EX-1.01 2 exhibit_1-01.htm EXHIBIT 1.01


Exhibit 1.01
 
 
Camtek Ltd.
 
Conflict Minerals Report
 
For the year Ended December 31, 2017
 
Introduction
 
This is the Conflict Minerals Report of Camtek Ltd. (“CAMT”) (herein referred to as "Camtek", the "Company", "we" or "our"), for calendar year 2017 in accordance with Rule 13p-1 (“Rule 13p-1”) under the Securities Exchange Act of 1934 (the “1934 Act”).  Please refer to Rule 13p-1, Form SD and the 1934 Act Release No. 34-67716 issued by the Securities and Exchange Commission on August 22, 2012 for the definition of terms used in this report.

In conducting its due diligence, Camtek implemented the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas ("The OECD Framework"), an internationally recognized due diligence framework. Prior to due diligence, we addressed the “Reasonable Country of Origin Inquiry” process and commenced the due diligence process accordingly.
 
Company Overview

Camtek provides automated and technologically advanced solutions dedicated to enhancing production processes, increasing products yield and reliability, enabling and supporting customers’ latest technologies in the semiconductor fabrication industry. In September 2017, the Company completed the sale of its PCB inspection and metrology business unit. For more details, refer to Camtek’s website at http://www.camtek.com.
 
Camtek’s production site, is located in Migdal Haemek, Israel.
 
Camtek’s products are comprised of components which may contain conflict minerals that require an inquiry under Section 1502 of the Dodd-Frank Act, the SEC’s final rule and OECD guidelines.
 
Camtek’s Efforts for meeting Conflict-Free Mineral Requirements
 
Camtek continued to implement and communicate its policy and methodology that is in accordance with Annex I, Five steps Framework for Risk-Based Due Diligence in the Mineral Supply Chain from the OECD Framework. Camtek has been addressing the following 5 OECD steps:
 
·
Establishing a strong company management system
 
Camtek established a management team from the following departments: Engineering, QA, Purchasing, R&D, Logistics, Legal and Finance.  The team is sponsored by the Chief Financial Officer. The team passed training related the Conflict Minerals framework, policy, etc.
 
Camtek has adopted a Company policy which reflects an all-inclusive understanding of required rules and guidelines in addition to knowledge sharing with other companies in the industry.  This policy can be found at the website http://www.camtek.com
 
·
Identifying and assessing risk in the supply chain
 
Camtek held meetings with Management from various departments to discuss the applicable definitions of “manufacturer” and/or “contract to manufacture”.  Through this process, Camtek identified products that are affected by the 3TG minerals and mapped them to their respective vendors.
 
Camtek evaluated approximately 4 private branded products, sourced from approximately 85 vendors subject to the RCOI survey process (note that the number of relevant vendors of Camtek’s private brand products was reduced compared to last year due to the sale of the PCB business unit as described above).
 
We then sent official letters to suppliers ("Letter to Supplier") conducting a supply-chain survey using the RMI Conflict Minerals Reporting Template to identify the smelters and refiners.

 
·
Designing and implementing a strategy to respond to identified risks
 
In situations where it was determined that a “conflict mineral” is necessary for the functionality or production of at least one of our products, we carried out a reasonable country of origin inquiry (“RCOI").
 
We have implemented a risk management procedure designed, among other things, to identify products which may include conflict minerals, updated the purchasing process and included in a new supplier approval FORM relevant questions related to Conflict Minerals, monitored all potential risk suppliers, and engaged in knowledge sharing for meeting requirements.
 
·
Carrying out independent third-party audits of supply chain due diligence at identified points along the supply chain
 
Camtek does not have a direct relationship with the smelters and refiners in our supply chain, nor do we perform direct audits of the entities that provide our supply chain the 3TG. However, we do rely upon industry (for example, EiCC and RMI) efforts to influence smelters and refineries to get audited and certified through CFS program.
 
·
Reporting on supply chain due diligence
 
The conflict minerals report is filed with the SEC and is also available on our website http://www.camtek.com
 
Results for the 2017 Calendar Year
 
The Conflict Mineral Process, as described above, allowed Camtek to identify in-scope products and the corresponding suppliers.  These identified suppliers were surveyed through the RCOI Survey process using the Conflict Minerals Reporting Template. The survey population included approximately 4 products across 85 vendors. Camtek received survey responses from 53 of the population of suppliers surveyed.  Approximately 50% of responding suppliers indicated that their products may contain one or more of the named 3TG minerals.  However, the results from the surveys did not allow Camtek to reach a reportable conclusion as to the source of any potential conflict minerals.
 
The table below lists the facilities which, to the extent known, processed necessary conflict minerals in certain of our products.
 
Company policy
 
Camtek’s conflict minerals policy and steps taken are available on our website http://www.camtek.com.
 
Future steps to be taken
 
We intend to maintain our approach for responsible sourcing of the minerals used in our products, and to continue to comply with any applicable regulations related to the sourcing of, and disclosure concerning, the Conflict Minerals that may be contained in our products:
 
1.
Include a conflict mineral clause in new or updated supplier contracts, where available.
 
2.
Expand supplier's list considering the OECD framework.
 
3.
Manage follow up table with all relevant details from supplier for evaluation and tracking inputs in the supply system.
 
4.
Continue to identify Conflict Minerals associated with new product launches
 
5.
Continue to encourage our suppliers to purchase materials from smelters listed in the Conflict Free Smelter List
 
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Metal
Standard Smelter Names
Smelter Facility Location: Country
Smelter ID
Gold
Advanced Chemical Company
UNITED STATES OF AMERICA
CID000015
Gold
Aida Chemical Industries Co., Ltd.
JAPAN
CID000019
Gold
Allgemeine Gold-und Silberscheideanstalt A.G.
GERMANY
CID000035
Gold
Almalyk Mining and Metallurgical Complex (AMMC)
UZBEKISTAN
CID000041
Gold
AngloGold Ashanti Corrego do Sitio Mineracao
BRAZIL
CID000058
Gold
Argor-Heraeus S.A.
SWITZERLAND
CID000077
Gold
Asahi Pretec Corp.
JAPAN
CID000082
Gold
Asaka Riken Co., Ltd.
JAPAN
CID000090
Gold
Atasay Kuyumculuk Sanayi Ve Ticaret A.S.
TURKEY
CID000103
Gold
Bangko Sentral ng Pilipinas (Central Bank of the Philippines)
PHILIPPINES
CID000128
Gold
Boliden AB
SWEDEN
CID000157
Gold
C. Hafner GmbH + Co. KG
GERMANY
CID000176
Gold
Caridad
MEXICO
CID000180
Gold
CCR Refinery - Glencore Canada Corporation
CANADA
CID000185
Gold
Cendres + Metaux S.A.
SWITZERLAND
CID000189
Gold
Yunnan Copper Industry Co., Ltd.
CHINA
CID000197
Gold
Chimet S.p.A.
ITALY
CID000233
Gold
Chugai Mining
JAPAN
CID000264
Gold
Daejin Indus Co., Ltd.
KOREA, REPUBLIC OF
CID000328
Gold
Daye Non-Ferrous Metals Mining Ltd.
CHINA
CID000343
Gold
DSC (Do Sung Corporation)
KOREA, REPUBLIC OF
CID000359
Gold
DODUCO Contacts and Refining GmbH
GERMANY
CID000362
Gold
Dowa
JAPAN
CID000401
Gold
Eco-System Recycling Co., Ltd.
JAPAN
CID000425
Gold
OJSC Novosibirsk Refinery
RUSSIAN FEDERATION
CID000493
Gold
Refinery of Seemine Gold Co., Ltd.
CHINA
CID000522
Gold
Guoda Safina High-Tech Environmental Refinery Co., Ltd.
CHINA
CID000651
Gold
Hangzhou Fuchunjiang Smelting Co., Ltd.
CHINA
CID000671
Gold
HeeSung Metal Ltd.
KOREA, REPUBLIC OF
CID000689
Gold
Heimerle + Meule GmbH
GERMANY
CID000694
Gold
Heraeus Metals Hong Kong Ltd.
CHINA
CID000707
Gold
Heraeus Precious Metals GmbH & Co. KG
GERMANY
CID000711
Gold
Hunan Chenzhou Mining Co., Ltd.
CHINA
CID000767
Gold
HwaSeong CJ CO., LTD.
KOREA, REPUBLIC OF
CID000778
Gold
Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.
CHINA
CID000801
Gold
Ishifuku Metal Industry Co., Ltd.
JAPAN
CID000807
Gold
Istanbul Gold Refinery
TURKEY
CID000814
Gold
Japan Mint
JAPAN
CID000823
Gold
Jiangxi Copper Co., Ltd.
CHINA
CID000855
Gold
Asahi Refining USA Inc.
UNITED STATES OF AMERICA
CID000920
Gold
Asahi Refining Canada Ltd.
CANADA
CID000924
Gold
JSC Ekaterinburg Non-Ferrous Metal Processing Plant
RUSSIAN FEDERATION
CID000927
Gold
JSC Uralelectromed
RUSSIAN FEDERATION
CID000929
Gold
JX Nippon Mining & Metals Co., Ltd.
JAPAN
CID000937
 
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Metal
Standard Smelter Names
Smelter Facility Location: Country
Smelter ID
Gold
Kazakhmys Smelting LLC
KAZAKHSTAN
CID000956
Gold
Kazzinc
KAZAKHSTAN
CID000957
Gold
Kennecott Utah Copper LLC
UNITED STATES OF AMERICA
CID000969
Gold
Kojima Chemicals Co., Ltd.
JAPAN
CID000981
Gold
Kyrgyzaltyn JSC
KYRGYZSTAN
CID001029
Gold
L'azurde Company For Jewelry
SAUDI ARABIA
CID001032
Gold
Lingbao Gold Co., Ltd.
CHINA
CID001056
Gold
Lingbao Jinyuan Tonghui Refinery Co., Ltd.
CHINA
CID001058
Gold
LS-NIKKO Copper Inc.
KOREA, REPUBLIC OF
CID001078
Gold
Luoyang Zijin Yinhui Gold Refinery Co., Ltd.
CHINA
CID001093
Gold
Materion
UNITED STATES OF AMERICA
CID001113
Gold
Matsuda Sangyo Co., Ltd.
JAPAN
CID001119
Gold
Metalor Technologies (Suzhou) Ltd.
CHINA
CID001147
Gold
Metalor Technologies (Hong Kong) Ltd.
CHINA
CID001149
Gold
Metalor Technologies (Singapore) Pte., Ltd.
SINGAPORE
CID001152
Gold
Metalor Technologies S.A.
SWITZERLAND
CID001153
Gold
Metalor USA Refining Corporation
UNITED STATES OF AMERICA
CID001157
Gold
Metalurgica Met-Mex Penoles S.A. De C.V.
MEXICO
CID001161
Gold
Minsur
PERU
CID001182
Gold
Mitsubishi Materials Corporation
JAPAN
CID001188
Gold
Mitsui Mining and Smelting Co., Ltd.
JAPAN
CID001193
Gold
Moscow Special Alloys Processing Plant
RUSSIAN FEDERATION
CID001204
Gold
Nadir Metal Rafineri San. Ve Tic. A.S.
TURKEY
CID001220
Gold
Navoi Mining and Metallurgical Combinat
UZBEKISTAN
CID001236
Gold
Nihon Material Co., Ltd.
JAPAN
CID001259
Gold
Elemetal Refining, LLC
UNITED STATES OF AMERICA
CID001322
Gold
Ohura Precious Metal Industry Co., Ltd.
JAPAN
CID001325
Gold
OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet)
RUSSIAN FEDERATION
CID001326
Gold
PAMP S.A.
SWITZERLAND
CID001352
Gold
Penglai Penggang Gold Industry Co., Ltd.
CHINA
CID001362
Gold
Prioksky Plant of Non-Ferrous Metals
RUSSIAN FEDERATION
CID001386
Gold
PT Aneka Tambang (Persero) Tbk
INDONESIA
CID001397
Gold
PX Precinox S.A.
SWITZERLAND
CID001498
Gold
Rand Refinery (Pty) Ltd.
SOUTH AFRICA
CID001512
Gold
Royal Canadian Mint
CANADA
CID001534
Gold
Sabin Metal Corp.
UNITED STATES OF AMERICA
CID001546
Gold
Samduck Precious Metals
KOREA, REPUBLIC OF
CID001555
Gold
Samwon Metals Corp.
KOREA, REPUBLIC OF
CID001562
Gold
Schone Edelmetaal B.V.
NETHERLANDS
CID001573
Gold
SEMPSA Joyeria Plateria S.A.
SPAIN
CID001585
Gold
Shandong Tiancheng Biological Gold Industrial Co., Ltd.
CHINA
CID001619
Gold
Shandong Zhaojin Gold & Silver Refinery Co., Ltd.
CHINA
CID001622
Gold
Sichuan Tianze Precious Metals Co., Ltd.
CHINA
CID001736
Gold
So Accurate Group, Inc.
UNITED STATES OF AMERICA
CID001754
Gold
SOE Shyolkovsky Factory of Secondary Precious Metals
RUSSIAN FEDERATION
CID001756
Gold
Solar Applied Materials Technology Corp.
TAIWAN, PROVINCE OF CHINA
CID001761
Gold
Sumitomo Metal Mining Co., Ltd.
JAPAN
CID001798
 
This Conflict Minerals Report was not subjected to an independent private sector audit as not required by paragraph (c)(1)(iv) of the instructions to Item 1.01.
 
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