Form SD Macy's, Inc.
Tweet
Share
E-mailUnited States
Securities and Exchange Commission
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
Macy's, Inc.
(Exact name of registrant as specified in its charter)
Delaware
1-13536
13-3324058
(State or other jurisdiction of incorporation or organization)
(Commission
File Number)
(IRS Employer Identification No.)
7 West Seventh Street
Cincinnati, Ohio
and
151 West 34th Street
New York, New York
45202
10001
(Address of principal executive offices)
(Zip Code)
Dennis J. Broderick, Esq.
(513) 579-7000
(Name and telephone number, including area code, of the
person to contact in connection with this report.)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
X
Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2015.
Section 1 – Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure and Report
As required by Rule 13p-1 under the Securities Exchange Act of 1934, as amended, and Form SD, a Conflict Minerals Report is provided as an exhibit to this Form SD and is available at the following Internet website: http:// www.macysinc.com/social-responsibility.
The information contained on our website is not incorporated by reference into this Form SD or our Conflict Minerals Report and should not be considered part of this Form SD or the Conflict Minerals Report.
Information concerning tin, tantalum, tungsten or gold from recycled or scrap sources that may be contained in our in-scope products is included in the Conflict Minerals Report and is incorporated in this Form SD by reference.
Item 1.02 Exhibit
The Conflict Minerals Report required by Item 1.01 is filed as Exhibit 1.01 to this Form SD.
Section 2 - Exhibits
Item 2.01 Exhibits
Exhibit 1.01 – Conflict Minerals Report for the reporting period January 1, 2015 to December 31, 2015.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
Macy's, Inc.
(Registrant)
By: /s/ Dennis J. Broderick
May 31, 2016
Name: Dennis J. Broderick
Title: Executive Vice President, General Counsel and Secretary
EXHIBIT INDEX
Exhibit
Description
1.01
Conflict Minerals Report for the reporting period January 1, 2015 to December 31, 2015
Exhibit 1.01
Conflict Minerals Report
Macy's, Inc. has included this Conflict Minerals Report as an exhibit to its Form SD for calendar year 2015 as required by Rule 13p-1 under the Securities Exchange Act of 1934, as amended, and Form SD (collectively, the "Conflict Minerals Rule"). The date of filing of this Conflict Minerals Report is May 31, 2016.
Unless the context indicates otherwise, the terms "Company," "we," "its," "us" and "our" refer to Macy's, Inc. and its consolidated subsidiaries. As used herein and in the Conflict Minerals Rule, "Conflict Minerals" or "3TG" are columbite-tantalite (coltan), cassiterite, gold, wolframite and the derivatives tantalum, tin and tungsten, without regard to the location of origin of the minerals or derivative metals.
Forward-Looking Statements
This document contains forward-looking statements within the meaning of the federal securities laws. Any statements that do not relate to historical or current facts or matters are forward-looking statements. You can identify some of the forward-looking statements by the use of forward-looking words, such as "intend" and the like, or the use of future tense. Statements concerning current conditions may also be forward-looking if they imply a continuation of current conditions. Examples of forward-looking statements include, but are not limited to, statements concerning the additional steps that we intend to take to mitigate the risk that our necessary 3TG benefit armed groups.
Forward-looking statements are subject to risks and uncertainties that could cause actual actions or performance to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to, (1) the continued implementation of satisfactory traceability and other compliance measures by our direct and indirect suppliers on a timely basis or at all, (2) whether smelters and refiners and other market participants responsibly source 3TG and (3) political and regulatory developments, whether in the Democratic Republic of the Congo ("DRC") or an adjoining country (collectively, the "Covered Countries"), the United States or elsewhere. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of filing of this document. We do not intend, and undertake no obligation, to publish revised forward-looking statements to reflect events or circumstances after the date of filing of this document or to reflect the occurrence of unanticipated events.
Overview; Applicability of the Conflict Minerals Rule to Our Company
We are an omnichannel retail organization operating stores, websites and mobile applications. As of April 1, 2016, we operated approximately 870 stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's, Bloomingdale's, Bloomingdale's Outlet, Macy's Backstage and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. We sell a wide range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods. We acquired Bluemercury, Inc. in March, 2015 and, therefore, it is not required to be covered by this filing.
In 2015, we purchased merchandise from approximately 3,350 suppliers. We do not manufacture any products. Many of the products that we sell are third party branded products that are available from many retailers, including our company, and are therefore not "in-scope" for purposes of our compliance with the Conflict Minerals Rule. In addition, we believe that most of our products do not contain any 3TG and, for those that do, 3TG content usually constitutes a small portion of the materials content of the products.
A portion of our products are private brand products, primarily consisting of apparel, accessories and home products. We have determined that we are subject to the Conflict Minerals Rule because of the degree of influence that we exercise over the materials, parts, ingredients or components of some of our private brand products that contain 3TG. Taken together as a whole, our in-scope products include all four 3TG, but each in-scope product does not contain all four 3TG. With respect to 2015, we sourced our private brand products and components that potentially contained 3TG from approximately 750 suppliers, or approximately 22%, of our total supplier base (we refer to the suppliers of such private-brand merchandise, both in respect of 2015 and generally as "Suppliers"). The responses that we received from our Suppliers in respect of 2015 indicated that only a small portion of these Suppliers supplied us with products that were in-scope for our Conflict Minerals Rule compliance. See "Product Information" below for additional information concerning our in-scope products.
We do not directly source 3TG from mines, smelters or refiners, and we believe that we are in most cases many levels removed from these market participants. However, through the efforts described in this Conflict Minerals Report, we seek to ensure that our sourcing practices are consistent with our responsible sourcing values.
Management Systems and Reporting
Our 3TG program includes the following established systems and controls. Our management systems are intended to conform to Step 1 of the OECD Guidance (as defined later in this Conflict Mineral Report).
a. We have established a task force that includes senior staff under the General Counsel charged with managing our 3TG compliance strategy. The following functional areas are represented on the task force: Financial Reporting; Information Technology; Internal Audit; Legal; Overseas Offices; Quality Assurance/Product Integrity; Risk Management; and Social Compliance. In addition, we include merchants and product development teams from all of our business divisions in the compliance process.
b. We utilize specialist outside counsel and other consultants to advise us in connection with our Conflict Minerals Rule compliance. In addition, we use a third-party information management service provider (the "Service Provider") to assist with our RCOI and due diligence, including to, on our behalf, (i) engage in supplier outreach and follow-up, (ii) validate supplier responses, (iii) identify risks based on smelter and refiner sourcing practices of suppliers and (iv) store records of due diligence processes, findings and resulting decisions on a computerized database. Some of the RCOI and due diligence activities described in this Conflict Minerals Report were performed on our behalf by the Service Provider.
c. We use the Conflict Minerals Reporting Template (the "CMRT") developed by the Conflict-Free Sourcing Initiative (the "CFSI") to determine the Suppliers that include 3TG in our private-label products and to identify smelters and refiners in our supply chain. Each year, we request that Suppliers complete the CMRT version recommended by the CFSI for that year.
d. We have adopted both a corporate and vendor Conflict Minerals Policy. We communicate the applicable policy to impacted company personnel and to our Suppliers and have implemented procedures to ensure that new suppliers receive and review the vendor Conflict Minerals Policy. We have posted the corporate Conflict Minerals Policy on our corporate Internet website, at http://macysinc.com/social-responsibility/conflict-minerals-policy. We do not seek to embargo the sourcing of 3TG from the DRC region.
e. We required Suppliers to source metal trim components from a conflict free nominated trim supplier list. The trim program covers all zippers, all children's press fasteners, and all other metal trim components for apparel, accessories, footwear, home textiles and plush toys.
f. Our private brand purchase order terms and conditions and certain testing and vendor standards manuals include a provision requiring Suppliers to acknowledge, accept and agree that all products supplied to us will be free of any 3TG sourced from mines, smelters or refiners that finance or benefit armed groups in a Covered Country.
g. We encourage participation in the multi-stakeholder initiatives relating to 3TG traceability and compliance of the following organizations, all of which we are members of: the CFSI, American Apparel and Footwear Association; the National Retail Federation; and the United States Fashion Industry Association.
h. We maintain business records relating to 3TG due diligence, including records of our due diligence processes, findings and resulting decisions, for at least five years. We also have instructed the Service Provider to maintain our records in its possession for at least five years.
i. We have a mechanism at www.macysinc.com/contact-us that enables internal and external stakeholders to provide comments or questions, or register grievances, to us on various subjects, including with respect to the sourcing of 3TG contained in our products.
Step 5 of the OECD Guidance contemplates public reporting on supply chain due diligence. We take the following steps in respect of Step 5 of the OECD Guidance:
a. We publish a Report on Social Responsibility, which we make publicly available on our website that discusses our position on 3TG sourcing.
b. We file a Form SD and Conflict Minerals Report with the Securities and Exchange Commission, which we make publicly available on our website.
Reasonable Country of Origin Inquiry Information
As required by the Conflict Minerals Rule, for 2015, we conducted a "reasonable country of origin inquiry" ("RCOI"). We designed our RCOI in good faith to determine the origin of 3TG that are necessary to the functionality or production of products that we contract to manufacture. Our RCOI utilized the management systems described above.
Our outreach for 2015 included 751 Suppliers of our private-brand merchandise. We received a response from over 86% of the Suppliers surveyed. The Suppliers identified 151 smelters and refiners that may be in our supply chain. Based on our RCOI, we concluded that 147 of these smelters and refiners sourced entirely from outside of the Covered Countries, including from recycled or scrap sources. Our conclusions concerning mineral origin are based on information from CFSI member data.
For our 2015 RCOI, we utilized the following processes. See "Due Diligence Program Execution" for additional information concerning the processes and procedures followed by the Service Provider on our behalf.
a. The Service Provider requested that the Suppliers complete a CMRT. Following the initial introduction to the 3TG compliance program and the CMRT information request, the Service Provider sent reminder emails to each non-responsive Supplier requesting completion of the CMRT. The Service Provider contacted by phone the Suppliers who remained non-responsive to the email reminders. When needed, the Service Provider obtained assistance from our personnel in reaching out to non-responsive Suppliers.
b. The Service Provider, in conjunction with our personnel, reviewed the completed responses received from Suppliers. The Service Provider reviewed the responses for plausibility, consistency and gaps as described in its procedures.
c. If a Supplier was unable to provide information concerning the processors of 3TG in its supply chain, the Service Provider requested information on the Supplier's suppliers of products or components that may have required 3TG for their functionality or production (the "Tier 2 suppliers"). The Tier 2 suppliers, and subsequent tiers of suppliers as identified to the Service Provider, were contacted by the Service Provider and asked to complete a CMRT. The Service Provider sent reminder emails to each non-responsive Tier 2 and subsequent tiers of suppliers requesting completion of the CMRT. The Service Provider contacted by phone those suppliers who remained non-responsive to the email reminders.
d. If a Supplier indicated that there is no 3TG content in the products that it supplied to us, a senior executive of the Supplier was requested to certify to that determination.
e. To the extent that a completed response identified a smelter or refiner, the Service Provider reviewed this information against the list of compliant or the equivalent smelters and refiners published in connection with the CFSI's Conflict-Free Smelter Program ("CFSP"), the London Bullion Market Association's ("LBMA") Good Delivery List and the Responsible Jewellery Council's ("RJC") Chain-of-Custody Certification.
Pursuant to the Conflict Minerals Rule, based on the results of our RCOI, we were required to conduct due diligence for 2015. These due diligence efforts are discussed below.
Due Diligence Program Design
We designed our due diligence measures relating to 3TG in general conformance with the criteria set forth in the Organisation for Economic Co-operation and Development's Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, including the Supplement on Tin, Tantalum and Tungsten and the Supplement on Gold (Second Edition 2013) (the "OECD Guidance").
Due Diligence Program Execution
We undertook the following due diligence measures with respect to the source and chain of custody of the 3TG that are necessary to the functionality or production of products that we contracted to manufacture for 2015. These were not all of the measures that we took in furtherance of our 3TG compliance program or pursuant to the Conflict Minerals Rule and the OECD Guidance.
a. The Service Provider reviewed the responses on the CMRTs received from Suppliers for plausibility, consistency and gaps as described in its procedures. It followed up by email or phone with Suppliers that submitted a response that triggered specified quality control flags. Under the Service Provider's procedures, responses that do not identify a smelter or refiner, responses that indicate a sourcing location without supporting information, and organizations that are identified as smelters or refiners but were not identified as such by the CFSI trigger follow-up with either the Supplier or the smelter or refiner.
b. For those smelters and refiners identified by a Supplier that were not listed as compliant or the equivalent by the CFSI, LBMA or the RJC, the Service Provider attempted to contact the smelter or refiner to gain information about its sourcing practices and to determine the source and chain of custody of the 3TG it processed. Internet research also was performed by it to determine whether there were any outside sources of information regarding the smelter's or refiner's sourcing practices.
c. Our 3TG task force reported the findings of its supply chain risk assessment to our General Counsel.
d. In addition, to enhance the effectiveness of our compliance program and mitigate the risk that the necessary 3TG contained in our in-scope products directly or indirectly finance or benefit armed groups in a Covered Country, we have taken the actions below in connection with our 3TG program:
1. We educated senior management at both Macy's and Bloomingdale's, our merchants, our international general managers, our product development personnel and selected other internal personnel on the Conflict Minerals Rule and our compliance plan. We did so in writing, by telephone and through in-person meetings.
2. We furnished the Suppliers with written communications discussing the Conflict Minerals Rule, the OECD Guidance and our compliance requirements. In addition, we made available to the Suppliers free access to the multi-industry Conflict Minerals Resource Center site sponsored by seven industry associations and two service providers that provides, among other things, information and web-based training for suppliers with respect to the Conflict Minerals Rule and compliance requirements.
3. The Service Provider requested from each new Supplier that is not covered by our nominated trim supplier program a copy of that Supplier's Conflict Minerals policy. We also reached out to Suppliers that failed to respond to our policy request during 2014. Over 77% of the Suppliers that received such a request from us during this reporting period complied with our request. Company personnel reviewed the Supplier policies and encouraged Suppliers with 3TG policies that did not include due diligence frameworks and management systems to review the training and educational materials available to them and revise their policies and processes to better facilitate traceability of their supply chains and conflict free sourcing.
4. The Service Provider requested an acknowledgment from each Supplier that it had reviewed our vendor Conflict Minerals Policy, understood its requirements and would comply with them. We received affirmative acknowledgment of our Conflict Minerals Policy from 98% of the Suppliers.
5. We developed and implemented an escalation process for trim Suppliers not responsive to or in compliance with our nominated trim supplier program. Under our risk mitigation strategy, we take such other risk mitigation steps as we deem appropriate based on the findings of our supply chain risk assessment.
e. We do not conduct audits of smelters and refiners due to our location in the supply chain. However, in connection with our due diligence, we utilize information made available by the CFSI, LBMA and RJC concerning independent third party audits of smelters and refiners. We also seek to meet Step 4 of the OECD Guidance through our membership in the CFSI, which operates the Conflict-Free Smelter Program.
Product Information
Our in-scope products included:
1. apparel, that includes functional metal hardware such as zippers and other functional trim;
2. accessories, primarily consisting of handbags, shoes, belts and jewelry; and
3. home goods, primarily consisting of cookware and kitchen gadgets.
However, not all of our products in each of these categories contained 3TG or were otherwise in-scope for purposes of our compliance with the Conflict Minerals Rule.
For a broader discussion of our products, see our Annual Report on Form 10-K for the fiscal year ended January 30, 2016. The information contained in our Form 10-K is not incorporated by reference into this Conflict Minerals Report or our Form SD and should not be considered part of this Conflict Minerals Report or our Form SD.
Identified Smelters and Refiners; Country of Origin
The Suppliers identified to us 151 smelters and refiners that may have been used to supply the 3TG contained in our in-scope products.
• 111 of the identified smelters and refiners were listed as compliant by the CFSI.
• 10 of the identified smelters and refiners were listed as active by the CFSI.
• According to CFSI member data, 4 of the identified smelters and refiners may have sourced in part from mines located in a Covered Country. Each of these 4 smelters and refiners were listed as compliant by the CFSI.
The foregoing facilities are listed on Annex 1. Annex 1 also lists possible countries of origin of the 3TG processed by certain of the smelters and refiners. Due to our position in the supply chain, which we discuss earlier in this Conflict Minerals Report, we rely on our suppliers for accurate smelter and refiner information. Our due diligence measures cannot provide absolute certainty regarding the source and chain of custody of the necessary 3TG contained in our 2015 in-scope products.
The Suppliers generally reported smelter and refiner information at a company level (i.e., for all of their products, not just those that they sold to us). Therefore, we were unable to conclusively determine whether any of the identified smelters or refiners were actually in our supply chain. In addition, the smelters and refiners identified by the Suppliers may not include all of the smelters and refiners in our supply chain, since some Suppliers did not identify all or part of their smelters and refiners and because not all Suppliers responded to our inquiries. See the notes to the table in Annex 1 for additional information concerning the data presented in the table.
For 2015, we were unable to determine the origin of at least a portion of the necessary 3TG in each of our in-scope products. None of the necessary 3TG contained in the in-scope products were determined by us to directly or indirectly finance or benefit armed groups in a Covered Country. However, we did not conclude that any of our in-scope products were "DRC conflict free". The terms "adjoining country," "armed group" and "DRC conflict free" have the meanings contained in the Conflict Minerals Rule.
We endeavored to determine the mine or location of origin of the necessary 3TG contained in our in-scope products by requesting that the Suppliers provide us with a completed CMRT and through the other measures described in this Conflict Minerals Report. For the smelters and refiners that were identified by the Suppliers, to the extent that the origin of their 3TG was not known to the Service Provider, it attempted to contact the smelter or refiner and/or consulted publicly available information to attempt to determine the mine or location of origin of the 3TG processed by the smelter or refiner.
Future Risk Mitigation Efforts
We intend to take the following additional steps to improve our due diligence measures and mitigate the risk that the necessary 3TG in our in-scope products benefit armed groups:
1. Continue to enhance our nominated trim supplier program, including through training of new merchants and Suppliers.
2. Continue to require Suppliers not covered by our nominated trim supplier program to upload copies of their 3TG policies and require such Suppliers that do not have a 3TG policy to adopt one.
3. Review Supplier 3TG policies for conformance to our requirements, including checking to see that their policies do not provide for an embargo of the DRC region.
4. Monitor Supplier compliance with our nominated trim supplier program and determine steps to implement our escalation process for Suppliers that are non-responsive or not in compliance.
5. With the assistance of the Service Provider, conduct independent research on smelters and refiners that were reported to us that are not operational or may have been misidentified, and work directly with Suppliers to re-validate, improve and refine their reported information.
6. Continue to engage with Suppliers that provided incomplete responses or that did not provide responses for 2015 to help ensure that they provide requested information for 2016.
7. Expand our 3TG program to include Bluemercury suppliers as appropriate.
8. Monitor and encourage the continuing development and progress of traceability measures at Suppliers that indicated for 2015 that the source of 3TG was unknown or undeterminable.
9. Continue to participate in selected industry initiatives to identify smelters and refiners in the supply chain.
10. Request that our Tier 1 Suppliers continue to encourage uncertified smelters and refiners identified in our due diligence process to participate in a program such as the CFSP to obtain a compliant designation.
All of the foregoing steps are in addition to the steps that we took in respect of 2015, which we intend to continue to take in respect of 2016 to the extent applicable.
ANNEX 1
Capitalized terms used and not otherwise defined in this Annex have the meanings set forth in the Conflict Minerals Report of which this Annex is a part.
Smelters and Refiners
The following facilities may have been used to process the necessary 3TG in our in-scope products. Please see the notes that accompany the table for information concerning the data in the table.
Conflict
Mineral
Smelter/Refiner
Smelter Country Location
Compliance Status
Gold
Aida Chemical Industries Co., Ltd.
Japan
Compliant
Gold
Argor-Heraeus SA
Switzerland
Compliant
Gold
Asahi Pretec Corporation
Japan
Compliant
Gold
Asahi Refining Canada Limited
Canada
Compliant
Gold
Asahi Refining USA Inc.
United States
Compliant
Gold
Asaka Riken Co., Ltd.
Japan
Compliant
Gold
Aurubis AG
Germany
Compliant
Gold
Bangko Sentral ng Pilipinas (Central Bank of the Philippines)
Philippines
Compliant
Gold
Boliden AB
Sweden
Compliant
Gold
C. Hafner GmbH + Co. KG
Germany
Compliant
Gold
CCR Refinery – Glencore Canada Corporation
Canada
Compliant
Gold
Chimet S.p.A.
Italy
Compliant
Gold
DODUCO GmbH
Germany
Compliant
Gold
Dowa
Japan
Compliant
Gold
Eco-System Recycling Co., Ltd.
Japan
Compliant
Gold
Elemental Refining, LLC
United States
Compliant
Gold
Emirates Gold DMCC
United Arab Emirates
Compliant
Gold
Heimerle + Meule GmbH
Germany
Compliant
Gold
Heraeus Ltd. Hong Kong
China
Compliant
Gold
Heraeus Precious Metals GmbH & Co. KG
Germany
Compliant
Gold
Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited
China
Compliant
Gold
Ishifuku Metal Industry Co., Ltd.
Japan
Compliant
Gold
Istanbul Gold Refinery
Turkey
Compliant
Gold
Japan Mint
Japan
Compliant
Gold
Jiangxi Copper Company Limited
China
Compliant
Gold
JSC Ekaterinburg Non-Ferrous Metal Processing Plant
Russia
Compliant
Gold
JSC Uralelectromed
Russia
Compliant
Gold
JX Nippon Mining & Metals Co., Ltd.
Japan
Compliant
Gold
Kazzinc
Kazakhstan
Compliant
Gold
Kennecott Utah Copper LLC
United States
Compliant
Gold
Kojima Chemicals Co., Ltd.
Japan
Compliant
Gold
LS-NIKKO Copper Inc.
South Korea
Compliant
Gold
Materion
United States
Compliant
Gold
Matsuda Sangyo Co., Ltd.
Japan
Compliant
Gold
Metalor Technologies (Hong Kong) Ltd.
China
Compliant
Gold
Metalor Technologies (Singapore) Pte., Ltd.
Singapore
Compliant
Gold
Metalor Technologies SA
Switzerland
Compliant
Gold
Metalor USA Refining Corporation
United States
Compliant
Gold
METALÚRGICA MET-MEX PEÑOLES, S.A. DE C.V.
Mexico
Compliant
Gold
Mitsubishi Materials Corporation
Japan
Compliant
Gold
Mitsui Mining & Smelting
Japan
Compliant
Gold
Moscow Special Alloys Processing Plant
Russia
Compliant
Gold
Nadir Metal Rafineri San. Ve Tic. A.Ş.
Turkey
Compliant
Gold
Nihon Material Co., Ltd.
Japan
Compliant
Gold
Ohura Precious Metal Industry Co., Ltd.
Japan
Compliant
Gold
OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet)
Russia
Compliant
Gold
OJSC Novosibirsk Refinery
Russia
Compliant
Gold
PAMP SA
Switzerland
Compliant
Gold
Prioksky Plant of Non-Ferrous Metals
Russia
Compliant
Gold
PT Aneka Tambang (Persero) Tbk
Indonesia
Compliant
Gold
PX Précinox SA
Switzerland
Compliant
Gold
Rand Refinery (Pty) Ltd.
South Africa
Compliant
Gold
Republic Metals Corporation
United States
Compliant
Gold
Royal Canadian Mint
Canada
Compliant
Gold
Schöne Edelmetaal B.V.
Netherlands
Compliant
Gold
SEMPSA Joyería Platería SA
Spain
Compliant
Gold
Shandong Zhaojin Gold & Silver Refinery Co., Ltd.
China
Compliant
Gold
Sichuan Tianze Precious Metals Co., Ltd.
China
Compliant
Gold
SOE Shyolkovsky Factory of Secondary Precious Metals
Russia
Compliant
Gold
Solar Applied Materials Technology Corp.
Taiwan
Compliant
Gold
Sumitomo Metal Mining Co., Ltd.
Japan
Compliant
Gold
Tanaka Kikinzoku Kogyo K.K.
Japan
Compliant
Gold
The Refinery of Shandong Gold Mining Co., Ltd.
China
Compliant
Gold
Tokuriki Honten Co., Ltd.
Japan
Compliant
Gold
Umicore Brasil Ltda.
Brazil
Compliant
Gold
Umicore Precious Metals Thailand
Thailand
Compliant
Gold
Umicore SA Business Unit Precious Metals Refining
Belgium
Compliant
Gold
Valcambi SA
Switzerland
Compliant
Gold
Western Australian Mint trading as The Perth Mint
Australia
Compliant
Gold
Yamamoto Precious Metal Co., Ltd.
Japan
Compliant
Gold
Yokohama Metal Co., Ltd.
Japan
Compliant
Gold
Zhongyuan Gold Smelter of Zhongjin Gold Corporation
China
Compliant
Gold
Zijin Mining Group Co., Ltd. Gold Refinery
China
Compliant
Gold
Advanced Chemical Company
United States
Active
Gold
Cendres + Métaux SA
Switzerland
Active
Gold
Daejin Indus Co., Ltd.
Korea
Active
Gold
DSC (Do Sung Corporation)
Korea
Active
Gold
Faggi Enrico S.p.A.
Italy
Active
Gold
Navoi Mining and Metallurgical Combinat
Uzbekistan
Active
Gold
Torecom
Korea
Active
Gold
Atasay Kuyumculuk Sanayi Ve Ticaret A.S.
Turkey
Known
Gold
Caridad
Mexico
Known
Gold
Chugai Mining
Japan
Known
Gold
Daye Non-Ferrous Metals Mining Ltd.
China
Known
Gold
Gansu Seemine Material Hi-Tech Co Ltd
China
Known
Gold
Guangdong Jinding Gold Limited
China
Known
Gold
Hangzhou Fuchunjiang Smelting Co., Ltd.
China
Known
Gold
Hunan Chenzhou Mining Co., Ltd.
China
Known
Gold
Hwasung CJ Co. Ltd
Korea
Known
Gold
Kaloti Precious Metals
United Arab Emirates
Known
Gold
Korea Metal Co. Ltd
Korea
Known
Gold
Kyrgyzaltyn JSC
Kyrgyzstan
Known
Gold
L'azurde Company for Jewelry
Saudi Arabia
Known
Gold
Lingbao Jinuan Tonghui Refinery Co. Ltd.
China
Known
Gold
Luo yang Zijin Yinhui Metal Smelt Co Ltd
China
Known
Gold
Morris and Watson
New Zealand
Known
Gold
Penglai Penggang Gold Industry Co Ltd
China
Known
Gold
Sabin Metal Corp.
Czech Republic
Known
Gold
SAMWON METALS Corp.
Korea
Known
Gold
So Accurate Group, Inc.
United States
Known
Gold
The Great Wall Gold and Silver Refinery of China
China
Known
Gold
TongLing Nonferrous Metals Group Holdings Co., Ltd
China
Known
Gold
Yunnan Copper Industry Co Ltd
China
Known
Tin
Alpha
United States
Compliant
Tin
China Tin Group Co., Ltd.
China
Compliant
Tin
Cooperativa Metalurgica de Rondȏnia Ltda.
Brazil
Compliant
Tin
CV Serumpun Sebalai
Indonesia
Compliant
Tin
CV United Smelting
Indonesia
Compliant
Tin
EM Vinto
Bolivia
Compliant
Tin
Fenix Metals
Poland
Compliant
Tin
Gejiu Non-Ferrous Metal Processing Co., Ltd.
China
Compliant
Tin
Jiangxi Ketai Advanced Material Co., Ltd.
China
Compliant
Tin
Magnu's Minerais Metais e Ligas Ltda.
Brazil
Compliant
Tin
Malaysia Smelting Corporation (MSC)
Malaysia
Compliant
Tin
Melt Metais e Ligas S/A
Brazil
Compliant
Tin
Metallo-Chimique N.V.
Belgium
Compliant
Tin
Minsur
Peru
Compliant
Tin
Mitsubishi Materials Corporation
Japan
Compliant
Tin
O.M. Manufacturing (Thailand) Co., Ltd.
Thailand
Compliant
Tin
Operaciones Metalurgical S.A.
Bolivia
Compliant
Tin
PT Artha Cipta Langgeng
Indonesia
Compliant
Tin
PT Babel Inti Perkasa
Indonesia
Compliant
Tin
PT Bamgka Tin Industry
Indonesia
Compliant
Tin
PT Belitung Industri Sejahtera
Indonesia
Compliant
Tin
PT Bukit Timah
Indonesia
Compliant
Tin
PT DS Jaya Abadi
Indonesia
Compliant
Tin
PT Eunindo Usaha Mandiri
Indonesia
Compliant
Tin
PT Mitra Stania Prima
Indonesia
Compliant
Tin
PT Prima Timah Utama
Indonesia
Compliant
Tin
PT Refined Bangka Tin
Indonesia
Compliant
Tin
PT Sariwiguna Binasentosa
Indonesia
Compliant
Tin
PT Stanindo Inti Perkasa
Indonesia
Compliant
Tin
PT Timah (Persero) Tbk Kundur
Indonesia
Compliant
Tin
PT Timah (Persero) Tbk Mentok
Indonesia
Compliant
Tin
PT Tinindo Inter Nusa
Indonesia
Compliant
Tin
Rui Da Hung
Taiwan
Compliant
Tin
Soft Metals Ltda.
Brazil
Compliant
Tin
Thaisarco
Thailand
Compliant
Tin
White Solder Metalurgia e Mineração Ltda.
Brazil
Compliant
Tin
Yunnan Tin Group (Holding) Company Limited
China
Compliant
Tin
Gejiu Kai Meng Industry and Trade LLC
China
Active
Tin
PT Karimun Mining
Indonesia
Active
Tin
Yunnan Chengfeng Non-ferrous Metals Co., Ltd.
China
Active
Tin
Chenzhou Yunxiang Mining and Metallurgy Company Limited
China
Known
Tin
CNMC (Guangxi) PGMA Co. Ltd.
China
Known
Tin
Dowa
Japan
Known
Tin
Estanho de Rondȏnia S.A.
Brazil
Known
Tin
Gejiu Zi-Li
China
Known
Tin
Huichang Jinshunda Tin Co. Ltd.
China
Known
Tin
Linwu Xianggui Smelter Co
China
Known
Tin
Mineração Taboca S.A.
Brazil
Known
Tin
Nankang Nanshan Tin Co., Ltd.
China
Known
Tungsten
Ganzhou Huaxing Tungsten Products Co., Ltd.
China
Compliant
We note the following in connection with the information contained in the foregoing table:
a. The table only includes entities that were listed as smelters or refiners by the CFSI, the U.S. Department of Commerce, the LBMA or the RJC.
b. Smelter and refiner status information in the table is as of April 9, 2016 and is based solely on information made publicly available by the CFSI, LBMA or the RJC, without independent verification by us.
c. "Compliant" means that a smelter or refiner is listed as compliant with the CFSP's assessment protocols, including through mutual recognition, and those listed as "Re-audit in process" by the CFSI. Included smelters and refiners were not necessarily Compliant for all or part of 2015 and may not continue to be Compliant for any future period. We do not have information on the origin of the Conflict Minerals processed by any of the Compliant smelters and refiners prior to their respective compliance dates.
d. "Active" means that the smelter or refiner is listed by the CFSI as having submitted a signed Agreement for the Exchange of Confidential Information and Auditee Agreement contracts to the CFSP or, according to information published by the CFSI, the smelter has agreed to complete a CFSP validation audit within two years of membership issuance by the Tungsten Industry – Conflict Minerals Council.
e. "Known" means that a smelter or refiner is listed on the CFSI CMRT Smelter Reference List Names tab or the Commerce Department list, but is not listed as "Compliant" or "Active".
f. "Smelter Country Location" is the country in which the smelter or refiner is located. Country location is based solely on information made publicly available by the CFSI, without independent verification by us.
Country of Origin
The countries of origin of the 3TG processed by the Compliant smelters and refiners listed above may have included countries in each of the categories listed below. The listed countries of origin are derived from information made available by the CFSI to its members. Except for the DRC, the CFSI does not indicate individual countries of origin of the 3TG processed by Compliant smelters and refiners. Instead, the CFSI indicates country of origin by category. In addition, for some of the listed Compliant smelters and refiners, origin information is not disclosed. The countries below are sorted by risk level.
L1 – Countries that are not identified as conflict regions or plausible areas of smuggling or export of 3TG from these regions: Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Cambodia, Canada, Chile, China, Colombia, Cote d'Ivoire, Czech Republic, Djibouti, Ecuador, Egypt, Estonia, Ethiopia, France, Germany, Guyana, Hungary, India, Indonesia, Ireland, Israel, Japan, Kazakhstan, Laos, Luxembourg, Madagascar, Malaysia, Mongolia, Myanmar, Namibia, Netherlands, Nigeria, Peru, Portugal, Russia, Sierra Leone, Singapore, Slovakia, South Korea, Spain, Suriname, Switzerland, Taiwan, Thailand, United Kingdom, United States, Vietnam and Zimbabwe.
L2 – Countries that are known or plausible countries for smuggling, export out of region or transit of materials containing 3TG: Kenya, Mozambique and South Africa.
L3 – The DRC and its nine adjoining countries: Angola, Burundi, Central African Republic, Republic of Congo, Rwanda, South Sudan, Uganda, United Republic of Tanzania and Zambia.
DRC – The Democratic Republic of the Congo.
In addition, some of the Compliant smelters and refiners may have processed 3TG originating in whole or in part from recycled or scrap sources.
For 2015, we were not able to determine the country of origin of the 3TG processed by any of the smelters or refiners listed as "Active" or "Known".
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- LensCrafters Launches Second Season of Its Immersive Experience on Roblox
- TabaPay to Acquire the Assets of Synapse Financial Technologies, Inc.
- Averill & Reaney Attorneys at Law Unveils New Community Recovery Initiative
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
