Exhibit 1.01
SMTC Corporation
Conflict Minerals Report
For The Reporting Period January 1 to December 31, 2019
This Conflict Minerals Report (“CMR”) has been prepared by SMTC Corporation (herein referred to, alternatively, as “SMTC,” “we”, “us” and “our”). This CMR for the reporting period January 1 to December 31, 2019 is presented to comply with the final conflict minerals implementing rules (“Final Rules”) promulgated by the Securities and Exchange Commission (“SEC”), as modified by subsequent SEC guidance. The Final Rules were adopted to implement reporting and disclosure requirements related to conflict minerals as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 as codified in Section 13(p) of the Securities Exchange Act of 1934, as amended. The Final Rules impose reporting obligations on SEC registrants whose manufactured products contain conflict minerals that are necessary to the functionality or production of their products. “Conflict minerals” are currently defined by the SEC as cassiterite, columbite-tantalite (coltan), gold, wolframite, or their derivatives, which the SEC has currently limited to tin, tantalum, tungsten and gold.
To comply with the Final Rules, we conducted due diligence on the origin, source and chain of custody of the conflict minerals that were necessary to the functionality or production of the products that we manufactured or contracted to manufacture the “Covered Products” to ascertain whether these conflict minerals originated in the Democratic Republic of Congo or an adjoining country (collectively, “Covered Countries”) and financed or benefited armed groups (as defined in Section 1, Item 1.01(d)(2) of Form SD) in any of these countries and whether any of the conflict minerals may be from recycled or scrap sources.
Pursuant to SEC guidance, SMTC is not required to describe any of its Covered Products as “DRC conflict free”, “DRC conflict undeterminable” or “having not been found to be ‘DRC conflict free’” (as each such term is defined in Item 1.01(d) of Form SD), and therefore makes no conclusion in this regard in this CMR. Furthermore, given that SMTC has not voluntarily elected to describe any of its Covered Products as “DRC conflict free,” an independent private sector audit of the report presented herein has not been conducted.
I. | Company Overview |
SMTC is a provider of end-to-end electronics manufacturing services (“EMS”), including product design and engineering services, printed circuit board assembly (“PCBA”), production, enclosure, cable assembly, precision metal fabrication, systems integration and comprehensive testing services, configuration to order (“CTO”), build to order (“BTO”) and direct order fulfillment (“DOF”). We have more than 50 manufacturing and assembly lines worldwide at strategically located facilities in the United States and Mexico, that provide local support, flexibility, fast turn around and delivery time, and low-cost, volume manufacturing capabilities, as well as new product integration (“NPI”) services, to our global customers. Our services extend over the entire electronic product life cycle from new product development and NPI, through to growth, maturity and end of life phases. As of March 31, 2020, we had approximately 2,877 employees, of which 2,436 were full time and contract employees. We maintain our corporate headquarters in Markham, Canada.
SMTC offers fully integrated contract manufacturing services to global original equipment manufacturers (“OEMs”), technology companies, Defense Prime Contractors, the U.S. Department of Defense (“DoD”), and various government agencies. We are focused on seven market sectors:
| • | Avionics, aerospace and defense; |
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| • | Industrial, power and clean technology; |
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| • | Medical and safety; |
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| • | Retail and payment systems; |
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| • | Semiconductors; |
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| • | Telecom, networking and communications; and |
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| • | Test and measurement. |
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II. | Product Overview |
SMTC’s EMS activities span the entire electronic product life cycle from the development and introduction of new products through the growth, maturity, and end-of-life phases. We believe that SMTC’s focus on quality, superior supply chain management and innovative manufacturing services have the capability to reduce our customers’ product costs and time-to-market, which improves our customers’ competitiveness. We continuously work with our customers to identify, prioritize and implement opportunities for cost reduction.
SMTC offers three vertically integrated manufacturing streams: enclosures and precision metal fabrication products; PCBA products; and larger-scale systems. For each of these streams, SMTC provides a broad range of end-to-end manufacturing services, from assembly, test, integration and box-build through to system level test, CTO, BTO and DOF. These core services are complemented with cable assembly, interconnect and value engineering services. SMTC’s three manufacturing streams are vertically integrated to better control quality, lead times and inventory risk and to avoid lost margin that can occur when these services are provided by loosely connected entities. Our customers benefit from lower costs, better quality, and shorter lead times.
Our Covered Products.
We identified the following categories of Covered Products:
| ● | Enclosures and Precision Metal Fabrication Products: We provide custom build metal fabrication, assembly enclosures, cable and harness assemblies. |
| ● | PCBA Products: We manufacture printed circuit board assemblies for various consumer and commercial products including audio systems, electronic payment terminals, fuel dispensers and computer and networking modules. |
| ● | Larger-Scale Systems: We manufacture subassemblies utilized in large scale systems used for the production of integrated circuits in the semiconductor industry. |
III. | Supply Chain Overview |
SMTC delivers supply chain capabilities and solutions that support the total product lifecycle. Our extended supply chain model recognizes the need for collaboration between our customers, SMTC and our supply partners to ensure overall supply chain optimization, from product design processes, manufacturing, sourcing, order management and fulfillment to transportation and logistics. The end result is greater control over a complex, extended supply chain to help our customers realize flexibility, cost savings, process improvements, and competitive advantages.
IV. | Conflict Minerals Analysis and Reasonable Country of Origin Inquiry |
Based upon a review of our products and our reasonable country of origin inquiry (“RCOI”), we have concluded that:
| ● | Those products identified above under the heading “Our Covered Products” contain conflict minerals that are necessary to the production or functionality of such products; and |
| ● | As of May 15, 2020, suppliers who have responded to our survey indicated that a portion of these conflict minerals originated from the Covered Countries. Please reference Table 1 below for a summary of the results based upon the surveys returned. |
| ● | The global impacts of COVID-19 in 2020 have proven to be a strain on many supply chains. Many companies, including SMTC, have seen a decrease in responsiveness for compliance requests, which is likely a result of the global impacts of COVID-19. For conflict minerals compliance, the reliance on upstream suppliers for information escalates that impact as such suppliers may have less ability to work remotely in an effective and efficient manner. |
Table 1
Supplier Response | Tantalum | Tin | Gold | Tungsten |
Yes | 56% | 38% | 22% | 49% |
Unknown | 24% | 13% | 20% | 21% |
No | 20% | 49% | 58% | 30% |
Total | 100% | 100% | 100% | 100% |
| ● | Suppliers who have responded to our survey indicated a portion of conflict minerals coming from recycled or scrap sources were used in the production of covered products as shown in Table 2 below. |
Table 2
Supplier Response | Tantalum | Tin | Gold | Tungsten |
Yes | 0 | 4% | 6% | 0 |
After completing the due diligence described below, SMTC continues to work with its suppliers to identify the country of origin of the conflict minerals and facilities used to produce the conflict minerals in the Covered Products.
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Pursuant to the Final Rules, we are filing with the SEC a Form SD and a Conflict Minerals Report as an exhibit thereto.
V. | Design of Due Diligence Measures |
SMTC designed its due diligence process with respect to the source and chain of custody of the conflict minerals contained in the Covered Products based on the five-step framework set forth in the Second Edition of the Organization for Economic Co-operation and Development’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and the supplements thereto (the “OECD Guidance”).
VI. | Due Diligence Measures Performed by SMTC |
SMTC performed the following due diligence measures in accordance with the OECD Guidance and the Final Rules:
OECD Guidance Step #1: Establish Strong Company Management Systems
| ● | On November 12, 2012, SMTC adopted a Conflict Minerals Policy (the “Conflict Minerals Policy”) that sets forth (i) its commitment to complying with the Final Rules, (ii) its expectations of its suppliers regarding supporting SMTC’s compliance activities, and (iii) its policies and practices with respect to the engagement of suppliers and the implementation of risk mitigation measures. The Conflict Minerals Policy can be found on our website at www.smtc.com under the “About SMTC” heading and by clicking on “Corporate Social Responsibility”. |
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| ● | The implementation of SMTC’s RCOI and the conducting of due diligence on the source and chain of custody of SMTC’s necessary conflict minerals is managed by SMTC’s Engineering and Quality team. To the extent that concerns or other issues are identified in the supplier data acquisition or engagement processes, these issues and concerns will be addressed first by the responsible individuals within this Engineering and Quality team and reviewed by the Senior V.P. Quality & Technology on a quarterly basis. |
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| ● | The Engineering and Quality team members responsible for compliance with our Conflict Minerals Policy and Final Rules (i) have received training regarding conflict minerals compliance and (ii) are required to be familiar with the Conflict Minerals Policy and with SMTC’s conflict minerals-related processes and procedures. |
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| ● | Records of material conflict minerals-related documentation are maintained electronically by SMTC for a period of five (5) years from the date of creation. |
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| ● | All of SMTC’s existing suppliers have been provided our copy of the Conflict Minerals Policy, and new suppliers will be provided a copy of the Conflict Minerals Policy as part of SMTC’s standard supplier onboarding process. Subject to each supplier’s position in our supply chain and our relative leverage with respect to such supplier, we will use commercially reasonable efforts to obtain (i) the assent of our suppliers to a policy on conflict minerals consistent with the Conflict Minerals Policy; (ii) the cooperation of such suppliers in providing the information required by the CMRT (as defined below); and (iii) the commitment of such suppliers to promptly update us regarding changes in their sourcing practices and circumstances that impact us by providing us with revised CMRTs. |
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| ● | Interested parties can report improper activities in violation of the Conflict Minerals Policy or the Final Rules by reporting such activities to SMTC Conflict Minerals <Conflictminerals@smtc.com>. The contact and email address for the grievance mechanism are published on SMTC’s website at www.smtc.com/about. All reported activities will be reviewed by the appropriate individuals within SMTC. |
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OECD Guidance Step #2: Identify and Assess Risk in the Supply Chain
| ● | SMTC requires that its suppliers provide the information required to complete, in all material respects, the Electronic Industry Citizenship Coalition (“EICC”)/Global e-Sustainability Initiative Conflict Minerals Reporting Template (the “CMRT”). The CMRT is designed to provide SMTC with sufficient information regarding its suppliers’ practices with respect to the sourcing of conflict minerals to enable it to comply with its requirements under the Final Rules. As of January 13, 2013, we started our supplier data acquisition and engagement processes by sending CMRT request to our suppliers via the iPoint Conflict Minerals Platform. |
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| ● | SMTC manages the collection of information that is reported on the CMRT by its suppliers using iPoint Conflict Minerals Platform. |
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| ● | SMTC utilizes a series of escalating responses within the iPoint Conflict Minerals Platform to address the failure of a supplier to provide the information required by the CMRT. |
OECD Guidance Step #3: Design and Implement a Strategy to Respond to Identified Risks
| ● | If SMTC determines that there is a reasonable risk that a supplier is sourcing conflict minerals that are directly or indirectly financing or benefiting armed groups as a result of either (i) the supplier data acquisition or engagement processes or (ii) the receipt of information from other sources, SMTC will apply a series of escalations. |
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| ● | In order to identify and respond to identified risks, SMTC follows a framework described by IPC WP-1081 - White Paper on Conflict Minerals Due Diligence. SMTC applies this framework to supplier engagements at or above $100,000 USD per year. In broad terms, a set of escalations are used to obtain the desired results. |
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| ● | Such escalations may include sending escalation letters to our suppliers, suspending invoice payments and finally suspending trade. SMTC will also engage with customers to resolve a sourcing issue that involves product from suppliers required by our customer or a product from SMTC’s direct suppliers, to require such supplier to implement a risk management plan (which plan may involve, as appropriate, remedial action up to, and including, disengagement from upstream suppliers), or disengagement by SMTC from the applicable supplier. |
OECD Guidance Step #4: Carry Out Independent Third-Party Audit of Supply Chain Due Diligence at Identified Points in the Supply Chain
The supply chain for the Covered Products is complex, and there are many third parties in the supply chain between our direct supplier and the original sources of the conflict minerals necessary to the Covered Products. In this regard, we do not purchase conflict minerals directly from mines, smelters or refiners. We must therefore rely on our suppliers to provide information regarding the origin of the conflict minerals that are included in the Covered Products. Additionally, we believe that the smelters and refiners of the conflict minerals are best situated to identify the sources of the conflict minerals and have required our suppliers to take steps to identify the applicable smelters and refiners of the conflict minerals in our supply chain. Given that we do not have a direct relationship with the smelters and refiners that process the conflict minerals that are present in our Covered Products, we rely on the Responsible Minerals Initiative (RMI) formerly Conflict-Free Sourcing Initiative (CFSI) to conduct third-party audits of smelters and refineries.
OECD Guidance Step #5: Report on Supply Chain Due Diligence
As required by the Final Rules, we have filed a Form SD and a Conflict Minerals Report as an exhibit thereto for the 2019 calendar year reporting period.
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VII. | Smelters or Refineries Identified |
For reporting year 2019, there was a 36% increase in suppliers added to our supply database due to new program and product additions. For reporting year 2018, there was a 4.73% increase in suppliers added to our supply database. For reporting year 2017, we consolidated our RCOI inquiry due to acquisitions by or of several suppliers and to ease duplication of requests sent which resulted in a 15% decrease in supplier requests sent and further consolidation of supply base.
There has been a 35% decrease in supplier responses in 2019 as compared to 2018.
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For reporting year 2019, SMTC’s RCOI involved 1292 suppliers contributing conflict minerals necessary to SMTC’s products, of whom 42% have returned completed CMRTs to SMTC. These suppliers identified the names of 305 recognized smelters or refineries from which they source conflict minerals. Of those smelters, 237 smelters, or approximately 78%, have been certified by the Responsible Minerals Initiative (RMI) formerly Conflict-Free Sourcing Initiative (CFSI). The remainder of the smelters and refineries are not, at this time, certified by the RMI. With respect to these uncertified smelters and refineries, although we were not able to determine the mines of origin of the conflict minerals sourced from such smelters and refineries, we were able to determine the country locations of the refineries and smelters for the 2018 and 2017 as compared to 2016 reporting period by requesting the completed CMRT from suppliers and soliciting the country of origin utilizing the iPoint Conflict Minerals Platform (iPCMP).
SMTC utilizes iPCMP to manage supplier templates and status of smelters. The iPCMP Master Smelter List is continuously updated with the current information obtained from RMI. When RMI eventually validates these smelters and adds them to their system, iPCMP updates smelter status information within their master smelter list.
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The following smelters and refineries were identified by SMTC’s supply chain. Smelters or refineries with the check mark with an “X” in the right-hand column are listed on the RMI (Responsible Minerals Initiative)’s according to iPCMP.
3TG | Smelter Names and Refineries | Smelter or Refiner Country Location | Smelter Identification | RMI List |
Gold | Gold Coast Refinery | Ghana | CID003186 |
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Gold | C.I Metales Procesados Industriales SAS | COLOMBIA | CID003421 |
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Gold | JALAN & Company | INDIA | CID002893 |
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Gold | Eco-System Recycling Co., Ltd. West Plant | JAPAN | CID003425 | X |
Gold | Eco-System Recycling Co., Ltd. North Plant | JAPAN | CID003424 | X |
Gold | Advanced Chemical Company | UNITED STATES OF AMERICA | CID000015 | X |
Gold | Aida Chemical Industries Co., Ltd. | JAPAN | CID000019 | X |
Gold | Allgemeine Gold-und Silberscheideanstalt A.G. | GERMANY | CID000035 | X |
Gold | Almalyk Mining and Metallurgical Complex (AMMC) | UZBEKISTAN | CID000041 | X |
Gold | AngloGold Ashanti Corrego do Sitio Mineracao | BRAZIL | CID000058 | X |
Gold | Argor-Heraeus S.A. | SWITZERLAND | CID000077 | X |
Gold | Asahi Pretec Corp. | JAPAN | CID000082 | X |
Gold | Asaka Riken Co., Ltd. | JAPAN | CID000090 | X |
Gold | Atasay Kuyumculuk Sanayi Ve Ticaret A.S. | TURKEY | CID000103 |
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Gold | Aurubis AG | GERMANY | CID000113 | X |
Gold | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | PHILIPPINES | CID000128 | X |
Gold | Boliden AB | SWEDEN | CID000157 | X |
Gold | C. Hafner GmbH + Co. KG | GERMANY | CID000176 | X |
Gold | Caridad | MEXICO | CID000180 |
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Gold | CCR Refinery - Glencore Canada Corporation | CANADA | CID000185 | X |
Gold | Cendres + Metaux S.A. | SWITZERLAND | CID000189 | X |
Gold | Yunnan Copper Industry Co., Ltd. | CHINA | CID000197 |
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Gold | Chimet S.p.A. | ITALY | CID000233 | X |
Gold | Chugai Mining | JAPAN | CID000264 | X |
Gold | Daye Non-Ferrous Metals Mining Ltd. | CHINA | CID000343 |
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Gold | DSC (Do Sung Corporation) | KOREA, REPUBLIC OF | CID000359 | X |
Gold | DODUCO Contacts and Refining GmbH | GERMANY | CID000362 | X |
Gold | Dowa | JAPAN | CID000401 | X |
Gold | Eco-System Recycling Co., Ltd. | JAPAN | CID000425 | X |
Gold | OJSC Novosibirsk Refinery | RUSSIAN FEDERATION | CID000493 | X |
Gold | Refinery of Seemine Gold Co., Ltd. | CHINA | CID000522 |
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Gold | Guoda Safina High-Tech Environmental Refinery Co., Ltd. | CHINA | CID000651 |
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Gold | Hangzhou Fuchunjiang Smelting Co., Ltd. | CHINA | CID000671 |
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Gold | HeeSung Metal Ltd. | KOREA, REPUBLIC OF | CID000689 | X |
Gold | Heimerle + Meule GmbH | GERMANY | CID000694 | X |
Gold | Heraeus Metals Hong Kong Ltd. | CHINA | CID000707 | X |
Gold | Heraeus Precious Metals GmbH & Co. KG | GERMANY | CID000711 | X |
Hunan Chenzhou Mining Co., Ltd. | CHINA | CID000767 |
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Gold | Hunan Guiyang yinxing Nonferrous Smelting Co., Ltd. | CHINA | CID000773 |
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Gold | HwaSeong CJ CO., LTD. | KOREA, REPUBLIC OF | CID000778 |
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Gold | Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. | CHINA | CID000801 | X |
Gold | Ishifuku Metal Industry Co., Ltd. | JAPAN | CID000807 | X |
Gold | Istanbul Gold Refinery | TURKEY | CID000814 | X |
Gold | Japan Mint | JAPAN | CID000823 | X |
Gold | Jiangxi Copper Co., Ltd. | CHINA | CID000855 | X |
Gold | Asahi Refining USA Inc. | UNITED STATES OF AMERICA | CID000920 | X |
Gold | Asahi Refining Canada Ltd. | CANADA | CID000924 | X |
Gold | JSC Ekaterinburg Non-Ferrous Metal Processing Plant | RUSSIAN FEDERATION | CID000927 |
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Gold | JSC Uralelectromed | RUSSIAN FEDERATION | CID000929 | X |
Gold | JX Nippon Mining & Metals Co., Ltd. | JAPAN | CID000937 | X |
Gold | Kazakhmys Smelting LLC | KAZAKHSTAN | CID000956 |
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Gold | Kazzinc | KAZAKHSTAN | CID000957 | X |
Gold | Kennecott Utah Copper LLC | UNITED STATES OF AMERICA | CID000969 | X |
Gold | Kojima Chemicals Co., Ltd. | JAPAN | CID000981 | X |
Gold | Kyrgyzaltyn JSC | KYRGYZSTAN | CID001029 | X |
Gold | L'azurde Company For Jewelry | SAUDI ARABIA | CID001032 |
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Gold | Lingbao Gold Co., Ltd. | CHINA | CID001056 |
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Gold | Lingbao Jinyuan Tonghui Refinery Co., Ltd. | CHINA | CID001058 |
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Gold | LS-NIKKO Copper Inc. | KOREA, REPUBLIC OF | CID001078 | X |
Gold | Luoyang Zijin Yinhui Gold Refinery Co., Ltd. | CHINA | CID001093 |
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Gold | Materion | UNITED STATES OF AMERICA | CID001113 | X |
Gold | Matsuda Sangyo Co., Ltd. | JAPAN | CID001119 | X |
Gold | Metalor Technologies (Suzhou) Ltd. | CHINA | CID001147 | X |
Gold | Metalor Technologies (Hong Kong) Ltd. | CHINA | CID001149 | X |
Gold | Metalor Technologies (Singapore) Pte., Ltd. | SINGAPORE | CID001152 | X |
Gold | Metalor Technologies S.A. | SWITZERLAND | CID001153 | X |
Gold | Metalor USA Refining Corporation | UNITED STATES OF AMERICA | CID001157 | X |
Gold | Metalurgica Met-Mex Penoles S.A. De C.V. | MEXICO | CID001161 | X |
Gold | Mitsubishi Materials Corporation | JAPAN | CID001188 | X |
Gold | Mitsui Mining and Smelting Co., Ltd. | JAPAN | CID001193 | X |
Gold | Moscow Special Alloys Processing Plant | RUSSIAN FEDERATION | CID001204 | X |
Gold | Nadir Metal Rafineri San. Ve Tic. A.S. | TURKEY | CID001220 | X |
Gold | Navoi Mining and Metallurgical Combinat | UZBEKISTAN | CID001236 | X |
Gold | Nihon Material Co., Ltd. | JAPAN | CID001259 | X |
Gold | Ohura Precious Metal Industry Co., Ltd. | JAPAN | CID001325 | X |
Gold | OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet) | RUSSIAN FEDERATION | CID001326 | X |
Gold | PAMP S.A. | SWITZERLAND | CID001352 | X |
Gold | Penglai Penggang Gold Industry Co., Ltd. | CHINA | CID001362 |
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Gold | Prioksky Plant of Non-Ferrous Metals | RUSSIAN FEDERATION | CID001386 | X |
PT Aneka Tambang (Persero) Tbk | INDONESIA | CID001397 | X | |
Gold | PX Precinox S.A. | SWITZERLAND | CID001498 | X |
Gold | Rand Refinery (Pty) Ltd. | SOUTH AFRICA | CID001512 | X |
Gold | Royal Canadian Mint | CANADA | CID001534 | X |
Gold | Sabin Metal Corp. | UNITED STATES OF AMERICA | CID001546 |
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Gold | Samduck Precious Metals | KOREA, REPUBLIC OF | CID001555 | X |
Gold | Samwon Metals Corp. | KOREA, REPUBLIC OF | CID001562 |
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Gold | SEMPSA Joyeria Plateria S.A. | SPAIN | CID001585 | X |
Gold | Shandong Tiancheng Biological Gold Industrial Co., Ltd. | CHINA | CID001619 |
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Gold | Shandong Zhaojin Gold & Silver Refinery Co., Ltd. | CHINA | CID001622 | X |
Gold | Sichuan Tianze Precious Metals Co., Ltd. | CHINA | CID001736 | X |
Gold | SOE Shyolkovsky Factory of Secondary Precious Metals | RUSSIAN FEDERATION | CID001756 | X |
Gold | Solar Applied Materials Technology Corp. | TAIWAN, PROVINCE OF CHINA | CID001761 | X |
Gold | Sumitomo Metal Mining Co., Ltd. | JAPAN | CID001798 | X |
Gold | Tanaka Kikinzoku Kogyo K.K. | JAPAN | CID001875 | X |
Gold | Great Wall Precious Metals Co., Ltd. of CBPM | CHINA | CID001909 |
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Gold | The Refinery of Shandong Gold Mining Co., Ltd. | CHINA | CID001916 | X |
Gold | Tokuriki Honten Co., Ltd. | JAPAN | CID001938 | X |
Gold | Tongling Nonferrous Metals Group Co., Ltd. | CHINA | CID001947 |
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Gold | Torecom | KOREA, REPUBLIC OF | CID001955 | X |
Gold | Umicore Brasil Ltda. | BRAZIL | CID001977 | X |
Gold | Umicore S.A. Business Unit Precious Metals Refining | BELGIUM | CID001980 | X |
Gold | United Precious Metal Refining, Inc. | UNITED STATES OF AMERICA | CID001993 | X |
Gold | Valcambi S.A. | SWITZERLAND | CID002003 | X |
Gold | Western Australian Mint (T/a The Perth Mint) | AUSTRALIA | CID002030 | X |
Gold | Yamakin Co., Ltd. | JAPAN | CID002100 | X |
Gold | Yokohama Metal Co., Ltd. | JAPAN | CID002129 | X |
Gold | Zhongyuan Gold Smelter of Zhongjin Gold Corporation | CHINA | CID002224 | X |
Gold | Gold Refinery of Zijin Mining Group Co., Ltd. | CHINA | CID002243 | X |
Gold | Morris and Watson | NEW ZEALAND | CID002282 |
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Gold | SAFINA A.S. | CZECHIA | CID002290 | X |
Gold | Guangdong Jinding Gold Limited | CHINA | CID002312 |
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Gold | Umicore Precious Metals Thailand | THAILAND | CID002314 | X |
Gold | Geib Refining Corporation | UNITED STATES OF AMERICA | CID002459 | X |
Gold | MMTC-PAMP India Pvt., Ltd. | INDIA | CID002509 | X |
Gold | KGHM Polska Miedz Spolka Akcyjna | POLAND | CID002511 | X |
Gold | Fidelity Printers and Refiners Ltd. | ZIMBABWE | CID002515 |
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Gold | Singway Technology Co., Ltd. | TAIWAN, PROVINCE OF CHINA | CID002516 | X |
Gold | Shandong Humon Smelting Co., Ltd. | CHINA | CID002525 |
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Gold | Al Etihad Gold Refinery DMCC | UNITED ARAB EMIRATES | CID002560 | X |
Emirates Gold DMCC | UNITED ARAB EMIRATES | CID002561 | X | |
Gold | International Precious Metal Refiners | UNITED ARAB EMIRATES | CID002562 |
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Gold | Kaloti Precious Metals | UNITED ARAB EMIRATES | CID002563 |
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Gold | Sudan Gold Refinery | SUDAN | CID002567 |
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Gold | T.C.A S.p.A | ITALY | CID002580 | X |
Gold | REMONDIS PMR B.V. | NETHERLANDS | CID002582 | X |
Gold | Fujairah Gold FZC | UNITED ARAB EMIRATES | CID002584 |
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Gold | Tony Goetz NV | BELGIUM | CID002587 |
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Gold | Korea Zinc Co., Ltd. | KOREA, REPUBLIC OF | CID002605 | X |
Gold | Marsam Metals | BRAZIL | CID002606 | X |
Gold | TOO Tau-Ken-Altyn | KAZAKHSTAN | CID002615 | X |
Gold | Abington Reldan Metals, LLC | UNITED STATES OF AMERICA | CID002708 |
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Gold | SAAMP | FRANCE | CID002761 | X |
Gold | L'Orfebre S.A. | ANDORRA | CID002762 | X |
Gold | 8853 S.p.A. | ITALY | CID002763 | X |
Gold | Italpreziosi | ITALY | CID002765 | X |
Gold | SAXONIA Edelmetalle GmbH | GERMANY | CID002777 | X |
Gold | WIELAND Edelmetalle GmbH | GERMANY | CID002778 | X |
Gold | Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH | AUSTRIA | CID002779 | X |
Gold | AU Traders and Refiners | SOUTH AFRICA | CID002850 | X |
Gold | GCC Gujrat Gold Centre Pvt. Ltd. | INDIA | CID002852 |
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Gold | Sai Refinery | INDIA | CID002853 |
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Gold | Modeltech Sdn Bhd | MALAYSIA | CID002857 |
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Gold | Bangalore Refinery | INDIA | CID002863 | X |
Gold | Kyshtym Copper-Electrolytic Plant ZAO | RUSSIAN FEDERATION | CID002865 |
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Gold | Degussa Sonne / Mond Goldhandel GmbH | GERMANY | CID002867 |
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Gold | Pease & Curren | UNITED STATES OF AMERICA | CID002872 |
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Gold | SungEel HiMetal Co., Ltd. | KOREA, REPUBLIC OF | CID002918 | X |
Gold | Planta Recuperadora de Metales SpA | CHILE | CID002919 | X |
Gold | Safimet S.p.A | ITALY | CID002973 | X |
Gold | State Research Institute Center for Physical Sciences and Technology | LITHUANIA | CID003153 |
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Gold | African Gold Refinery | UGANDA | CID003185 |
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Gold | NH Recytech Company | KOREA, REPUBLIC OF | CID003189 |
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Gold | DS PRETECH Co., Ltd. | KOREA, REPUBLIC OF | CID003195 | X |
Gold | QG Refining, LLC | UNITED STATES OF AMERICA | CID003324 |
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Gold | Dijllah Gold Refinery FZC | UNITED ARAB EMIRATES | CID003348 |
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Gold | CGR Metalloys Pvt Ltd. | INDIA | CID003382 |
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Gold | Sovereign Metals | INDIA | CID003383 |
|
Tantalum | Asaka Riken Co., Ltd. | JAPAN | CID000092 | X |
Tantalum | Changsha South Tantalum Niobium Co., Ltd. | CHINA | CID000211 | X |
Tantalum | Exotech Inc. | UNITED STATES OF AMERICA | CID000456 | X |
Tantalum | F&X Electro-Materials Ltd. | CHINA | CID000460 | X |
Tantalum | Guangdong Zhiyuan New Material Co., Ltd. | CHINA | CID000616 | X |
JiuJiang JinXin Nonferrous Metals Co., Ltd. | CHINA | CID000914 | X | |
Tantalum | Jiujiang Tanbre Co., Ltd. | CHINA | CID000917 | X |
Tantalum | LSM Brasil S.A. | BRAZIL | CID001076 | X |
Tantalum | Metallurgical Products India Pvt., Ltd. | INDIA | CID001163 | X |
Tantalum | Mineracao Taboca S.A. | BRAZIL | CID001175 | X |
Tantalum | Mitsui Mining and Smelting Co., Ltd. | JAPAN | CID001192 | X |
Tantalum | NPM Silmet AS | ESTONIA | CID001200 | X |
Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. | CHINA | CID001277 | X |
Tantalum | QuantumClean | UNITED STATES OF AMERICA | CID001508 | X |
Tantalum | RFH Tantalum Smeltery Co., Ltd./Yanling Jincheng Tantalum & Niobium Co., Ltd. | CHINA | CID001522 | X |
Tantalum | Solikamsk Magnesium Works OAO | RUSSIAN FEDERATION | CID001769 | X |
Tantalum | Taki Chemical Co., Ltd. | JAPAN | CID001869 | X |
Tantalum | Telex Metals | UNITED STATES OF AMERICA | CID001891 | X |
Tantalum | Ulba Metallurgical Plant JSC | KAZAKHSTAN | CID001969 | X |
Tantalum | Hengyang King Xing Lifeng New Materials Co., Ltd. | CHINA | CID002492 | X |
Tantalum | D Block Metals, LLC | UNITED STATES OF AMERICA | CID002504 | X |
Tantalum | FIR Metals & Resource Ltd. | CHINA | CID002505 | X |
Tantalum | Jiujiang Zhongao Tantalum & Niobium Co., Ltd. | CHINA | CID002506 | X |
Tantalum | XinXing HaoRong Electronic Material Co., Ltd. | CHINA | CID002508 | X |
Tantalum | Jiangxi Dinghai Tantalum & Niobium Co., Ltd. | CHINA | CID002512 | X |
Tantalum | KEMET Blue Metals | MEXICO | CID002539 | X |
Tantalum | H.C. Starck Co., Ltd. | THAILAND | CID002544 | X |
Tantalum | H.C. Starck Tantalum and Niobium GmbH | GERMANY | CID002545 | X |
Tantalum | H.C. Starck Hermsdorf GmbH | GERMANY | CID002547 | X |
Tantalum | H.C. Starck Inc. | UNITED STATES OF AMERICA | CID002548 | X |
Tantalum | H.C. Starck Ltd. | JAPAN | CID002549 | X |
Tantalum | H.C. Starck Smelting GmbH & Co. KG | GERMANY | CID002550 | X |
Tantalum | Global Advanced Metals Boyertown | UNITED STATES OF AMERICA | CID002557 | X |
Tantalum | Global Advanced Metals Aizu | JAPAN | CID002558 | X |
Tantalum | Resind Industria e Comercio Ltda. | BRAZIL | CID002707 | X |
Tantalum | Jiangxi Tuohong New Raw Material | CHINA | CID002842 | X |
Tantalum | Power Resources Ltd. | MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OF | CID002847 | X |
Tantalum | CP Metals Inc. | UNITED STATES OF AMERICA | CID003402 | X |
Tin | Gejiu City Fuxiang Industry and Trade Co., Ltd.” | CHINA | CID003410 |
|
Tin | Luna Smelter, Ltd. | RWANDA | CID003387 | X |
Tin | Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. | CHINA | CID000228 | X |
Tin | Alpha | UNITED STATES OF AMERICA | CID000292 | X |
Tin | Dowa | JAPAN | CID000402 | X |
EM Vinto | BOLIVIA (PLURINATIONAL STATE OF) | CID000438 | X | |
Tin | Estanho de Rondonia S.A. | BRAZIL | CID000448 |
|
Tin | Fenix Metals | POLAND | CID000468 | X |
Tin | Gejiu Non-Ferrous Metal Processing Co., Ltd. | CHINA | CID000538 | X |
Tin | Gejiu Zili Mining And Metallurgy Co., Ltd. | CHINA | CID000555 | X |
Tin | Huichang Jinshunda Tin Co., Ltd. | CHINA | CID000760 | X |
Tin | Gejiu Kai Meng Industry and Trade LLC | CHINA | CID000942 | X |
Tin | China Tin Group Co., Ltd. | CHINA | CID001070 | X |
Tin | Malaysia Smelting Corporation (MSC) | MALAYSIA | CID001105 | X |
Tin | Metallic Resources, Inc. | UNITED STATES OF AMERICA | CID001142 | X |
Tin | Mineracao Taboca S.A. | BRAZIL | CID001173 | X |
Tin | Minsur | PERU | CID001182 | X |
Tin | Mitsubishi Materials Corporation | JAPAN | CID001191 | X |
Tin | Jiangxi New Nanshan Technology Ltd. | CHINA | CID001231 | X |
Tin | O.M. Manufacturing (Thailand) Co., Ltd. | THAILAND | CID001314 | X |
Tin | Operaciones Metalurgicas S.A. | BOLIVIA (PLURINATIONAL STATE OF) | CID001337 | X |
Tin | PT Artha Cipta Langgeng | INDONESIA | CID001399 | X |
Tin | PT Mitra Stania Prima | INDONESIA | CID001453 | X |
Tin | PT Refined Bangka Tin | INDONESIA | CID001460 | X |
Tin | PT Timah Tbk Kundur | INDONESIA | CID001477 | X |
Tin | PT Timah Tbk Mentok | INDONESIA | CID001482 | X |
Tin | Rui Da Hung | TAIWAN, PROVINCE OF CHINA | CID001539 | X |
Tin | Soft Metais Ltda. | BRAZIL | CID001758 | X |
Tin | Thaisarco | THAILAND | CID001898 | X |
Tin | Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. | CHINA | CID001908 | X |
Tin | White Solder Metalurgia e Mineracao Ltda. | BRAZIL | CID002036 | X |
Tin | Yunnan Chengfeng Non-ferrous Metals Co., Ltd. | CHINA | CID002158 | X |
Tin | Yunnan Tin Company Limited | CHINA | CID002180 | X |
Tin | Magnu's Minerais Metais e Ligas Ltda. | BRAZIL | CID002468 | X |
Tin | Melt Metais e Ligas S.A. | BRAZIL | CID002500 | X |
Tin | PT ATD Makmur Mandiri Jaya | INDONESIA | CID002503 | X |
Tin | O.M. Manufacturing Philippines, Inc. | PHILIPPINES | CID002517 | X |
Tin | Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company | VIET NAM | CID002572 |
|
Tin | Nghe Tinh Non-Ferrous Metals Joint Stock Company | VIET NAM | CID002573 |
|
Tin | Tuyen Quang Non-Ferrous Metals Joint Stock Company | VIET NAM | CID002574 |
|
Tin | An Vinh Joint Stock Mineral Processing Company | VIET NAM | CID002703 |
|
Tin | Resind Industria e Comercio Ltda. | BRAZIL | CID002706 | X |
Tin | Super Ligas | BRAZIL | CID002756 |
|
Tin | Metallo Belgium N.V. | BELGIUM | CID002773 | X |
Tin | Metallo Spain S.L.U. | SPAIN | CID002774 | X |
Thai Nguyen Mining and Metallurgy Co., Ltd. | VIET NAM | CID002834 | X | |
Tin | PT Menara Cipta Mulia | INDONESIA | CID002835 | X |
Tin | HuiChang Hill Tin Industry Co., Ltd. | CHINA | CID002844 | X |
Tin | Guanyang Guida Nonferrous Metal Smelting Plant | CHINA | CID002849 | X |
Tin | Modeltech Sdn Bhd | MALAYSIA | CID002858 |
|
Tin | Guangdong Hanhe Non-Ferrous Metal Co., Ltd. | CHINA | CID003116 | X |
Tin | Chifeng Dajingzi Tin Industry Co., Ltd. | CHINA | CID003190 | X |
Tin | Pongpipat Company Limited | MYANMAR | CID003208 |
|
Tin | Tin Technology & Refining | UNITED STATES OF AMERICA | CID003325 | X |
Tin | Dongguan CiEXPO Environmental Engineering Co., Ltd. | CHINA | CID003356 |
|
Tin | Ma'anshan Weitai Tin Co., Ltd. | CHINA | CID003379 | X |
Tin | Yunnan Yunfan Non-ferrous Metals Co., Ltd. | CHINA | CID003397 | X |
Tin | Precious Minerals and Smelting Limited | INDIA | CID003409 |
|
Tungsten | GEM Co., Ltd. | CHINA | CID003417 |
|
Tungsten | Albasteel Industria e Comercio de Ligas Para Fundicao Ltd. | BRAZIL | CID003427 |
|
Tungsten | China Molybdenum Tungsten Co., Ltd. | CHINA | CID002641 |
|
Tungsten | CP Metals Inc. | UNITED STATES OF AMERICA | CID003448 |
|
Tungsten | NPP Tyazhmetprom LLC | RUSSIAN FEDERATION | CID003416 |
|
Tungsten | Asia Tungsten Products Vietnam Ltd. | VIET NAM | CID002502 | X |
Tungsten | A.L.M.T. Corp. | JAPAN | CID000004 | X |
Tungsten | Kennametal Huntsville | UNITED STATES OF AMERICA | CID000105 | X |
Tungsten | Guangdong Xianglu Tungsten Co., Ltd. | CHINA | CID000218 | X |
Tungsten | Chongyi Zhangyuan Tungsten Co., Ltd. | CHINA | CID000258 | X |
Tungsten | CNMC (Guangxi) PGMA Co., Ltd. | CHINA | CID000281 |
|
Tungsten | Fujian Jinxin Tungsten Co., Ltd. | CHINA | CID000499 | X |
Tungsten | Global Tungsten & Powders Corp. | UNITED STATES OF AMERICA | CID000568 | X |
Tungsten | Hunan Chenzhou Mining Co., Ltd. | CHINA | CID000766 | X |
Tungsten | Hunan Chunchang Nonferrous Metals Co., Ltd. | CHINA | CID000769 | X |
Tungsten | Japan New Metals Co., Ltd. | JAPAN | CID000825 | X |
Tungsten | Ganzhou Huaxing Tungsten Products Co., Ltd. | CHINA | CID000875 | X |
Tungsten | Kennametal Fallon | UNITED STATES OF AMERICA | CID000966 | X |
Tungsten | Tejing (Vietnam) Tungsten Co., Ltd. | VIET NAM | CID001889 | X |
Tungsten | Wolfram Bergbau und Hutten AG | AUSTRIA | CID002044 | X |
Tungsten | Xiamen Tungsten Co., Ltd. | CHINA | CID002082 | X |
Tungsten | Xinhai Rendan Shaoguan Tungsten Co., Ltd. | CHINA | CID002095 | X |
Tungsten | Jiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd. | CHINA | CID002313 |
|
Tungsten | Ganzhou Jiangwu Ferrotungsten Co., Ltd. | CHINA | CID002315 | X |
Tungsten | Jiangxi Yaosheng Tungsten Co., Ltd. | CHINA | CID002316 | X |
Tungsten | Jiangxi Xinsheng Tungsten Industry Co., Ltd. | CHINA | CID002317 | X |
Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | CHINA | CID002318 | X | |
Tungsten | Malipo Haiyu Tungsten Co., Ltd. | CHINA | CID002319 | X |
Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. | CHINA | CID002320 | X |
Tungsten | Jiangxi Gan Bei Tungsten Co., Ltd. | CHINA | CID002321 | X |
Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. | CHINA | CID002494 | X |
Tungsten | Chenzhou Diamond Tungsten Products Co., Ltd. | CHINA | CID002513 | X |
Tungsten | H.C. Starck Tungsten GmbH | GERMANY | CID002541 | X |
Tungsten | H.C. Starck Smelting GmbH & Co. KG | GERMANY | CID002542 | X |
Tungsten | Masan Tungsten Chemical LLC (MTC) | VIET NAM | CID002543 | X |
Tungsten | Jiangwu H.C. Starck Tungsten Products Co., Ltd. | CHINA | CID002551 | X |
Tungsten | Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji | CHINA | CID002579 | X |
Tungsten | Niagara Refining LLC | UNITED STATES OF AMERICA | CID002589 | X |
Tungsten | Ganzhou Haichuang Tungsten Co., Ltd. | CHINA | CID002645 | X |
Tungsten | Jiangxi Dayu Longxintai Tungsten Co., Ltd. | CHINA | CID002647 |
|
Tungsten | Hydrometallurg, JSC | RUSSIAN FEDERATION | CID002649 | X |
Tungsten | Unecha Refractory metals plant | RUSSIAN FEDERATION | CID002724 | X |
Tungsten | Philippine Chuangxin Industrial Co., Inc. | PHILIPPINES | CID002827 | X |
Tungsten | Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd. | CHINA | CID002830 | X |
Tungsten | ACL Metais Eireli | BRAZIL | CID002833 | X |
Tungsten | Woltech Korea Co., Ltd. | KOREA, REPUBLIC OF | CID002843 | X |
Tungsten | Moliren Ltd. | RUSSIAN FEDERATION | CID002845 | X |
Tungsten | Hunan Litian Tungsten Industry Co., Ltd. | CHINA | CID003182 | X |
Tungsten | KGETS Co., Ltd. | KOREA, REPUBLIC OF | CID003388 | X |
Tungsten | Fujian Ganmin RareMetal Co., Ltd. | CHINA | CID003401 | X |
Tungsten | Lianyou Metals Co., Ltd. | TAIWAN, PROVINCE OF CHINA | CID003407 | X |
Tungsten | JSC "Kirovgrad Hard Alloys Plant" | RUSSIAN FEDERATION | CID003408 |
|
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VIII. | Steps to Mitigate Risk |
SMTC intends to take the following steps to seek to mitigate the risk that its necessary conflict minerals directly or indirectly finance or benefit armed groups in the Covered Countries:
| ● | Continue to engage with suppliers to increase the number of returned CMRTs to decrease the number of incidents where no response is given in a CMRT, to obtain other information required to complete, in all material respects, the CMRT; |
| ● | Encourage the development of supplier capabilities to perform conflict-minerals related due diligence by the implementation of risk mitigation measures, as appropriate; and |
| ● | Provide ongoing training to applicable SMTC personnel regarding emerging best practices and other relevant topics for conflict minerals compliance. |
19