EX-1.01 2 tm2117160d1_ex1-01.htm EXHIBIT 1.01

 

Exhibit 1.01

 

SPX Corporation

Conflict Minerals Report

Reporting Period: January 1, 2020 – December 31, 2020

 

This Conflict Minerals Report (this “Report”) of SPX Corporation (“SPX,” “Company,” “we,” “us,” or “our”) for the reporting period from January 1, 2020 to December 31, 2020 (the “Reporting Period”) has been prepared pursuant to Rule 13p-1 and Form SD promulgated under the Securities Exchange Act of 1934, as amended.

 

Forward-looking statements contained in this Report are made based on events and circumstances known by us at the time of release and, as such, are inherently subject to unforeseen uncertainties and risks. Statements in this Report which express a belief, expectation, or intention, as well as those that are not historical fact, are forward-looking statements, including statements related to the Company’s business, products, compliance efforts, and expected actions identified in this Report. These forward-looking statements are subject to various risks, uncertainties, and assumptions, including, among other matters, our customers’ requirements to use certain suppliers, our suppliers’ responsiveness and cooperation with our due diligence efforts, our ability to implement improvements in our conflict minerals program, changes to the sourcing status of smelters and refiners in our supply chain, and our ability to 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 Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Forms 10-Q filed with the Securities and Exchange Commission (“SEC”). The Company makes these statements as of the date of this disclosure, and undertakes no obligation to update them unless otherwise required by law.

 

Under SEC regulations, if any “conflict minerals” (as defined below) are necessary to the functionality or production of a product manufactured by the Company or contracted by the Company to be manufactured, the Company must conduct in good faith a reasonable country of origin inquiry (“RCOI”) regarding those “conflict minerals” that is reasonably designed to determine whether any of the “conflict minerals” originated in the Covered Countries (as defined below) or are from recycled or scrap sources. Form SD defines “conflict minerals” as (i) columbite-tantalite (coltan), cassiterite, gold, wolframite, and their derivatives, which are currently limited to tantalum, tin, and tungsten; or (ii) any other mineral or its derivatives determined by the U.S. Secretary of State to be financing conflict in the Democratic Republic of the Congo or an “adjoining country,” as such term is defined in Form SD, (collectively, the “Covered Countries”).

 

The Company’s operations may at times manufacture, or contract to manufacture, products for which conflict minerals are necessary to the functionality or production of those products. As required by SEC’s conflict minerals rule, the Company has conducted a good faith RCOI regarding conflict minerals included in the Company’s products during the Reporting Period to determine whether any such conflict minerals originated in the Covered Countries and/or whether any of the conflict minerals were from recycled or scrap sources. Where applicable, the Company has conducted additional due diligence within the meaning of the SEC’s conflict minerals rule. The results of SPX’s RCOI, as well as the Company’s additional due diligence regarding the sources of conflict minerals, are contained in this Report.

 

This Report is publically available on our website at www.spx.com. The content on, or accessible through, our website or any website referred to in this Report is not, and shall not be deemed to be, part of this Report or incorporated into this or any other filings SPX makes with the SEC unless expressly noted.

 

Company Overview and Product Description

 

SPX Corporation is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. Based in Charlotte, North Carolina, SPX Corporation had more than $1.5 billion in revenue in the year ended December 31, 2020 and approximately 4,500 employees in over 15 countries.

 

4

 

 

The Company’s operations may at times manufacture, or contract to manufacture, products for which conflict minerals are necessary to the functionality or production of those products (collectively, the “products”). Certain of the products contain materials or components that use metallic forms of tin, tantalum, tungsten, and/or gold (“subject minerals”). For the Reporting Period, the Company reasonably determined that the following product groups contain subject minerals:

 

·         Dry cooling systems;

 

·         Evaporative and hybrid cooling systems;

 

·         Rotating and stationary heat exchangers; pollution control systems;

 

·         Boilers and water heaters;

 

·         Heating and ventilation products;

 

·         Industrial refrigeration products;

 

·         Power transformers;

 

·         Spectrum monitoring and signal monitoring systems;

 

·         Specialty lighting;

 

·         Fare collection systems;

 

·         Portable cable and pipe locators; and

 

·         Pipeline inspection and rehabilitation equipment.

 

·         Ground penetrating radar products and robotics used in underground utilities

 

The due diligence efforts noted below were undertaken on the products manufactured by us in the Reporting Period.

 

Reasonable Country of Origin Inquiry

 

SPX conducted a good faith RCOI regarding the potential inclusion of conflict minerals in the products during the Reporting Period. There is significant overlap between the Company’s RCOI efforts and the due diligence measures performed. Although some of our products contain subject minerals, we typically do not purchase raw materials directly from mines, smelters, or refiners and we are many steps removed in the supply chain from the sources of ore from which these metals are produced and the smelters/refiners that process those ores. Accordingly, we rely on direct suppliers in the supply chain between us and the original sources of raw materials to provide information regarding the origin of any conflict minerals that may be included in the products.

 

We have taken steps to identify the applicable smelters and refiners of such subject minerals metals in our supply chain. However, as a downstream purchaser of components and materials that contain subject minerals, our RCOI and due diligence measures can provide only reasonable - not absolute - assurance regarding the source and chain of custody of the conflict minerals. The Company’s RCOI and due diligence processes are based on the necessity of seeking data from direct suppliers and those suppliers seeking similar information within their supply chains to identify the original sources of the subject minerals contained in components and materials supplied to us. Another complicating factor is the unavailability of country of origin and chain of custody information from direct suppliers on a continuous, real-time basis. The Company’s available sources of information may yield inaccurate or incomplete information and may be subject to fraud. The Company engaged Source Intelligence, a third-party consultant with expertise in supplier engagement, to assist the Company in its RCOI.

 

The Company began its RCOI by identifying product families and commodities that may contain subject minerals. Using information derived from the Company’s procurement systems, supplemented by information supplied by personnel in the Company’s business units supply chain, SPX identified direct suppliers of components and materials that may contain subject minerals. We requested that each of these identified direct suppliers complete a survey utilizing the Conflict-Free Sourcing Initiative’s Conflict Minerals Reporting Template (“CMRT”). Suppliers were offered two options to submit the required information, either by uploading the CMRT in Microsoft Excel format or by completing an online survey version of this template directly in the third-party consultant’s platform. This survey, among other things, solicited information regarding the location and identity of smelters and refiners. Suppliers that did not promptly complete a survey were contacted in accordance with an escalating protocol by our third-party consultant and, if still not responding, by us in efforts to get all direct suppliers to complete the survey. In addition, we collaborated with our direct suppliers to review responses to the surveys when clarification was warranted.

 

5

 

 

Supplier responses were evaluated for plausibility, consistency, and gaps. If any of the following “quality control” flags were raised, suppliers were contacted and requested to provide clarification:

 

·One or more smelter or refiners (“SORs”) were listed for an unused metal;
   
·SOR information was not provided for a used metal, or SOR information provided was not a verified metal processor ;
   
·Supplier answered yes to sourcing from the Democratic Republic of the Congo or adjoining countries, but none of the SORs listed are known to source from the region;
   
·Supplier indicated that they have not received conflict minerals data for each metal from all relevant suppliers;
   
·Supplier indicated they have not identified all of the SORs used for the products included in the declaration scope;
   
·Supplier indicated they have not provided all applicable SOR information received; and
   
·Supplier indicated 100% of the conflict minerals for products covered by the declaration originates from scrap/recycled sources, but one or more SORs listed are not known to be exclusive recyclers.

 

Using the information collected from the surveys completed by these direct suppliers, we determined the products that contained one or more of the subject minerals. Upon conclusion of the RCOI, the origin of these subject minerals could not be definitively determined. As such, we proceeded to exercise due diligence.

 

Due Diligence Framework and Measures

 

We designed our due diligence framework to materially conform to applicable portions of the OECD (2016), OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas: Third Edition, OECD Publishing, Paris. http://dx.doi.org/10.1787/9789264252479-en] (“OECD Guidelines”).

 

In accordance with applicable portions of the OECD Guidance for downstream companies such as the Company, the due diligence measures we performed include, but are not limited to, the following:

 

·Reporting to senior management regarding the structure of our conflict minerals program.
  
·Reporting to senior management on direct suppliers’ responses to our conflict minerals information requests.
  
·Communicating our policy on conflict minerals to direct suppliers.
  
·Communicating the commitments and requirements expected of our direct suppliers, supported by, when appropriate, email and phone dialogues.
  
·Comparing smelters and refiners identified by our direct suppliers to the lists of validated conflict free and verified facilities and conducting independent research.
  
·Including contractual terms and conditions regarding procurement practices that encourage our direct suppliers to purchase raw materials from smelters / refiners which have achieved a compliant designation by the Responsible Minerals Assurance Process (“RMAP”) of the Responsible Minerals Initiative (the “RMI”) or have an audit program with which RMI has mutual recognition.
  
·Consideration of developing a risk mitigation plan that allows for continued trade with a supplier as appropriate through the supplier’s risk mitigation efforts and evaluating the business relationship with suppliers that do not address the risks.

 

6

 

 

Due Diligence Results

 

We utilized the CMRT to solicit our relevant direct suppliers to gather detailed information regarding the existence of subject minerals in materials or components sold to us, as well as the origin and chain of custody of the subject minerals. We compared the list of SORs identified to us by suppliers with those included in lists of validated conflict free and verified facilities: the RMAP, the London Bullion Market Association Good Delivery Program and the Responsible Jewellery Council Chain-of-Custody Certification. If the SOR is not certified by these internationally-recognized schemes the SOR was to gain more information about their sourcing practices, including countries of origin and transfer, and whether there are any internal due diligence procedures in place or other processes the SORs takes to track the chain-of-custody on the source of its mineral ores. Relevant information includes: whether the SOR has a documented, effective and communicated conflict-free policy, an accounting system to support a mass balance of materials processed, and traceability documentation. Internet research is also performed to determine whether there are any outside sources of information regarding the SOR’s sourcing practices.

 

To date information received from direct suppliers was inconclusive in indicating that subject minerals in our supply chain directly or indirectly financed or benefitted armed groups in the Covered Countries; even so, based on the information provided by these suppliers and our own due diligence efforts for the Reporting Period, we do not have sufficient information to conclusively determine the countries of origin or chain of custody of subject minerals in the products. Some suppliers disclosed to us that scrap/ recycled sources of subject minerals were identified in their supply chains and did not require due diligence.

 

Based on the information provided by these suppliers and information available from RMI and the other sources identified above, SPX believes the smelters and refiners and the countries of origin of subject minerals processed by these smelters and refiners that may have been used to produce subject minerals used in the products include those listed on Annexes A and B.

 

In addition, based on our due diligence certain potential smelters/refiners listed by our direct suppliers were omitted from this Report because the verification status for the smelter/refiner was inconclusive for a variety of reasons. These reasons include, without limitation, that a direct supplier listed the smelter/refiner for processing a metal the smelter/refiner it is not known to process; that RMI determined the smelter/refiner no longer meets the definition of a smelter or refiner; that RMI determined the company listed as a smelter/refiner does not smelt or refine, or exclusively recycles subject minerals; that RMI has retired the parent or group level smelter/refiner; that RMI determined the smelter/refiner does not meets the definition of a smelter/refiner; or otherwise our due diligence was inconclusive with regard to the entity.

 

Additional Due Diligence and Risk Mitigation

 

SPX intends to continue to evaluate its due diligence program, and, in particular, intends to periodically review the criteria used to select suppliers for solicitation. We expect to continue to engage with our direct suppliers so that they more closely comply with SPX’s conflict minerals policy and are able to track the sourcing of conflict minerals with greater precision. To that end, the Company expects to continue outreach efforts among the direct supplier base, particularly with respect to direct suppliers that have not previously conducted business with the Company and with respect to direct suppliers that are unable to provide greater transparency as to their own sourcing practices.

 

Independent Audit Report

 

Consistent with Rule 13p-1 and the SEC’s April 29, 2014 statement* relating to Rule 13p-1, this Report is not required to be accompanied by an independent private sector audit.

 

 

 

* Statement on the Effect of the Court of Appeals Decision on the Conflict Minerals Rule, Keith F. Higgins, Director, SEC Division of Corporation Finance, April 29, 2014.

 

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Annexes

 

The information in the below tables, Annexes A and B, have been gathered and transmitted through multiple levels of our supply chain, and there is a risk that it is not accurate or current. In most cases, direct suppliers provided smelter and/or refiner information and therefore any country of origin data related to such smelter and/or refiner for their entire supply chain without identifying which smelters and/or refiners may have contributed conflict minerals to components and materials actually supplied to us. Accordingly, we cannot verify that any of the smelters and/or refiners or country of origin data shown in these tables actually were part of our supply chain. The presence of a smelter or refiner in this table does not necessarily mean that conflict minerals processed at that smelter or refiner were used in any components and materials supplied to us or in any SPX Corporation products.

 

8

 

 

Annex A

 

Below is a list of the smelters / refiners collected as a result of our due diligence activities:

 

Subject
Mineral		  Name of Smelter/Refiner†  Status*
Gold  8853 S.p.A.  RMAP
Gold  Abington Reldan Metals, LLC  Not certified
Gold  Advanced Chemical Company  RMAP
Gold  African Gold Refinery  Not certified
Gold  Aida Chemical Industries Co., Ltd.  RMAP
Gold  Al Etihad Gold Refinery DMCC  RMAP
Gold  Allgemeine Gold-und Silberscheideanstalt A.G.  LBMA, RJC, RMAP
Gold  Almalyk Mining and Metallurgical Complex (AMMC)  LBMA, RMAP
Gold  AngloGold Ashanti Corrego do Sitio Mineracao  LBMA, RMAP
Gold  Argor-Heraeus S.A.  LBMA, RMAP
Gold  Asahi Pretec Corp.  LBMA, RMAP
Gold  Asahi Refining Canada Ltd.  LBMA, RMAP
Gold  Asahi Refining USA Inc.  LBMA, RMAP
Gold  Asaka Riken Co., Ltd.  RMAP
Gold  Atasay Kuyumculuk Sanayi Ve Ticaret A.S.  Not certified
Gold  AU Traders and Refiners  RJC, RMAP
Gold  Augmont Enterprises Private Limited  RMAP-Active
Gold  Aurubis AG  LBMA, RMAP
Gold  Bangalore Refinery  RMAP
Gold  Bangko Sentral ng Pilipinas (Central Bank of the Philippines)  LBMA, RMAP
Gold  Boliden AB  LBMA, RMAP
Gold  C. Hafner GmbH + Co. KG  LBMA, RJC, RMAP
Gold  C.I Metales Procesados Industriales SAS  RMAP-Active
Gold  Caridad  Not certified
Gold  CCR Refinery - Glencore Canada Corporation  LBMA, RMAP
Gold  Cendres + Metaux S.A.  RMAP
Gold  CGR Metalloys Pvt Ltd.  Not certified
Gold  Chimet S.p.A.  LBMA, RMAP
Gold  Chugai Mining  RMAP
Gold  Daye Non-Ferrous Metals Mining Ltd.  LBMA
Gold  Degussa Sonne / Mond Goldhandel GmbH  Not certified
Gold  Dijllah Gold Refinery FZC  Not certified
Gold  DODUCO Contacts and Refining GmbH  RMAP
Gold  Dowa  RMAP
Gold  DS PRETECH Co., Ltd.  RMAP

 

A-1

 

 

Subject
Mineral		  Name of Smelter/Refiner†  Status*
Gold  DSC (Do Sung Corporation)  RMAP
Gold  Eco-System Recycling Co., Ltd. East Plant  RMAP
Gold  Eco-System Recycling Co., Ltd. North Plant  RMAP
Gold  Eco-System Recycling Co., Ltd. West Plant  RMAP
Gold  Emerald Jewel Industry India Limited (Unit 1)  Not Certified
Gold  Emerald Jewel Industry India Limited (Unit 2)  Not Certified
Gold  Emerald Jewel Industry India Limited (Unit 3)  Not Certified
Gold  Emerald Jewel Industry India Limited (Unit 4)  Not Certified
Gold  Emirates Gold DMCC  RMAP
Gold  Fidelity Printers and Refiners Ltd.  Not certified
Gold  Fujairah Gold FZC  Not certified
Gold  GCC Gujrat Gold Centre Pvt. Ltd.  Not certified
Gold  Geib Refining Corporation  RMAP
Gold  Gold Coast Refinery  Not certified
Gold  Gold Refinery of Zijin Mining Group Co., Ltd.  LBMA, RMAP
Gold  Great Wall Precious Metals Co., Ltd. of CBPM  LBMA
Gold  Guangdong Jinding Gold Limited  Not certified
Gold  Guoda Safina High-Tech Environmental Refinery Co., Ltd.  Not certified
Gold  Hangzhou Fuchunjiang Smelting Co., Ltd.  Not certified
Gold  Heimerle + Meule GmbH  LBMA, RMAP
Gold  Heraeus Metals Hong Kong Ltd.  LBMA, RJC, RMAP
Gold  Heraeus Precious Metals GmbH & Co. KG  RMAP-Active
Gold  Hunan Chenzhou Mining Co., Ltd.  Not certified
Gold  Hunan Guiyang yinxing Nonferrous Smelting Co., Ltd.  Not certified
Gold  HwaSeong CJ CO., LTD.  Not certified
Gold  Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.  LBMA, RMAP
Gold  International Precious Metal Refiners  RMAP-Active
Gold  Ishifuku Metal Industry Co., Ltd.  LBMA, RMAP
Gold  Istanbul Gold Refinery  LBMA, RMAP
Gold  Italpreziosi  RJC, RMAP
Gold  JALAN & Company  Not certified
Gold  Japan Mint  LBMA, RMAP
Gold  Jiangxi Copper Co., Ltd.  LBMA, RMAP
Gold  JSC Ekaterinburg Non-Ferrous Metal Processing Plant  Not certified
Gold  JSC Uralelectromed  LBMA, RMAP
Gold  JX Nippon Mining & Metals Co., Ltd.  LBMA, RMAP
Gold  K.A. Rasmussen  Not certified
Gold  Kaloti Precious Metals  Not certified
Gold  Kazakhmys Smelting LLC  Not certified

 

A-2

 

 

Subject
Mineral		  Name of Smelter/Refiner†  Status*
Gold  Kazzinc  LBMA, RMAP
Gold  Kennecott Utah Copper LLC  LBMA, RMAP
Gold  KGHM Polska Miedz Spolka Akcyjna  RMAP
Gold  Kojima Chemicals Co., Ltd.  RMAP
Gold  Korea Zinc Co., Ltd.  RMAP
Gold  Kundan Care Products Ltd.  Not certified
Gold  Kyrgyzaltyn JSC  LBMA, RMAP
Gold  Kyshtym Copper-Electrolytic Plant ZAO  Not certified
Gold  L'azurde Company For Jewelry  Not certified
Gold  Lingbao Gold Co., Ltd.  Not certified
Gold  Lingbao Jinyuan Tonghui Refinery Co., Ltd.  Not certified
Gold  L'Orfebre S.A.  RMAP
Gold  LS-NIKKO Copper Inc.  LBMA, RMAP
Gold  LT Metal Ltd.  RMAP
Gold  Luoyang Zijin Yinhui Gold Refinery Co., Ltd.  Not certified
Gold  Marsam Metals  RMAP
Gold  Materion  RMAP
Gold  Matsuda Sangyo Co., Ltd.  LBMA, RMAP
Gold  MD Overseas  Not certified
Gold  Metal Concentrators SA (Pty) Ltd.  RMAP
Gold  Metallix Refining Inc.  RMAP-Active
Gold  Metalor Technologies (Hong Kong) Ltd.  LBMA, RJC, RMAP
Gold  Metalor Technologies (Singapore) Pte., Ltd.  LBMA, RJC, RMAP
Gold  Metalor Technologies (Suzhou) Ltd.  RJC, RMAP
Gold  Metalor Technologies S.A.  LBMA, RJC, RMAP
Gold  Metalor USA Refining Corporation  LBMA, RJC, RMAP
Gold  Metalurgica Met-Mex Penoles S.A. De C.V.  LBMA, RMAP
Gold  Mitsubishi Materials Corporation  LBMA, RMAP
Gold  Mitsui Mining and Smelting Co., Ltd.  LBMA, RMAP
Gold  MMTC-PAMP India Pvt., Ltd.  LBMA, RMAP
Gold  Modeltech Sdn Bhd  Not certified
Gold  Morris and Watson  Not certified
Gold  Moscow Special Alloys Processing Plant  LBMA, RMAP
Gold  Nadir Metal Rafineri San. Ve Tic. A.S.  LBMA, RMAP
Gold  Navoi Mining and Metallurgical Combinat  RMAP
Gold  NH Recytech Company  Not certified
Gold  Nihon Material Co., Ltd.  LBMA, RMAP
Gold  Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH  RJC, RMAP
Gold  Ohura Precious Metal Industry Co., Ltd.  RMAP

 

A-3

 

 

Subject
Mineral		  Name of Smelter/Refiner†  Status*
Gold  OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet)  LBMA, RMAP
Gold  OJSC Novosibirsk Refinery  LBMA, RMAP
Gold  PAMP S.A.  LBMA, RMAP
Gold  Pease & Curren  Not certified
Gold  Penglai Penggang Gold Industry Co., Ltd.  Not certified
Gold  Planta Recuperadora de Metales SpA  RMAP
Gold  Prioksky Plant of Non-Ferrous Metals  LBMA, RMAP
Gold  PT Aneka Tambang (Persero) Tbk  LBMA, RMAP
Gold  PX Precinox S.A.  LBMA, RMAP
Gold  QG Refining, LLC  Not certified
Gold  Rand Refinery (Pty) Ltd.  LBMA, RMAP
Gold  Refinery of Seemine Gold Co., Ltd.  Not certified
Gold  REMONDIS PMR B.V.  RMAP
Gold  Royal Canadian Mint  LBMA, RMAP
Gold  SAAMP  RJC, RMAP
Gold  Sabin Metal Corp.  Not certified
Gold  Safimet S.p.A  RMAP
Gold  SAFINA A.S.  RMAP
Gold  Sai Refinery  Not certified
Gold  Samduck Precious Metals  RMAP
Gold  SAMWON METALS Corp.  Not certified
Gold  Sancus ZFA (L’Orfebre, SA)  Not certified
Gold  SAXONIA Edelmetalle GmbH  RMAP
Gold  SEMPSA Joyeria Plateria S.A.  LBMA, RMAP
Gold  Shandong Humon Smelting Co., Ltd.  Not certified
Gold  Shandong Tiancheng Biological Gold Industrial Co., Ltd.  Not certified
Gold  Shandong Zhaojin Gold & Silver Refinery Co., Ltd.  LBMA, RMAP
Gold  Shenzhen Zhonghenglong Real Industry Co., Ltd.  Not certified
Gold  Sichuan Tianze Precious Metals Co., Ltd.  LBMA, RMAP
Gold  Singway Technology Co., Ltd.  RMAP
Gold  SOE Shyolkovsky Factory of Secondary Precious Metals  LBMA, RMAP
Gold  Solar Applied Materials Technology Corp.  LBMA, RMAP
Gold  Sovereign Metals  Not certified
Gold  State Research Institute Center for Physical Sciences and Technology  Not certified
Gold  Sudan Gold Refinery  Not certified
Gold  Sumitomo Metal Mining Co., Ltd.  LBMA, RMAP
Gold  SungEel HiMetal Co., Ltd.  RMAP
Gold  T.C.A S.p.A  LBMA, RMAP
Gold  Tanaka Kikinzoku Kogyo K.K.  LBMA, RMAP

 

A-4

 

 

Subject
Mineral		  Name of Smelter/Refiner†  Status*
Gold  The Refinery of Shandong Gold Mining Co., Ltd.  LBMA, RMAP
Gold  Tokuriki Honten Co., Ltd.  LBMA, RMAP
Gold  Tongling Nonferrous Metals Group Co., Ltd.  Not certified
Gold  Tony Goetz NV  Not certified
Gold  TOO Tau-Ken-Altyn  RMAP
Gold  Torecom  RMAP
Gold  Umicore Brasil Ltda.  Not certified
Gold  Umicore Precious Metals Thailand  RJC, RMAP
Gold  Umicore S.A. Business Unit Precious Metals Refining  LBMA, RMAP
Gold  United Precious Metal Refining, Inc.  RMAP
Gold  Valcambi S.A.  LBMA, RJC, RMAP
Gold  Western Australian Mint (T/a The Perth Mint)  LBMA, RMAP
Gold  WIELAND Edelmetalle GmbH  RMAP
Gold  Yamakin Co., Ltd.  RMAP
Gold  Yokohama Metal Co., Ltd.  RMAP
Gold  Yunnan Copper Industry Co., Ltd.  Not certified
Gold  Zhongyuan Gold Smelter of Zhongjin Gold Corporation  LBMA, RMAP
Tantalum  Asaka Riken Co., Ltd.  RMAP
Tantalum  Changsha South Tantalum Niobium Co., Ltd.  RMAP
Tantalum  D Block Metals, LLC  RMAP
Tantalum  Exotech Inc.  RMAP
Tantalum  F&X Electro-Materials Ltd.  RMAP
Tantalum  FIR Metals & Resource Ltd.  RMAP
Tantalum  Global Advanced Metals Aizu  RMAP
Tantalum  Global Advanced Metals Boyertown  RMAP
Tantalum  Guangdong Rising Rare Metals-EO Materials Ltd.  RMAP
Tantalum  Guangdong Zhiyuan New Material Co., Ltd.  RMAP
Tantalum  H.C. Starck Hermsdorf GmbH  RMAP
Tantalum  H.C. Starck Inc.  RMAP
Tantalum  Hengyang King Xing Lifeng New Materials Co., Ltd.  RMAP
Tantalum  Jiangxi Dinghai Tantalum & Niobium Co., Ltd.  RMAP
Tantalum  Jiangxi Tuohong New Raw Material  RMAP
Tantalum  JiuJiang JinXin Nonferrous Metals Co., Ltd.  RMAP
Tantalum  Jiujiang Tanbre Co., Ltd.  RMAP
Tantalum  Jiujiang Zhongao Tantalum & Niobium Co., Ltd.  RMAP
Tantalum  KEMET Blue Metals  RMAP
Tantalum  LSM Brasil S.A.  RMAP
Tantalum  Metallurgical Products India Pvt., Ltd.  RMAP
Tantalum  Mineracao Taboca S.A.  RMAP
Tantalum  Mitsui Mining and Smelting Co., Ltd.  RMAP
Tantalum  Ningxia Orient Tantalum Industry Co., Ltd.  RMAP

 

A-5

 

 

Subject
Mineral		  Name of Smelter/Refiner†  Status*
Tantalum  NPM Silmet AS  RMAP
Tantalum  QuantumClean  RMAP
Tantalum  Resind Industria e Comercio Ltda.  RMAP
Tantalum  Solikamsk Magnesium Works OAO  RMAP
Tantalum  Taki Chemical Co., Ltd.  RMAP
Tantalum  TANIOBIS Co., Ltd.  RMAP
Tantalum  TANIOBIS GmbH  RMAP
Tantalum  TANIOBIS Japan Co., Ltd.  RMAP
Tantalum  TANIOBIS Smelting GmbH & Co. KG  RMAP
Tantalum  Telex Metals  RMAP
Tantalum  Ulba Metallurgical Plant JSC  RMAP
Tantalum  XinXing Haorong Electronic Material Co., Ltd.  RMAP
Tantalum  Yanling Jincheng Tantalum & Niobium Co., Ltd.  RMAP
Tin  Alpha  RMAP
Tin  An Vinh Joint Stock Mineral Processing Company  Not certified
Tin  Chenzhou Yunxiang Mining and Metallurgy Co., Ltd.  RMAP
Tin  Chifeng Dajingzi Tin Industry Co., Ltd.  RMAP
Tin  China Tin Group Co., Ltd.  RMAP
Tin  CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda  RMAP-Active
Tin  CRM Synergies  RMAP-Active
Tin  CV Ayi Jaya  RMAP-Active
Tin  CV Venus Inti Perkasa  RMAP-Active
Tin  Dongguan CiEXPO Environmental Engineering Co., Ltd.  Not certified
Tin  Dowa  RMAP
Tin  Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company  Not certified
Tin  EM Vinto  RMAP
Tin  Estanho de Rondonia S.A.  RMAP-Active
Tin  Fenix Metals  RMAP
Tin  Gejiu City Fuxiang Industry and Trade Co., Ltd.  Not certified
Tin  Gejiu Fengming Metallurgy Chemical Plant  RMAP
Tin  Gejiu Kai Meng Industry and Trade LLC  RMAP
Tin  Gejiu Non-Ferrous Metal Processing Co., Ltd.  RMAP
Tin  Gejiu Yunxin Nonferrous Electrolysis Co., Ltd.  RMAP
Tin  Gejiu Zili Mining And Metallurgy Co., Ltd.  RMAP
Tin  Guangdong Hanhe Non-Ferrous Metal Co., Ltd.  RMAP
Tin  Guanyang Guida Nonferrous Metal Smelting Plant  RMAP
Tin  HuiChang Hill Tin Industry Co., Ltd.  RMAP
Tin  Huichang Jinshunda Tin Co., Ltd.  RMAP
Tin  Jiangxi New Nanshan Technology Ltd.  RMAP
Tin  Luna Smelter, Ltd.  RMAP

 

A-6

 

 

Subject
Mineral		  Name of Smelter/Refiner†  Status*
Tin  Ma'anshan Weitai Tin Co., Ltd.  RMAP
Tin  Magnu's Minerais Metais e Ligas Ltda.  RMAP
Tin  Malaysia Smelting Corporation (MSC)  RMAP
Tin  Melt Metais e Ligas S.A.  RMAP
Tin  Metallic Resources, Inc.  RMAP
Tin  Metallo Belgium N.V.  RMAP
Tin  Metallo Spain S.L.U.  RMAP
Tin  Mineracao Taboca S.A.  RMAP
Tin  Minsur  RMAP
Tin  Mitsubishi Materials Corporation  RMAP
Tin  Modeltech Sdn Bhd  Not certified
Tin  Nghe Tinh Non-Ferrous Metals Joint Stock Company  Not certified
Tin  Novosibirsk Processing Plant Ltd.  RMAP-Active
Tin  O.M. Manufacturing (Thailand) Co., Ltd.  RMAP
Tin  O.M. Manufacturing Philippines, Inc.  RMAP
Tin  Operaciones Metalurgicas S.A.  RMAP
Tin  Pongpipat Company Limited  Not certified
Tin  Precious Minerals and Smelting Limited  Not certified
Tin  PT Aries Kencana Sejahtera  RMAP-Active
Tin  PT Artha Cipta Langgeng  RMAP
Tin  PT ATD Makmur Mandiri Jaya  RMAP
Tin  PT Babel Inti Perkasa  RMAP
Tin  PT Babel Surya Alam Lestari  RMAP
Tin  PT Bangka Serumpun  RMAP
Tin  PT Bukit Timah  RMAP-Active
Tin  PT Lautan Harmonis Sejahtera  RMAP-Active
Tin  PT Menara Cipta Mulia  RMAP
Tin  PT Mitra Stania Prima  RMAP
Tin  PT Mitra Sukses Globalindo  Not certified
Tin  PT Prima Timah Utama  RMAP
Tin  PT Rajawali Rimba Perkasa  RMAP
Tin  PT Rajehan Ariq  RMAP
Tin  PT Refined Bangka Tin  RMAP
Tin  PT Stanindo Inti Perkasa  RMAP
Tin  PT Timah Nusantara  RMAP-Active
Tin  PT Timah Tbk Kundur  RMAP
Tin  PT Timah Tbk Mentok  RMAP
Tin  PT Tinindo Inter Nusa  RMAP
Tin  Resind Industria e Comercio Ltda.  RMAP
Tin  Rui Da Hung  RMAP
Tin  Soft Metais Ltda.  RMAP

 

A-7

 

 

Subject
Mineral		  Name of Smelter/Refiner†  Status*
Tin  Super Ligas  RMAP-Active
Tin  Thai Nguyen Mining and Metallurgy Co., Ltd.  RMAP
Tin  Thaisarco  RMAP
Tin  Tin Technology & Refining  RMAP
Tin  Tuyen Quang Non-Ferrous Metals Joint Stock Company  Not certified
Tin  VQB Mineral and Trading Group JSC  Not certified
Tin  White Solder Metalurgia e Mineracao Ltda.  RMAP
Tin  Yunnan Chengfeng Non-ferrous Metals Co., Ltd.  RMAP
Tin  Yunnan Tin Company Limited  RMAP
Tin  Yunnan Yunfan Non-ferrous Metals Co., Ltd.  RMAP
Tungsten  A.L.M.T. TUNGSTEN Corp.  RMAP
Tungsten  ACL Metais Eireli  RMAP
Tungsten  Albasteel Industria e Comercio de Ligas Para Fundicao Ltd.  RMAP-Active
Tungsten  Artek LLC  RMAP-Active
Tungsten  Asia Tungsten Products Vietnam Ltd.  RMAP
Tungsten  Chenzhou Diamond Tungsten Products Co., Ltd.  RMAP
Tungsten  China Molybdenum Co., Ltd.  RMAP
Tungsten  Chongyi Zhangyuan Tungsten Co., Ltd.  RMAP
Tungsten  CNMC (Guangxi) PGMA Co., Ltd.  Not certified
Tungsten  Cronimet Brasil Ltda  RMAP-Active
Tungsten  Fujian Ganmin RareMetal Co., Ltd.  RMAP
Tungsten  Fujian Jinxin Tungsten Co., Ltd.  Not certified
Tungsten  Ganzhou Haichuang Tungsten Co., Ltd.  RMAP
Tungsten  Ganzhou Huaxing Tungsten Products Co., Ltd.  RMAP
Tungsten  Ganzhou Jiangwu Ferrotungsten Co., Ltd.  RMAP
Tungsten  Ganzhou Seadragon W & Mo Co., Ltd.  RMAP
Tungsten  GEM Co., Ltd.  Not certified
Tungsten  Global Tungsten & Powders Corp.  RMAP
Tungsten  Guangdong Xianglu Tungsten Co., Ltd.  RMAP
Tungsten  H.C. Starck Smelting GmbH & Co. KG  RMAP
Tungsten  H.C. Starck Tungsten GmbH  RMAP
Tungsten  Hunan Chenzhou Mining Co., Ltd.  RMAP
Tungsten  Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji  RMAP
Tungsten  Hunan Chunchang Nonferrous Metals Co., Ltd.  RMAP
Tungsten  Hunan Litian Tungsten Industry Co., Ltd.  RMAP
Tungsten  Hydrometallurg, JSC  RMAP
Tungsten  Japan New Metals Co., Ltd.  RMAP
Tungsten  Jiangwu H.C. Starck Tungsten Products Co., Ltd.  RMAP
Tungsten  Jiangxi Gan Bei Tungsten Co., Ltd.  RMAP
Tungsten  Jiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd.  Not certified
Tungsten  Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.  RMAP

 

A-8

 

 

Subject
Mineral		  Name of Smelter/Refiner†  Status*
Tungsten  Jiangxi Xinsheng Tungsten Industry Co., Ltd.  RMAP
Tungsten  Jiangxi Yaosheng Tungsten Co., Ltd.  RMAP
Tungsten  JSC "Kirovgrad Hard Alloys Plant"  RMAP-Active
Tungsten  Kennametal Fallon  RMAP
Tungsten  Kennametal Huntsville  RMAP
Tungsten  KGETS CO., LTD.  RMAP
Tungsten  Lianyou Metals Co., Ltd.  RMAP
Tungsten  Malipo Haiyu Tungsten Co., Ltd.  RMAP
Tungsten  Masan Tungsten Chemical LLC (MTC)  RMAP
Tungsten  Moliren Ltd.  RMAP
Tungsten  Niagara Refining LLC  RMAP
Tungsten  NPP Tyazhmetprom LLC  RMAP-Active
Tungsten  Philippine Chuangxin Industrial Co., Inc.  RMAP
Tungsten  TANIOBIS Smelting GmbH & Co. KG  RMAP
Tungsten  Tejing (Vietnam) Tungsten Co., Ltd.  RMAP
Tungsten  Unecha Refractory Metals Plant  RMAP
Tungsten  Wolfram Bergbau und Hutten AG  RMAP
Tungsten  Woltech Korea Co., Ltd.  RMAP
Tungsten  Xiamen Tungsten (H.C.) Co., Ltd.  RMAP
Tungsten  Xiamen Tungsten Co., Ltd.  RMAP
Tungsten  Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd.  RMAP
Tungsten  Xinhai Rendan Shaoguan Tungsten Co., Ltd.  RMAP

 

† Smelter or refiner names as reported by Responsible Minerals Initiative.

 

* Status defined as follows:

 

1.    Responsible Minerals Assurance Process: Responsible Minerals Initiative

 

·RMAP: Smelter/refiner has an active certification or is in the process of renewing certification.
   
·RMAP-Active: Smelter/refiner is actively moving through certification process.
   

2.    Responsible Gold Certificate: London Bullion Market Association

 

·LBMA: Smelter/refiner has obtained a Responsible Gold Certification.
   

3.    Chain of Custody Certificate: Responsible Jewellry Council

 

·RJC: Smelter/refiner has obtained a Chain-of-Custody Certification.

 

A-9

 

 

 

Annex B

Below is a list of the mineral country of origin information collected as a result of our due diligence activities:

 

Gold

  

Tantalum

  

Tin

  

Tungsten

Argentina   Angola   Angola   Angola
Armenia   Argentina   Argentina   Argentina
Australia   Australia   Armenia   Australia
Austria   Austria   Australia   Austria
Belgium   Belarus   Austria   Belgium
Bermuda   Belgium   Belgium   Bolivia
Bolivia   Belgium   Bolivia   Brazil
Brazil   Bolivia   Brazil   Burundi
Burundi   Brazil   Burundi   Cambodia
Cambodia   Burundi   Cambodia   Canada
Canada   Cambodia   Canada   Central African Republic
Chile   Canada   Central African Republic   Chile
China   Central African Republic   Chile   China
Colombia   Chile   China   Colombia
Congo (Brazzaville)   China   Colombia   Congo (Brazzaville)
Czech Republic   Colombia   Congo (Brazzaville)   Czech Republic
Djibouti   Congo (Brazzaville)   Czech Republic   Djibouti
DRC- Congo (Kinshasa)   Czech Republic   Djibouti   DRC- Congo (Kinshasa)
Ecuador   Djibouti   DRC- Congo (Kinshasa)   Ecuador
Egypt   DRC- Congo (Kinshasa)   Ecuador   Egypt
Estonia   Ecuador   Egypt   Estonia
Ethiopia   Egypt   Estonia   Ethiopia
Finland   Estonia   Ethiopia   France
France   Ethiopia   France   Germany
Germany   France   Germany   Guinea
Ghana   Germany   Guyana   Guyana
Guinea   Ghana   Hong Kong   Hungary
Guyana   Guinea   Hungary   India
Hong Kong   Guyana   India   Indonesia
Hungary   Hungary   Indonesia   Ireland
India   India   Ireland   Israel
Indonesia   Indonesia   Israel   Ivory Coast
Ireland   Ireland   Ivory Coast   Japan
Israel   Israel   Japan   Kazakhstan
Italy   Italy   Jersey   Korea, Republic of

 

B-1

 

 

Gold

  

Tantalum

  

Tin

  

Tungsten

Ivory Coast   Ivory Coast   Kazakhstan   Laos
Japan   Japan   Kenya   Luxembourg
Jersey   Jersey   Korea, Republic of   Madagascar
Kazakhstan   Kazakhstan   Kyrgyzstan   Malaysia
Korea, Republic of   Kenya   Laos   Mexico
Kyrgyzstan   Korea, Republic of   Luxembourg   Mongolia
Laos   Laos   Madagascar   Mozambique
Luxembourg   Luxembourg   Malaysia   Myanmar
Madagascar   Madagascar   Mexico   Namibia
Malaysia   Malaysia   Mongolia   Netherlands
Mali   Mali   Morocco   Niger
Mexico   Mexico   Mozambique   Nigeria
Mongolia   Mongolia   Myanmar   Papua New Guinea
Mozambique   Mozambique   Namibia   Peru
Myanmar   Myanmar   Netherlands   Philippines
Namibia   Namibia   Niger   Portugal
Netherlands   Netherlands   Nigeria   Recycle/Scrap
New Zealand   Niger   Papua New Guinea   Russian Federation
Niger   Nigeria   Peru   Rwanda
Nigeria   Peru   Philippines   Sierra Leone
Papua New Guinea   Philippines   Poland   Singapore
Peru   Poland   Portugal   Slovakia
Philippines   Portugal   Recycle/Scrap   South Africa
Philippines   Recycle/Scrap   Russian Federation   South Sudan
Poland   Russian Federation   Rwanda   Spain
Portugal   Rwanda   Sierra Leone   Suriname
Recycle/Scrap   Sierra Leone   Singapore   Switzerland
Russian Federation   Singapore   Slovakia   Taiwan
Rwanda   Slovakia   South Africa   Tanzania
Saudi Arabia   South Africa   South Sudan   Thailand
Sierra Leone   South Sudan   Spain   Uganda
Singapore   Spain   Suriname   United Kingdom
Slovakia   Suriname   Sweden   United States
South Africa   Switzerland   Switzerland   Viet Nam
Spain   Taiwan   Taiwan   Zambia
Suriname   Tanzania   Tanzania   Zimbabwe
Sweden   Thailand   Thailand    
Switzerland   Uganda   Turkey    
Taiwan   United Kingdom   Uganda    
Tajikistan   United States   United Kingdom    

 

B-2

 

 

Gold

  

Tantalum

  

Tin

  

Tungsten

Tanzania   Viet Nam   United States    
Thailand   Zambia   Uzbekistan    
Turkey   Zimbabwe   Viet Nam    
United Arab Emirates       Zambia    
United Kingdom       Zimbabwe    
United States            
United States            
Uzbekistan            
Viet Nam            
Zambia            
Zimbabwe            

 

B-3