Reporting Conflict Minerals

As per the United States Securities And Exchange Commission– “In 2010, Congress passed the Dodd-Frank Act, which directs the Commission to issue rules requiring certain companies to disclose their use of conflict minerals if those minerals are “necessary to the functionality or production of a product” manufactured by those companies.” This Act primarily applies to Gold, Tungsten, Tantalum, and Tin. However, any mineral can be added to the Act if it is found to finance/promote violent international conflicts.

The Conflict Minerals Rule

Manufacturers and contractors operating in the United States using conflict minerals in the production of a product, must file Form SD with the SEC to disclose the origination of the mineral(s) and whether or not the minerals have contributed to financing armed groups within the Democratic Republic of the Congo, Zambia, Angola, Republic of the Congo (Brazzaville), Central African Republic, South Sudan, Uganda, Rwanda, Burundi and Tanzania.

Conflict Minerals From Recycled/Scrap Sources

A company is not subject to filing a conflict minerals report if the minerals used in production have been recycled or originate from a scrap source. Products containing previously recycled minerals are designated as “DRC Conflict Free” and therefore do not require disclosure. The SEC and OECD define recycled metal “as reclaimed end-user or post-consumer products, or scrap processed metals created during product manufacturing. The definition includes excess, obsolete, defective and scrap metal materials that contain refined or processed metals. However, minerals that are partially processed or unprocessed, or that are a byproduct from another ore, are not included in the definition of “recycled metals” and disclosure and reporting about them is required.”

D Block Metals’ Conflict Mineral Report

As one of the world’s largest Tantalum recyclers, D Block Metals is committed to responsibly sourcing conflict-free Tantalum. D Block Metals complies with the guidelines set forth in the Responsible Minerals Assurance Process (RMAP), formerly the EICC/GeSI Conflict Free Smelter (CFS) Program.  D Block has been audited and found to be in compliance, since 2014. Click here to view the latest Conflict Minerals Due Diligence Report for D Block Metals, LLC.