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Conflict minerals: tracing our supply chain

01.01.2015

In 2014 we again undertook due diligence of our supply chains in relation to conflict minerals as required under the Dodd-Frank Act. The results are as follows:

Results of Due Diligence Survey on Smelters (May 2015)

Product "Smelter Facility Location Country" Number of Smelters Suppliers Response Rate
Tin Bolivia, Belgium*, Brazil, China, Indonesia, Malaysia, Peru, Poland, Thailand, United States 27 85,7% Response rate
Tungsten China, Russian Federation, Vietnam, South Africa* 19 100% Response rate
* recycler

As a result of this work we were able to file this disclosure to the US Securities Exchange Commission in compliance with the US Dodd-Frank Act.

Having been involved in developing the OECD guidance on conflict minerals, in 2014 we were invited to present at a UN Global Compact webinar on ‘traceability in minerals and diamonds’. We talked about our approach to responsible sourcing, and how we trace the minerals we use, in line with OECD guidance. We focused in particular on tungsten and tin, as a case study.  We shared what we have learned, including the training we provide to our buyers, and the support we give to our suppliers on this issue.