Exhibit 1.01
Conflict Minerals Report of Williams-Sonoma, Inc. in Accordance with Rule 13p-1 under
the Securities and Exchange Act of 1934
Section 1. Introduction
This is the Conflict Minerals Report of Williams-Sonoma, Inc. (the “Company”) for calendar year 2016 in accordance with Rule 13p-1 (“Rule 13p-1” or the “Conflict Minerals Rule”) under the Securities and Exchange Act of 1934 (the “1934 Act”). The date of filing of this report is May 31, 2017.
This Report contains information regarding all of the Company’s merchandising strategies (Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation, and Mark and Graham). Please refer to Rule 13p-1, Form SD and the 1934 Act Release No. 34-67716 for definitions to the terms used in this Report, unless otherwise defined herein.
This report is available at http://ir.williams-sonomainc.com/sec-filings.
Section 2. Overview
As a retailer of consumer products, the Company is several levels removed from the mining of conflict minerals, does not make direct purchases of raw or unrefined minerals and makes no purchases in a Covered Country (as defined below).
The Company and its merchandising strategies are retailers of high-quality consumer products for the kitchen and home, including kitchen essentials, dinnerware, cookware, electrics, cutlery, furniture, bedding, bathroom accessories, lighting, decorative accessories, rugs, curtains, gifts, hardware, small leather goods, jewelry, and home décor. The Company’s merchandising strategies contract to manufacture some, although not all, of the products they sell. In 2016, the Company purchased merchandise from over 400 suppliers.
Tin, tungsten, tantalum or gold (“3TGs”) are necessary to the functionality of certain lighting and decorative accessories products that the Company contracts to be manufactured (“In-Scope Products”).
Section 3. Conflict Minerals Policy
The Company is committed to corporate responsibility and sustainable practices as is evidenced by our various policies. The Company has established a policy indicating our ongoing efforts in responsible sourcing of Conflict Minerals by our suppliers. The policy is reviewed each year and sent to suppliers for a yearly acknowledgment.
Section 4. Reasonable Country of Origin Inquiry Information
As required by the Conflict Minerals Rule, the Company conducted a “reasonable country of origin inquiry” (“RCOI”). We designed our RCOI in good faith in an attempt to determine the origin of 3TGs that are necessary to the functionality or production of products that we contract to manufacture. Members of the Company’s Legal Department and Sustainable Development Department identified suppliers of the In-Scope Products that the Company contracted to have manufactured. These suppliers were generally suppliers of lighting products and decorative accessories. All identified suppliers of the In-Scope products, approximately 135 suppliers, were contacted as part of our outreach efforts.
Based on our 2016 RCOI, these suppliers identified over 290 smelters and refiners that may be in our supply chain, which the Company believes represent the majority of the relevant smelters and refiners. Based on our RCOI, for the smelters that were identified, the Company concluded that all of these smelters and refiners sourced entirely from outside Democratic Republic of Congo or an adjoining country (“Covered Country”).
Section 5. Due Diligence Procedures Performed
The due diligence exercise performed by the Company conformed to an internationally recognized due diligence framework developed by the Organization for Economic Cooperation and Development as part of its “Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas” (collectively, the “OECD Guidance”).
In accordance with the OECD Guidance, the Company’s due diligence exercise included: 1) review of the previously-adopted Conflict Minerals Policy, which was then sent to relevant suppliers of the Company’s products; 2) review and assessment of risk in our Company’s supply chain; and 3) review of the strategy to identify and respond to risks in the supply chain. There were no significant changes to the due diligence process since December 31, 2015, the end of the period covered in the Company’s most recent prior Conflict Minerals Report.
Use of EICC-GsSI Conflict Minerals Reporting Template
In performing our due diligence for 2016, the Company continued to use the Electronic Industry Citizenship Coalition and Global e-Sustainability Initiative’s (“EICC-GsSI”) Conflict Minerals Reporting Template (“CMRT”). The Company contacted each supplier and requested that it complete the EICC-GsSI CMRT.
Use of a Third-Party Platform for Responses, Support and Review
A third-party vendor was used to streamline this process by allowing suppliers to enter responses via the online EICC-GsSI CMRT. This vendor provided support for suppliers in completing the survey and also aggregated the data provided by suppliers so that the Company could review and
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analyze the data. The vendor also sent reminder emails to each non-responsive supplier requesting completion of the report.
Upon completion of the reports, the vendor then reviewed the responses for plausibility, consistency and gaps as identified in its procedures. It followed up by email or phone with suppliers that submitted a response that triggers specified quality control flags, for example, incomplete responses, failure to acknowledge the conflict minerals policy or listing a smelter in a Covered Country.
Responses from Suppliers
The Company requested that each supplier identify whether 3TGs are used in items produced for the Company, whether the minerals were recycled or scrap, and if not recycled or scrap, all the smelters in the supplier’s supply chain, including the name and country of the smelter, and whether those smelters had been validated as conflict-free in accordance with the CFSI program. The Company performed a good-faith review of the responses received from suppliers and performed an assessment of the data and requested additional information from suppliers as appropriate. All suppliers were asked to review the Conflict Minerals Policy and to sign a form acknowledging the policy.
The Company continued due diligence measures undertaken in 2016 for this 2017 reporting period, including.
| • | Internal Management Team. The Company formed a cross-functional Conflict Minerals compliance team to oversee the diligence process, which consisted of key personnel in the following departments: Global Operations, Sustainable Development, Legal and Accounting. |
| • | External Resources. The Company also used specialist outside counsel and a third-party software platform to assist with RCOI and due diligence. |
| • | Data Collection and Retention. The Company used a software platform for its collection of information from suppliers regarding their use of 3TGs. The Company plans to maintain these records on the software platform. |
| • | Reports to Senior Management. Members of the cross-functional Conflict Minerals compliance team periodically reported to the Company’s General Counsel and Chief Financial Officer on various aspects of the Company’s conflict minerals compliance program, including mitigation efforts, progress and effectiveness of the Conflict Minerals Policy. |
| • | Risk Management Plan. The Company undertook risk mitigation efforts as deemed to be appropriate based on the findings of our supply chain risk assessment. We determined our risk mitigation efforts on a case-by-case basis, considering the particular facts and circumstances and risks identified. For example, the Company asked suppliers who could not identify smelter information for their sources of 3TGs to replace them with 3TGs that come from an identifiable smelter. |
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Section 6. Product Information
Tin, tungsten, tantalum or gold are necessary to the functionality of certain lighting and decorative accessories products that the Company contracts to be manufactured. The In-Scope Products are lighting and decorative accessories, including some seasonal merchandise, bath hardware, jewelry and tabletop items.
Section 7. Identified Suppliers of Products – Country of Origin Inquiry
Due diligence revealed that necessary 3TGs used in In-Scope Products were derived from the smelters identified below. This list only includes smelter information provided by those suppliers who completed the CMRT.
| Smelter Name (*) | Smelter Country (*) | |
| Western Australian Mint trading as The Perth Mint | AUSTRALIA | |
| Ögussa Österreichische Gold- und Silber-Scheideanstalt GmbH | AUSTRIA | |
| Plansee SE Liezen | AUSTRIA | |
| Plansee SE Reutte | AUSTRIA | |
| Wolfram Bergbau und Hütten AG | AUSTRIA | |
| Metallo-Chimique N.V. | BELGIUM | |
| Tony Goetz NV | BELGIUM | |
| Umicore S.A. Business Unit Precious Metals Refining | BELGIUM | |
| EM Vinto | BOLIVIA (PLURINATIONAL STATE OF) | |
| Operaciones Metalurgical S.A. | BOLIVIA (PLURINATIONAL STATE OF) | |
| ACL Metais Eireli | BRAZIL | |
| AngloGold Ashanti Córrego do Sítio Minerção | BRAZIL | |
| Cooperativa Metalurgica de Rondônia Ltda. | BRAZIL | |
| Estanho de Rondônia S.A. | BRAZIL | |
| LSM Brasil S.A. | BRAZIL | |
| Magnu’s Minerais Metais e Ligas Ltda. | BRAZIL | |
| Melt Metais e Ligas S.A. | BRAZIL | |
| Mineração Taboca S.A. | BRAZIL | |
| Resind Indústria e Comércio Ltda. | BRAZIL | |
| Soft Metais Ltda. | BRAZIL | |
| Umicore Brasil Ltda. | BRAZIL | |
| White Solder Metalurgia e Mineração Ltda. | BRAZIL | |
| Asahi Refining Canada Ltd. | CANADA | |
| CCR Refinery—Glencore Canada Corporation | CANADA | |
| Royal Canadian Mint | CANADA | |
| Changsha South Tantalum Niobium Co., Ltd. | CHINA | |
| Chenzhou Diamond Tungsten Products Co., Ltd. | CHINA | |
| Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. | CHINA | |
| China Tin Group Co., Ltd. | CHINA | |
| Chongyi Zhangyuan Tungsten Co., Ltd. | CHINA | |
| CNMC (Guangxi) PGMA Co., Ltd. | CHINA | |
| Conghua Tantalum and Niobium Smeltry | CHINA | |
| Daye Non-Ferrous Metals Mining Ltd. | CHINA |
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| Dayu Jincheng Tungsten Industry Co., Ltd. | CHINA | |
| Dayu Weiliang Tungsten Co., Ltd. | CHINA | |
| Duoluoshan | CHINA | |
| F&X Electro-Materials Ltd. | CHINA | |
| FIR Metals & Resource Ltd. | CHINA | |
| Fujian Jinxin Tungsten Co., Ltd. | CHINA | |
| Gansu Seemine Material Hi-Tech Co., Ltd. | CHINA | |
| Ganzhou Huaxing Tungsten Products Co., Ltd. | CHINA | |
| Ganzhou Jiangwu Ferrotungsten Co., Ltd. | CHINA | |
| Ganzhou Seadragon W & Mo Co., Ltd. | CHINA | |
| Ganzhou Yatai Tungsten Co., Ltd. | CHINA | |
| Gejiu Fengming Metallurgy Chemical Plant | CHINA | |
| Gejiu Jinye Mineral Company | CHINA | |
| Gejiu Kai Meng Industry and Trade LLC | CHINA | |
| Gejiu Non-Ferrous Metal Processing Co., Ltd. | CHINA | |
| Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. | CHINA | |
| Gejiu Zili Mining And Metallurgy Co., Ltd. | CHINA | |
| Great Wall Precious Metals Co., Ltd. of CBPM | CHINA | |
| Guangdong Jinding Gold Limited | CHINA | |
| Guangdong Xianglu Tungsten Co., Ltd. | CHINA | |
| Guangdong Zhiyuan New Material Co., Ltd. | CHINA | |
| Guanyang Guida Nonferrous Metal Smelting Plant | CHINA | |
| Guoda Safina High-Tech Environmental Refinery Co., Ltd. | CHINA | |
| Hangzhou Fuchunjiang Smelting Co., Ltd. | CHINA | |
| Hengyang King Xing Lifeng New Materials Co., Ltd. | CHINA | |
| Heraeus Ltd. Hong Kong | CHINA | |
| HuiChang Hill Tin Industry Co., Ltd. | CHINA | |
| Huichang Jinshunda Tin Co., Ltd. | CHINA | |
| Hunan Chenzhou Mining Co., Ltd. | CHINA | |
| Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji | CHINA | |
| Hunan Chunchang Nonferrous Metals Co., Ltd. | CHINA | |
| Inner Mongolia Qiankun Gold and Silver Refinery Share Co. Ltd. | CHINA | |
| Jiangwu H.C. Starck Tungsten Products Co., Ltd. | CHINA | |
| Jiangxi Copper Co., Ltd. | CHINA | |
| Jiangxi Dayu Longxintai Tungsten Co., Ltd. | CHINA | |
| Jiangxi Dinghai Tantalum & Niobium Co., Ltd. | CHINA | |
| Jiangxi Gan Bei Tungsten Co., Ltd. | CHINA |
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| Jiangxi Ketai Advanced Material Co., Ltd. | CHINA | |
| Jiangxi Minmetals Gao’an Non-ferrous Metals Co., Ltd. | CHINA | |
| Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. | CHINA | |
| Jiangxi Tuohong New Raw Material | CHINA | |
| Jiangxi Xinsheng Tungsten Industry Co., Ltd. | CHINA | |
| Jiangxi Xiushui Xianggan Nonferrous Metals Co., Ltd. | CHINA | |
| Jiangxi Yaosheng Tungsten Co., Ltd. | CHINA | |
| JiuJiang JinXin Nonferrous Metals Co., Ltd. | CHINA | |
| Jiujiang Tanbre Co., Ltd. | CHINA | |
| Jiujiang Zhongao Tantalum & Niobium Co., Ltd. | CHINA | |
| King-Tan Tantalum Industry Ltd. | CHINA | |
| Lingbao Gold Co., Ltd. | CHINA | |
| Lingbao Jinyuan Tonghui Refinery Co., Ltd. | CHINA | |
| Luoyang Zijin Yinhui Gold Refinery Co., Ltd. | CHINA | |
| Malipo Haiyu Tungsten Co., Ltd. | CHINA | |
| Metalor Technologies (Hong Kong) Ltd. | CHINA | |
| Metalor Technologies (Suzhou) Ltd. | CHINA | |
| Nankang Nanshan Tin Manufactory Co., Ltd. | CHINA | |
| Ningxia Orient Tantalum Industry Co., Ltd. | CHINA | |
| Penglai Penggang Gold Industry Co., Ltd. | CHINA | |
| RFH Tantalum Smeltry Co., Ltd. | CHINA | |
| Shandong Tiancheng Biological Gold Industrial Co., Ltd. | CHINA | |
| Shandong Zhaojin Gold & Silver Refinery Co., Ltd. | CHINA | |
| Shenzhen Lvqiantian Solder Manufacture Technology Co. LTD. | CHINA | |
| Sichuan Tianze Precious Metals Co., Ltd. | CHINA | |
| South-East Nonferrous Metal Company Limited of Hengyang City | CHINA | |
| TDC—Tungsten Products Co. | CHINA | |
| The Refinery of Shandong Gold Mining Co., Ltd. | CHINA | |
| Tongling Nonferrous Metal Mining Co., Ltd. | CHINA | |
| Xiamen Tungsten (H.C.) Co., Ltd. | CHINA | |
| Xiamen Tungsten Co., Ltd. | CHINA | |
| Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd. | CHINA | |
| Xinhai Rendan Shaoguan Tungsten Co., Ltd. | CHINA | |
| XinXing HaoRong Electronic Material Co., Ltd. | CHINA |
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| Yichun Jin Yang Rare Metal Co., Ltd. | CHINA | |
| Yunnan Chengfeng Non-ferrous Metals Co., Ltd. | CHINA | |
| Yunnan Copper Industry Co., Ltd. | CHINA | |
| Yunnan Tin Company Limited | CHINA | |
| Zhongyuan Gold Smelter of Zhongjin Gold Corporation | CHINA | |
| Zhuzhou Cemented Carbide Group Co., Ltd. | CHINA | |
| Zijin Mining Group Co., Ltd. Gold Refinery | CHINA | |
| Molycorp Silmet A.S. | ESTONIA | |
| SAAMP | FRANCE | |
| Allgemeine Gold-und Silberscheideanstalt A.G. | GERMANY | |
| Aurubis AG | GERMANY | |
| C. Hafner GmbH + Co. KG | GERMANY | |
| DODUCO GmbH | GERMANY | |
| H.C. Starck GmbH | GERMANY | |
| H.C. Starck GmbH Goslar | GERMANY | |
| H.C. Starck GmbH Laufenburg | GERMANY | |
| H.C. Starck Hermsdorf GmbH | GERMANY | |
| H.C. Starck Smelting GmbH & Co. KG | GERMANY | |
| Heimerle + Meule GmbH | GERMANY | |
| Heraeus Precious Metals GmbH & Co. KG | GERMANY | |
| SAXONIA Edelmetalle GmbH | GERMANY | |
| WIELAND Edelmetalle GmbH | GERMANY | |
| Bangalore Refinery | INDIA | |
| Metallurgical Products India Pvt., Ltd. | INDIA | |
| MMTC-PAMP India Pvt., Ltd. | INDIA | |
| CV Ayi Jaya | INDONESIA | |
| CV Dua Sekawan | INDONESIA | |
| CV Gita Pesona | INDONESIA | |
| CV Serumpun Sebalai | INDONESIA | |
| CV Tiga Sekawan | INDONESIA | |
| CV United Smelting | INDONESIA | |
| CV Venus Inti Perkasa | INDONESIA | |
| PT Aneka Tambang (Persero) Tbk | INDONESIA | |
| PT Aries Kencana Sejahtera | INDONESIA | |
| PT Artha Cipta Langgeng | INDONESIA | |
| PT ATD Makmur Mandiri Jaya | INDONESIA | |
| PT Babel Inti Perkasa | INDONESIA | |
| PT Bangka Prima Tin | INDONESIA | |
| PT Bangka Tin Industry | INDONESIA | |
| PT Belitung Industri Sejahtera | INDONESIA |
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| PT Bukit Timah | INDONESIA | |
| PT Cipta Persada Mulia | INDONESIA | |
| PT DS Jaya Abadi | INDONESIA | |
| PT Eunindo Usaha Mandiri | INDONESIA | |
| PT Inti Stania Prima | INDONESIA | |
| PT Justindo | INDONESIA | |
| PT Karimun Mining | INDONESIA | |
| PT Kijang Jaya Mandiri | INDONESIA | |
| PT Mitra Stania Prima | INDONESIA | |
| PT Panca Mega Persada | INDONESIA | |
| PT Prima Timah Utama | INDONESIA | |
| PT Refined Bangka Tin | INDONESIA | |
| PT Sariwiguna Binasentosa | INDONESIA | |
| PT Stanindo Inti Perkasa | INDONESIA | |
| PT Sukses Inti Makmur | INDONESIA | |
| PT Sumber Jaya Indah | INDONESIA | |
| PT Timah (Persero) Tbk Kundur | INDONESIA | |
| PT Timah (Persero) Tbk Mentok | INDONESIA | |
| PT Tinindo Inter Nusa | INDONESIA | |
| PT Tirus Putra Mandiri | INDONESIA | |
| PT Wahana Perkit Jaya | INDONESIA | |
| Chimet S.p.A. | ITALY | |
| T.C.A S.p.A | ITALY | |
| A.L.M.T. TUNGSTEN Corp. | JAPAN | |
| Aida Chemical Industries Co., Ltd. | JAPAN | |
| Asahi Pretec Corp. | JAPAN | |
| Asaka Riken Co., Ltd. | JAPAN | |
| Chugai Mining | JAPAN | |
| Dowa | JAPAN | |
| Eco-System Recycling Co., Ltd. | JAPAN | |
| Global Advanced Metals Aizu | JAPAN | |
| H.C. Starck Ltd. | JAPAN | |
| Ishifuku Metal Industry Co., Ltd. | JAPAN | |
| Japan Mint | JAPAN | |
| Japan New Metals Co., Ltd. | JAPAN | |
| JX Nippon Mining & Metals Co., Ltd. | JAPAN | |
| Kojima Chemicals Co., Ltd | JAPAN | |
| Matsuda Sangyo Co., Ltd. | JAPAN | |
| Mitsubishi Materials Corporation | JAPAN | |
| Mitsui Mining and Smelting Co., Ltd. | JAPAN | |
| Nihon Material Co., Ltd. | JAPAN |
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| Ohura Precious Metal Industry Co., Ltd. | JAPAN | |
| Sumitomo Metal Mining Co., Ltd. | JAPAN | |
| Taki Chemical Co., Ltd. | JAPAN | |
| Tanaka Kikinzoku Kogyo K.K. | JAPAN | |
| Tokuriki Honten Co., Ltd. | JAPAN | |
| Yamamoto Precious Metal Co., Ltd. | JAPAN | |
| Yokohama Metal Co., Ltd. | JAPAN | |
| Kazakhmys Smelting LLC | KAZAKHSTAN | |
| Kazzinc | KAZAKHSTAN | |
| Ulba Metallurgical Plant JSC | KAZAKHSTAN | |
| Daejin Indus Co., Ltd. | KOREA (REPUBLIC OF) | |
| DSC (Do Sung Corporation) | KOREA (REPUBLIC OF) | |
| Korea Zinc Co., Ltd. | KOREA (REPUBLIC OF) | |
| LS-NIKKO Copper Inc. | KOREA (REPUBLIC OF) | |
| Samduck Precious Metals | KOREA (REPUBLIC OF) | |
| Samwon Metals Corp. | KOREA (REPUBLIC OF) | |
| Torecom | KOREA (REPUBLIC OF) | |
| Woltech Korea Co., Ltd. | KOREA (REPUBLIC OF) | |
| HwaSeong CJ Co. Ltd. | KOREA, REPUBLIC OF | |
| Kyrgyzaltyn JSC | KYRGYZSTAN | |
| Malaysia Smelting Corporation (MSC) | MALAYSIA | |
| Modeltech Sdn Bhd | MALAYSIA | |
| Caridad | MEXICO | |
| KEMET Blue Metals | MEXICO | |
| Metalúrgica Met-Mex Peñoles S.A. De C.V. | MEXICO | |
| Remondis Argentia B.V. | NETHERLANDS | |
| Schone Edelmetaal B.V. | NETHERLANDS | |
| Morris and Watson | NEW ZEALAND | |
| Minsur | PERU | |
| Bangko Sentral ng Pilipinas (Central Bank of the Philippines) | PHILIPPINES | |
| O.M. Manufacturing Philippines, Inc. | PHILIPPINES | |
| Philippine Chuangxin Industrial Co., Inc. | PHILIPPINES | |
| Fenix Metals | POLAND | |
| KGHM Polska Miedź Spółka Akcyjna | POLAND | |
| Hydrometallurg, JSC | RUSSIAN FEDERATION | |
| JSC Ekaterinburg Non-Ferrous Metal Processing Plant | RUSSIAN FEDERATION | |
| JSC Uralelectromed | RUSSIAN FEDERATION | |
| Moliren Ltd | RUSSIAN FEDERATION | |
| Moscow Special Alloys Processing Plant | RUSSIAN FEDERATION |
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| OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastsvetmet) | RUSSIAN FEDERATION | |
| OJSC Novosibirsk Refinery | RUSSIAN FEDERATION | |
| Prioksky Plant of Non-Ferrous Metals | RUSSIAN FEDERATION | |
| SOE Shyolkovsky Factory of Secondary Precious Metals | RUSSIAN FEDERATION | |
| Solikamsk Magnesium Works OAO | RUSSIAN FEDERATION | |
| L’azurde Company For Jewelry | SAUDI ARABIA | |
| Metalor Technologies (Singapore) Pte., Ltd. | SINGAPORE | |
| Rand Refinery (Pty) Ltd. | SOUTH AFRICA | |
| Elmet S.L.U. | SPAIN | |
| SEMPSA Joyería Platería S.A. | SPAIN | |
| Sudan Gold Refinery | SUDAN | |
| Boliden AB | SWEDEN | |
| Argor-Heraeus S.A. | SWITZERLAND | |
| Cendres + Métaux S.A. | SWITZERLAND | |
| Metalor Technologies S.A. | SWITZERLAND | |
| PAMP S.A. | SWITZERLAND | |
| PX Précinox S.A. | SWITZERLAND | |
| Valcambi S.A. | SWITZERLAND | |
| Rui Da Hung | TAIWAN, PROVINCE OF CHINA | |
| Singway Technology Co., Ltd. | TAIWAN, PROVINCE OF CHINA | |
| Solar Applied Materials Technology Corp. | TAIWAN, PROVINCE OF CHINA | |
| H.C. Starck Co., Ltd. | THAILAND | |
| O.M. Manufacturing (Thailand) Co., Ltd. | THAILAND | |
| Thaisarco | THAILAND | |
| Umicore Precious Metals Thailand | THAILAND | |
| Atasay Kuyumculuk Sanayi Ve Ticaret A.S. | TURKEY | |
| Istanbul Gold Refinery | TURKEY | |
| Nadir Metal Rafineri San. Ve Tic. A.Ş. | TURKEY | |
| Al Etihad Gold Refinery DMCC | UNITED ARAB EMIRATES | |
| Emirates Gold DMCC | UNITED ARAB EMIRATES | |
| Kaloti Precious Metals | UNITED ARAB EMIRATES | |
| Advanced Chemical Company | UNITED STATES OF AMERICA | |
| Alpha | UNITED STATES OF AMERICA | |
| Asahi Refining USA Inc. | UNITED STATES OF AMERICA | |
| D Block Metals, LLC | UNITED STATES OF AMERICA | |
| E.S.R. Electronics | UNITED STATES OF AMERICA | |
| Elemetal Refining, LLC | UNITED STATES OF AMERICA | |
| Exotech Inc. | UNITED STATES OF AMERICA | |
| Geib Refining Corporation | UNITED STATES OF AMERICA |
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| Global Advanced Metals Boyertown | UNITED STATES OF AMERICA | |
| Global Tungsten & Powders Corp. | UNITED STATES OF AMERICA | |
| H.C. Starck Inc. | UNITED STATES OF AMERICA | |
| Hi-Temp Specialty Metals, Inc. | UNITED STATES OF AMERICA | |
| KEMET Blue Powder | UNITED STATES OF AMERICA | |
| Kennametal Fallon | UNITED STATES OF AMERICA | |
| Kennametal Huntsville | UNITED STATES OF AMERICA | |
| Kennecott Utah Copper LLC | UNITED STATES OF AMERICA | |
| Materion | UNITED STATES OF AMERICA | |
| Metallic Resources, Inc. | UNITED STATES OF AMERICA | |
| Metalor USA Refining Corporation | UNITED STATES OF AMERICA | |
| Niagara Refining LLC | UNITED STATES OF AMERICA | |
| QuantumClean | UNITED STATES OF AMERICA | |
| Republic Metals Corporation | UNITED STATES OF AMERICA | |
| Sabin Metal Corp. | UNITED STATES OF AMERICA | |
| So Accurate Group, Inc. | UNITED STATES OF AMERICA | |
| Telex Metals | UNITED STATES OF AMERICA | |
| Tranzact, Inc. | UNITED STATES OF AMERICA | |
| United Precious Metal Refining, Inc. | UNITED STATES OF AMERICA | |
| Almalyk Mining and Metallurgical Complex (AMMC) | UZBEKISTAN | |
| Navoi Mining and Metallurgical Combinat | UZBEKISTAN | |
| An Thai Minerals Co., Ltd. | VIET NAM | |
| An Vinh Joint Stock Mineral Processing Company | VIET NAM | |
| Asia Tungsten Products Vietnam Ltd. | VIET NAM | |
| Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company | VIET NAM | |
| Nghe Tinh Non-Ferrous Metals Joint Stock Company | VIET NAM | |
| Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC | VIET NAM | |
| Tejing (Vietnam) Tungsten Co., Ltd. | VIET NAM | |
| Tuyen Quang Non-Ferrous Metals Joint Stock Company | VIET NAM | |
| Vietnam Youngsun Tungsten Industry Co., Ltd | VIET NAM | |
| VQB Mineral and Trading Group JSC | VIET NAM |
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The description of the Company’s due diligence exercise set forth above under the heading “Due Diligence” explains the Company’s efforts to determine the mine or location of origin with the greatest possible specificity.
Section 8. Future Efforts to Mitigate Risk
The Company intends to continuously improve upon its due diligence efforts related to 3TGs. The Company will continue to:
| • | Use revised and updated versions of the CMRT for its survey tools; |
| • | Monitor and encourage the continued development and progress of traceability measures for suppliers; and |
| • | Engage with suppliers to provide responses or complete responses in 2017. |
Section 9. Forward Looking Statements
This document contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or are proven incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. You can identify some of the forward-looking statements by the use of forward-looking words, such as “intend” 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 the Company intends to take to mitigate risk with respect to 3TGs used in our products and that a smelter in a Covered Country is expected to receive certification as a CFSI smelter.
The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to: (1) the continued implementation of satisfactory traceability and other compliance measures by the Company’s direct, on a timely basis or at all, (2) whether suppliers and other market participants responsibly source 3TGs, and (3) political and regulatory developments, whether in the DRC region, the United States, or elsewhere. You are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of filing of this document. All forward-looking statements in this Report are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.
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