vietnam Ltd.

 

VIET NAM

Tungsten

 

Chenzhou Diamond Tungsten Products Co., Ltd.

 

CHINA

Tungsten

 

Chongyi Zhangyuan Tungsten Co., Ltd.

 

CHINA

Tungsten

 

Fujian Jinxin Tungsten Co., Ltd.

 

CHINA

 



 

Tungsten

 

Ganzhou Haichuang Tungsten Co., Ltd.

 

CHINA

Tungsten

 

Ganzhou Huaxing Tungsten Products Co., Ltd.

 

CHINA

Tungsten

 

Ganzhou Jiangwu Ferrotungsten Co., Ltd.

 

CHINA

Tungsten

 

Ganzhou Seadragon W & Mo Co., Ltd.

 

CHINA

Tungsten

 

Ganzhou Yatai Tungsten Co., Ltd.

 

CHINA

Tungsten

 

Global Tungsten & Powders Corp.

 

UNITED STATES

Tungsten

 

Guangdong Xianglu Tungsten Co., Ltd.

 

CHINA

Tungsten

 

H.C. Starck Smelting GmbH & Co.KG

 

GERMANY

Tungsten

 

H.C. Starck Tungsten GmbH

 

GERMANY

Tungsten

 

Hunan Chenzhou Mining Co., Ltd.

 

CHINA

Tungsten

 

Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji

 

CHINA

Tungsten

 

Hunan Chunchang Nonferrous Metals Co., Ltd.

 

CHINA

Tungsten

 

Hunan Litian Tungsten Industry Co., Ltd.

 

CHINA

Tungsten

 

Hydrometallurg, JSC

 

RUSSIAN FEDERATION

Tungsten

 

Japan New Metals Co., Ltd.

 

JAPAN

Tungsten

 

Jiangwu H.C. Starck Tungsten Products Co., Ltd.

 

CHINA

Tungsten

 

Jiangxi Dayu Longxintai Tungsten Co., Ltd.

 

CHINA

Tungsten

 

Jiangxi Gan Bei Tungsten Co., Ltd.

 

CHINA

Tungsten

 

Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd.

 

CHINA

Tungsten

 

Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.

 

CHINA

Tungsten

 

Jiangxi Xinsheng Tungsten Industry Co., Ltd.

 

CHINA

Tungsten

 

Jiangxi Xiushui Xianggan Nonferrous Metals Co., Ltd.

 

CHINA

Tungsten

 

Jiangxi Yaosheng Tungsten Co., Ltd.

 

CHINA

Tungsten

 

Kennametal Fallon

 

UNITED STATES

Tungsten

 

Kennametal Huntsville

 

UNITED STATES

Tungsten

 

Malipo Haiyu Tungsten Co., Ltd.

 

CHINA

Tungsten

 

Moliren Ltd

 

RUSSIAN FEDERATION

Tungsten

 

Niagara Refining LLC

 

UNITED STATES

Tungsten

 

Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC

 

VIET NAM

Tungsten

 

Philippine Chuangxin Industrial Co., Inc.

 

PHILIPPINES

Tungsten

 

South-East Nonferrous Metal Company Limited of Hengyang City

 

CHINA

Tungsten

 

Tejing (Vietnam) Tungsten Co., Ltd.

 

VIET NAM

Tungsten

 

Unecha Refractory metals plant

 

RUSSIAN FEDERATION

Tungsten

 

Vietnam Youngsun Tungsten Industry Co., Ltd.

 

VIET NAM

Tungsten

 

Wolfram Bergbau und Hütten AG

 

AUSTRIA

Tungsten

 

Woltech Korea Co., Ltd.

 

KOREA, REPUBLIC OF

Tungsten

 

Xiamen Tungsten (H.C.) Co., Ltd.

 

CHINA

Tungsten

 

Xiamen Tungsten Co., Ltd.

 

CHINA

Tungsten

 

Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd.

 

CHINA

Tungsten

 

Xinhai Rendan Shaoguan Tungsten Co., Ltd.

 

CHINA

 



 

Annex II

 

List of Countries of Origin for Subject Minerals

 

This list of potential countries of origin is populated based on publicly available information, our RCOI and due diligence. It is important to note that this is also based on company level responses and therefore, it is not certain which of these countries of origin can be linked to our products.

 

Argentina, Australia, Austria, Benin, Bolivia (Plurinational State of), Brazil,  Burkina Faso, Burundi, Cambodia, Canada, Chile, China, Colombia, Congo, Democratic Republic of the, Ecuador, Eritrea, Ethiopia, France, Germany, Ghana, Guatemala, Guinea, Guyana, Honduras, India, Indonesia, Japan, Kazakhstan, Laos, Madagascar, Malaysia, Mali, Mexico, Mongolia, Mozambique, Myanmar, Namibia, Nicaragua, Nigeria, Panama, Peru, Portugal, Russian Federation, Rwanda, Senegal, Sierra Leone, South Africa, Spain, Thailand, Togo, Uganda, United Kingdom of Great Britain and Northern Ireland, United States of America, Uzbekistan, Viet Nam, Zimbabwe