Conflict Minerals/Overview
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The Who, What, Where, When , Why, and How of Conflict Minerals

Who is impacted by this ruling?

US publicly traded companies who file reports under the Exchange Act (also known as "issuers") and who manufacture or contract to manufacture products are required to disclose annually whether conflict minerals, that are deemed "necessary" for the functionality or the production of their products, originated in the Covered Countries.

What are "Conflict Minerals"?

"Conflict Minerals" are defined as tin, tantalum, tungsten, gold and their derivatives (commonly referred to as "3TG") that are mined in the Democratic Republic of the Congo (DRC) and its adjoining countries.

Where are the "Adjoining Countries" or "Covered Countries"?

"Adjoining Countries" are countries that share an internationally recognized border with the Democratic Republic fo the Congo (DRC). These countries presently include Angola, Burundi, Central African Republic, the Republic of the Congo, Rwanda, South Sudan, Tanzania, Uganda, and Zambia.

"Covered Countries" refers to both the adjoining countries and the Democratic Republic of the Congo (DRC).

When will the ruling take affect?

The ruling was adopted on August 22, 2012. There is a transitional period for the companies affected. "DRC conflict undeterminable" can be used through the 2014 reporting year by larger companies and through the 2016 reporting year for smaller companies. After that full compliance is required. 

Why was the ruling adopted?

In an attempt to abate the violence and human rights abuses that are devastating the Democratic Republic of the Congo (DRC), the ruling was adopted to inhibit trading in the conflict minerals that originate out of the DRC and its adjoining countries. The trading of conflict minerals from these areas is contributing to the conflict in the DRC by financing the armed groups imflicting violence and human rights abuses.  

The purpose of this ruling is to cut-off the demand for minerals coming from these areas which will reduce funding for the armed groups contributing to the conflict and thereby put pressure on such groups to end the conflict and to promote peace and security as well as improve the humanitarian crisis in the area. 

How will the information be communicated?

The SEC has established disclosure and reporting requirements for publicly held companies in an effort to strengthen social responsibility, to bring greater public awareness of the source of conflict minerals, and to promote the excercise of due diligence on the conflict minerals supply chain. 

The above information was obtained from the U.S. Securities and Exchange (SEC) website. For more information regarding the Dodd-Frank Wall Street Reform and Consumer Protection Act 1502(b), also referred to as Conflict Minerals, please visit the following:
                  U.S. Securities and Exchange Commission (SEC):
                           http://www.sec.gov/news/press/2012/2012-163.htm
                  Electronic Industry Citizenship Coalition (EICC):
                           http://www.eicc.info/initiatives02.shtml
                  Global e-Sustainable Initiative (GeSI):
                           http://gesi.org/portfolio/project/16
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