Who is required to file a conflict minerals report?
Luxton: Under the rule, a company that acquires or otherwise obtains control over a business subject to conflict minerals reporting obligations must provide a report covering the new business, starting with the first reporting calendar year that begins no sooner than eight months after the effective date of the …
What is conflict minerals compliance?
The conflict minerals regulation is a global standard for ethical sourcing. The conflict minerals reporting template (CMRT) is a free, standardized reporting template developed by the Responsible Minerals Initiative (RMI) and is considered the industry standard reporting template for conflict minerals compliance.
What is a conflict mineral report?
The Conflict Minerals Reporting Template (CMRT) is a free, standardized reporting template developed by the Responsible Minerals Initiative (RMI) that facilitates the transfer of information through the supply chain regarding mineral country of origin and the smelters and refiners being utilized.
Is your company required to file an annual conflict minerals disclosure with the SEC?
The Securities and Exchange Commission today adopted a rule mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act to require companies to publicly disclose their use of conflict minerals that originated in the Democratic Republic of the Congo (DRC) or an adjoining country.
Who does conflict minerals apply to?
U.S. public companies
There is no importation requirement on disclosure. The conflict minerals requirements apply to U.S. public companies. Accordingly, if you sell to a company traded on a U.S. stock exchange, you will likely be asked for a conflict minerals disclosure form. 25.
What companies use conflict minerals?
Washington, DC — Apple, Alphabet (Google), HP, Microsoft, and Intel are leading the way, while Walmart, Sears, and Neiman Marcus are ranked worst, in the Enough Project’s 2017 Conflict Minerals Company Rankings, published today.
What are the five conflict minerals?
Jun 04, 2019 | 2 min. 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.
What are considered conflict minerals?
“Conflict minerals,” as defined by the US legislation, currently include the metals tantalum, tin, tungsten and gold, which are the extracts of the minerals cassiterite, columbite-tantalite and wolframite, respectively.
What makes a mineral a conflict mineral?
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.
What are the 4 main conflict minerals?
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.
Does Apple use conflict minerals?
Apple accepts certification from the RMI’s Responsible Minerals Assurance Process (“RMAP”) and the LBMA’s Responsible Gold Program for gold refiners in our supply chain.
Does Samsung use conflict minerals?
As a result, minerals illegally mined in conflict-affected and high-risk areas, such as the Democratic Republic of the Congo, are not used in Samsung products.
Are diamonds a conflict mineral?
The World Diamond Council estimates that 99% of all diamonds are now conflict-free.
Is all gold a conflict mineral?
The four metals, tin, tantalum, tungsten and gold are always defined as conflict minerals irrespective of their origin or if the mining has financed any armed groups or not.
What are 4 main conflict minerals?
What countries have conflict minerals?
These countries are: Sudan, Central Africa Republic, Uganda, Congo Republic, Angola, Tanzania, Rwanda, Burundi, Democratic Republic of Congo, Zambia and Angola.
What are the 3 T 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 well as products from the jewelry, automotive, aerospace, medical equipment, and many other industries.
Does Apple use blood minerals?
The company said it has targeted tin, tantalum, tungsten and gold among 14 materials prioritized in its initial efforts at limiting so-called “blood minerals.” Since 2009, Apple indicated, it has broken ties with 163 3TG smelters and refiners over violations.
Does Tiffany use blood diamonds?
Tiffany & Co. only offers conflict-free diamonds. We have taken rigorous steps to assure that conflict diamonds do not enter our inventory. As global leaders in sustainable luxury, Tiffany & Co. is committed to sourcing natural and precious materials in an ethical and sustainable manner.
Do blood diamonds still exist 2021?
In the last decade, blood diamonds have been virtually eliminated from the global marketplace. Stricter regulation, as well as a renewed commitment from diamond manufacturers and retailers to work only with ethical suppliers, has transformed the global diamond industry for the better.
Are diamonds conflict minerals?
Conflict diamonds, also known as “blood diamonds,” fund terrorists and other armed groups who seek to commit crimes and overthrow legitimate governments. Other conflict minerals, including gold, tin, tantalum, and tungsten, are essential components in many technology products.
Are conflict minerals illegal?
As previously described, the current US legislation does not prohibit ‘conflict minerals’, it only mandates disclosure about the supply chain.
What is Apple doing about conflict minerals?
Since 2009, Apple has directed the removal of 163 3TG smelters and refiners from its supply chain (a total of 9 tantalum, 50 tin, 19 tungsten, and 85 gold smelters and refiners).
Are Costco diamonds conflict-free?
Diamonds that we offer for sale are procured from legitimate sources not involved in funding conflict and comply with the United Nations resolutions set forth by the Kimberly Process procedure.
What diamond is Beyoncé wearing?
What Is the Tiffany Diamond and Why Are People Mad at Beyoncé for Wearing It? The Tiffany Yellow Diamond is one of the largest yellow diamonds ever unearthed, and it has become a huge fashion symbol since its 1878 discovery in South Africa.