In July 2010, Congress enacted Section 1502 of the Dodd-Frank Act which requires certain publicly traded companies to annually file a report with the U.S. Securities and Exchange Commission disclosing the source and chain of custody of conflict minerals. “Conflict Minerals” refers to tin, tantalum, tungsten, gold (or their derivatives) originating from the Democratic Republic of the Congo (DRC) and nine adjoining countries where armed groups may be using revenue from mining operations to finance conflicts resulting in human rights abuses.
Mi-Tech Tooling, Inc. is fully committed to complying with the enacted legislation and supporting the efforts being taken by industry groups Electronic Industry Citizenship Coalition (EICC) and Global e-sustainability Initiative (GeSI) to ensure extracted minerals are not originating from mines in the “Conflict Region.”
- Our goal is product Conflict Free Products throughout Mi-Tech Tooling, Inc. by January 2015. To be successful, Mi-Tech Tooling, Inc. will expect its suppliers to source material that is “DRC Conflict Free”, i.e., from scrap/recycle sources, from sources outside the Conflict Region, and/or from non-conflict sources within the DRC and surrounding area.
- Mi-Tech Tooling, Inc. will request the necessary declarations from all its suppliers in compliance with the Dodd-Frank and SEC regulations.
- Mi-Tech Tooling, Inc. suppliers will be expected to pass these requirements on to their supply chain partners who supply those products containing tin, tantalum, tungsten, or gold.
- Mi-Tech Tooling, does not intent to contract for future supply with partners who do not comply with Mi-Tech Tooling, Inc. conflict minerals efforts.