Exhibit 1.01
Conflict Minerals Report of Polaris Industries Inc.
This is the Conflict Minerals Report of Polaris Industries Inc. (“Polaris,” the “Company”, “we” or “us”) for calendar year 2014 in accordance with Rule 13p-1 (“Rule 13p-1”) under the Securities Exchange Act of 1934 (the “1934 Act”).
Certain Polaris products contain materials that use tin, tantalum, tungsten and/or gold (collectively “3TG”). Due to the depth of the supply chain, we are far removed from the sources of ore from which these metals are produced and the smelters/refiners that process those ores. Accordingly, the efforts we have undertaken to identify the countries of origin of those ores reflect our circumstances and position in the supply chain. The amount of information available globally on the traceability and sourcing of these ores is limited at this time. We have taken steps to identify the applicable smelters and refiners of such 3TG metals in our supply chain. The efforts were undertaken on the products manufactured by us in 2014. This report excludes products manufactured by companies that we do not consolidate into our consolidated financial statements and companies which we acquired after April 30, 2013.
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II. | Reasonable Country of Origin Inquiry (RCOI) |
Direct suppliers were asked to provide answers to the Electronic Industry Citizenship Coalition-Global e-Sustainability Initiative (EICC-GeSI) Conflict Minerals Common Reporting Template. The EICC-GeSI Conflict Minerals Common Reporting Template is regarded as the most common reporting tool for conflict minerals content and sourcing information worldwide, developed by several of the world’s leading consumer electronics brands.
We reviewed questionnaires we received from our direct suppliers for completeness and consistency of answers. Certain suppliers were requested to provide corrections and clarifications as needed. We identified a list of smelters/refiners, and their countries of origin, which may supply 3TG utilized in our manufactured products. As many of the responses received from our suppliers were at a level higher than only those products procured to us, it is possible that the list includes smelters/refiners which do not provide 3TG that are utilized in our manufactured products. While we believe our RCOI process was reasonably designed and performed in good faith, as we did not receive responses from all inquired suppliers the list of smelters/refiners set forth below may be incomplete.
The list of smelters/refiners, and their countries of origin, is listed in Section VIII of this Conflict Minerals Report. Through our RCOI process, some suppliers disclosed to us that scrap sources of 3TG were identified in their supply chains and did not require due diligence. These sources are excluded from the listing in Section VIII.
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III. | Design of Due Diligence Measures |
We designed our due diligence measures to conform in all material respects with the five step framework of OECD (2011), OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas and the supplements on tin, tantalum, tungsten and gold.
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IV. | Due Diligence Measures Performed |
The due diligence measures performed includes, but are not limited to the following:
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• | Reported to senior management on direct suppliers’ responses to our conflict minerals information requests, including updates on monitoring and tracking corrective action and risk mitigation efforts; |
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• | Communicated our policy on Conflict Minerals to direct suppliers; |
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• | Communicated the commitments and requirements expected of our suppliers; |
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• | Developed a risk mitigation plan that allows for continued trade with a supplier during the supplier’s risk mitigation efforts; |
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• | Supported the development and implementation of independent third party audits of smelter/refiner’s sourcing through our policy and procurement practices that encourage suppliers to purchase materials from audited smelters/refiners. |
We design, engineer and manufacture Off-Road Vehicles, Snowmobiles, Motorcycles and Small Vehicles, together with the related replacement Parts, Garments and Accessories. Many of our products are manufactured utilizing similar processes and similar components. Our suppliers often supply parts and components that are utilized in multiple product categories.
As a result of the due diligence procedures described above, Polaris has determined that our products are DRC conflict undeterminable.
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VI. | Steps to Improve Due Diligence |
We have and will continue to communicate our expectations and information requirements to our direct suppliers. We have and will also continue to monitor changes in circumstances that may impact the facts or our determination. Over time, we anticipate that the amount of information globally on the traceability and sourcing of the applicable ores will increase and improve our knowledge. We will continue to make inquiries to our direct suppliers and undertake additional fact and risk assessments where potentially relevant changes in facts or circumstances are identified. New suppliers will be reviewed for conflict minerals conformance during initial business reviews. If we become aware of a supplier whose due diligence needs improvement, we intend to continue the trade relationship while that supplier improves its performance. We expect our suppliers to take similar measures with their suppliers to ensure alignment throughout the supply chain.
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VII. | Independent Private Sector Audit |
Not required for calendar year 2014.
VIII. List of Smelters/Refiners
Section II discusses the process we used to identify potential smelters/refiners within our supply chain. We identified the following smelters/refiners that have achieved Conflict Free designation by the Conflict Free Smelter Initiative (CFSI) or an audit program with which CFSI has mutual recognition, or are actively in the process of obtaining the designations:
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Subject Mineral | Smelter or Refiner Name |
Gold | Advanced Chemical Company |
Gold | Aida Chemical Industries Co. Ltd. |
Gold | Allgemeine Gold-und Silberscheideanstalt A.G. |
Gold | Almalyk Mining and Metallurgical Complex (AMMC) |
Gold | AngloGold Ashanti Córrego do Sítio Minerção |
Gold | Argor-Heraeus SA |
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Subject Mineral | Smelter or Refiner Name |
Gold | Asahi Pretec Corporation |
Gold | Asaka Riken Co Ltd |
Gold | Atasay Kuyumculuk Sanayi Ve Ticaret A.S. |
Gold | Aurubis AG |
Gold | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) |
Gold | Bauer Walser AG |
Gold | Boliden AB |
Gold | C. Hafner GmbH + Co. KG |
Gold | Caridad |
Gold | CCR Refinery - Glencore Canada Corporation |
Gold | Cendres + Métaux SA |
Gold | Chimet S.p.A. |
Gold | China National Gold Group Corporation |
Gold | Chugai Mining |
Gold | Codelco |
Gold | Colt Refining |
Gold | Daejin Indus Co. Ltd |
Gold | Daye Non-Ferrous Metals Mining Ltd. |
Gold | Do Sung Corporation |
Gold | Doduco |
Gold | Dowa Mining Co., Ltd. |
Gold | Eco-System Recycling Co., Ltd. |
Gold | FSE Novosibirsk Refinery |
Gold | Gansu Seemine Material Hi-Tech Co Ltd |
Gold | Guangdong Jinding Gold Limited |
Gold | Hangzhou Fuchunjiang Smelting Co., Ltd. |
Gold | Heimerle + Meule GmbH |
Gold | Heraeus Incorporated |
Gold | Heraeus Ltd. Hong Kong |
Gold | Heraeus Precious Metals GmbH & Co. KG |
Gold | Hwasung CJ Co. Ltd |
Gold | Inner Mongolia Qiankun Gold and Silver Refinery Share Company Limited |
Gold | Istanbul Gold Refinery |
Gold | Japan Mint |
Gold | Jiangxi Copper Company Limited |
Gold | Johnson Matthey Inc |
Gold | Johnson Matthey Ltd |
Gold | JSC Ekaterinburg Non-Ferrous Metal Processing Plant |
Gold | JSC Uralelectromed |
Gold | JX Nippon Mining & Metals Co., Ltd. |
Gold | Kazakhmys plc |
Gold | Kazzinc Inc. |
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Subject Mineral | Smelter or Refiner Name |
Gold | Kennecott Utah Copper LLC |
Gold | Kojima Chemicals Co., Ltd |
Gold | Korea Metal Co. Ltd |
Gold | Kyrgyzaltyn JSC |
Gold | L' azurde Company For Jewelry |
Gold | Lingbao Gold Company Ltd. |
Gold | Lingbao Jinyuan Tonghui Refinery Co. Ltd. |
Gold | LS-NIKKO Copper Inc. |
Gold | Luoyang Zijin Yinhui Metal Smelt Co Ltd |
Gold | Materion |
Gold | Matsuda Sangyo Co., Ltd. |
Gold | Metalor Technologies (Hong Kong) Ltd |
Gold | Metalor Technologies (Singapore) Pte. Ltd. |
Gold | Metalor Technologies (Suzhou) Co Ltd |
Gold | Metalor Technologies SA |
Gold | Metalor USA Refining Corporation |
Gold | Met-Mex Peñoles, S.A. |
Gold | Mitsubishi Materials Corporation |
Gold | Mitsui Mining and Smelting Co., Ltd. |
Gold | Moscow Special Alloys Processing Plant |
Gold | Nadir Metal Rafineri San. Ve Tic. A.ª. |
Gold | Navoi Mining and Metallurgical Combinat |
Gold | Nihon Material Co. LTD |
Gold | Ohio Precious Metals, LLC |
Gold | Ohura Precious Metal Industry Co., Ltd |
Gold | OJSC “The Gulidov Krasnoyarsk Non-Ferrous Metals Plant” (OJSC Krastvetmet) |
Gold | OJSC Kolyma Refinery |
Gold | PAMP SA |
Gold | Penglai Penggang Gold Industry Co Ltd |
Gold | Prioksky Plant of Non-Ferrous Metals |
Gold | PT Aneka Tambang (Persero) Tbk |
Gold | PX Précinox SA |
Gold | Rand Refinery (Pty) Ltd |
Gold | Royal Canadian Mint |
Gold | Sabin Metal Corp. |
Gold | Samduck Precious Metals |
Gold | SAMWON METALS Corp. |
Gold | Schöne Edelmetaal B.V. |
Gold | SEMPSA Joyería Platería SA |
Gold | Shandong Zhaojin Gold & Silver Refinery Co. Ltd |
Gold | So Accurate Group, Inc. |
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Subject Mineral | Smelter or Refiner Name |
Gold | SOE Shyolkovsky Factory of Secondary Precious Metals |
Gold | Solar Applied Materials Technology Corp. |
Gold | Sumitomo Metal Mining Co., Ltd. |
Gold | Tanaka Kikinzoku Kogyo K.K. |
Gold | The Great Wall Gold and Silver Refinery of China |
Gold | The Refinery of Shandong Gold Mining Co. Ltd |
Gold | Tokuriki Honten Co., Ltd |
Gold | Torecom |
Gold | Umicore Brasil Ltda |
Gold | Umicore Precious Metals Thailand |
Gold | United Precious Metal Refining, Inc. |
Gold | Valcambi SA |
Gold | Western Australian Mint trading as The Perth Mint |
Gold | Yamamoto Precious Metal Co., Ltd. |
Gold | Yokohama Metal Co Ltd |
Gold | Yunnan Copper Industry Co Ltd |
Gold | Zhongyuan Gold Smelter of Zhongjin Gold Corporation |
Gold | Zijin Mining Group Co. Ltd |
Tantalum | AMG Advanced Metallurgical Group |
Tantalum | Changsha South Tantalum Niobium Co., Ltd. |
Tantalum | Conghua Tantalum and Niobium Smeltry |
Tantalum | Duoluoshan Sapphire Rare Metal Co., Ltd. |
Tantalum | Exotech Inc. |
Tantalum | F&X Electro-Materials Ltd. |
Tantalum | Global Advanced Metals Aizu |
Tantalum | Global Advanced Metals Boyertown |
Tantalum | Guangdong Zhiyuan New Material Co., Ltd. |
Tantalum | H.C. Starck Co., Ltd. |
Tantalum | H.C. Starck GmbH Goslar |
Tantalum | H.C. Starck GmbH Laufenburg |
Tantalum | H.C. Starck Hermsdorf GmbH |
Tantalum | H.C. Starck Inc. |
Tantalum | H.C. Starck Ltd. |
Tantalum | Hengyang King Xing Lifeng New Materials Co., Ltd. |
Tantalum | Hi-Temp Specialty Metals, Inc. |
Tantalum | JiuJiang JinXin Nonferrous Metals Co., Ltd. |
Tantalum | Jiujiang Tanbre Co., Ltd. |
Tantalum | KEMET Blue Metals |
Tantalum | Kemet Blue Powder |
Tantalum | King-Tan Tantalum Industry Ltd |
Tantalum | LSM Brasil S.A. |
Tantalum | Metallurgical Products India (Pvt.) Ltd. |
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Subject Mineral | Smelter or Refiner Name |
Tantalum | Mitsui Mining and Smelting Co., Ltd. |
Tantalum | Molycorp Silmet A.S. |
Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. |
Tantalum | Plansee SE Liezen |
Tantalum | Plansee SE Reutte |
Tantalum | QuantumClean |
Tantalum | RFH Tantalum Smeltry Co., Ltd |
Tantalum | Shanghai Jiangxi Metals Co., Ltd. |
Tantalum | Taki Chemicals |
Tantalum | Telex |
Tantalum | Ulba |
Tantalum | Yichun Jin Yang Rare Metal Co., Ltd |
Tantalum | Zhuzhou Cement Carbide |
Tin | Alpha |
Tin | Chengfeng Metals Co Pte Ltd |
Tin | China Rare Metal Materials Company |
Tin | China Tin Group Co., Ltd. |
Tin | CNMC (Guangxi) PGMA Co. Ltd. |
Tin | Complejo Metalurgico Vinto S.A. |
Tin | Cooper Santa |
Tin | CSC Pure Technologies |
Tin | CV Duta Putra Bangka |
Tin | CV Makmur Jaya |
Tin | CV Nurjanah |
Tin | CV Prima Timah Utama |
Tin | CV Serumpun Sebalai |
Tin | CV United Smelting |
Tin | Electroloy Metal Pte |
Tin | Empresa Metallurgica Vinto |
Tin | Estanho de Rondônia S.A. |
Tin | Fenix Metals |
Tin | Gejiu Kai Meng Industry and Trade LLC |
Tin | Gejiu Non-Ferrous Metal Processing Co. Ltd. |
Tin | Gejiu Zi-Li |
Tin | Heraeus Materials Technology GmbH & Co. KG |
Tin | Huichang Jinshunda Tin Co. Ltd |
Tin | Hyundai-Steel |
Tin | Jean Goldschmidt International SA |
Tin | Jiangxi Nanshan |
Tin | Kai Unita Trade Limited Liability Company |
Tin | Koki Products Co., Ltd. |
Tin | Kovohutì Pøíbram |
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Subject Mineral | Smelter or Refiner Name |
Tin | Linwu Xianggui Smelter Co |
Tin | Magnu's Minerais Metais e Ligas LTDA |
Tin | Malaysia Smelting Corporation (MSC) |
Tin | Melt Metais e Ligas S/A |
Tin | Metallo Chimique |
Tin | Mineração Taboca S.A. |
Tin | Minsur |
Tin | Nghe Tinh Non-Ferrous Metals Joint Stock Company |
Tin | Novosibirsk Integrated Tin Works |
Tin | O.M. Manufacturing (Thailand) Co., Ltd. |
Tin | Operaciones Metalurgical S.A. |
Tin | Poongsan Corporation |
Tin | POSCO |
Tin | PT Alam Lestari Kencana |
Tin | PT Artha Cipta Langgeng |
Tin | PT Babel Inti Perkasa |
Tin | PT Babel Surya Alam Lestari |
Tin | PT Bangka Kudai Tin |
Tin | PT Bangka Putra Karya |
Tin | PT Bangka Timah Utama Sejahtera |
Tin | PT Bangka Tin Industry |
Tin | PT Belitung Industri Sejahtera |
Tin | PT BilliTin Makmur Lestari |
Tin | PT Bukit Timah |
Tin | PT DS Jaya Abadi |
Tin | PT Eunindo Usaha Mandiri |
Tin | PT HP Metals Indonesia |
Tin | PT Justindo |
Tin | PT Koba Tin |
Tin | PT Mitra Stania Prima |
Tin | PT Pelat Timah Nusantara Tbk |
Tin | PT Prima Timah Utama |
Tin | PT Refined Banka Tin |
Tin | PT Sariwiguna Binasentosa |
Tin | PT Stanindo Inti Perkasa |
Tin | PT Sumber Jaya Indah |
Tin | PT Supra Sukses Trinusa |
Tin | PT Tambang Timah |
Tin | PT Timah (Persero), Tbk |
Tin | PT Tinindo Inter Nusa |
Tin | PT Yinchendo Mining Industry |
Tin | Pure Technology |
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Subject Mineral | Smelter or Refiner Name |
Tin | Rui Da Hung |
Tin | Senju Metal Industry Co., Ltd. |
Tin | SGS |
Tin | Soft Metais, Ltda. |
Tin | Technic Inc. |
Tin | Thaisarco |
Tin | White Solder Metalurgia e Mineração Ltda. |
Tin | Yunnan Chengfeng Non-ferrous Metals Co.,Ltd. |
Tin | Yunnan Tin Company Limited |
Tungsten | A.L.M.T. Corp. |
Tungsten | Chenzhou Diamond Tungsten Products Co., Ltd. |
Tungsten | Chongyi Zhangyuan Tungsten Co., Ltd. |
Tungsten | Dayu Weiliang Tungsten Co., Ltd. |
Tungsten | Fujian Jinxin Tungsten Co., Ltd. |
Tungsten | Ganzhou Huaxing Tungsten Products Co., Ltd. |
Tungsten | Ganzhou Jiangwu Ferrotungsten Co., Ltd. |
Tungsten | Ganzhou Non-ferrous Metals Smelting Co., Ltd. |
Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. |
Tungsten | Global Tungsten & Powders Corp. |
Tungsten | Guangdong Xianglu Tungsten Industry Co., Ltd. |
Tungsten | H.C. Starck GmbH |
Tungsten | Hunan Chenzhou Mining Group Co., Ltd. |
Tungsten | Hunan Chun-Chang Nonferrous Smelting & Concentrating Co., Ltd. |
Tungsten | Izawa Metal Co., Ltd |
Tungsten | Japan New Metals Co., Ltd. |
Tungsten | Jiangsu Hetian Technological Material Co.,Ltd |
Tungsten | Jiangwu H.C. Starck Tungsten Products Co., Ltd. |
Tungsten | Jiangxi Gan Bei Tungsten Co., Ltd. |
Tungsten | Jiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd. |
Tungsten | Jiangxi Rare Earth & Rare Metals Tungsten Group Corp |
Tungsten | Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. |
Tungsten | Jiangxi Tungsten Industry Group Co Ltd |
Tungsten | Jiangxi Xinsheng Tungsten Industry Co., Ltd. |
Tungsten | Jiangxi Yaosheng Tungsten Co., Ltd. |
Tungsten | Kennametal Fallon |
Tungsten | Kennametal Huntsville |
Tungsten | Malipo Haiyu Tungsten Co., Ltd. |
Tungsten | North American Tungsten |
Tungsten | Tamano Smelter, Hibi Kyodo Smelting Co., Ltd |
Tungsten | Tejing (Vietnam) Tungsten Co., Ltd. |
Tungsten | Vietnam Youngsun Tungsten Industry Co., Ltd. |
Tungsten | Voss Metals Company, Inc. |
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Subject Mineral | Smelter or Refiner Name |
Tungsten | Wolfram Bergbau und Hütten AG |
Tungsten | Wolfram Company CJSC |
Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. |
Tungsten | Xinhai Rendan Shaoguan Tungsten Co., Ltd. |
Countries of origin identified:
Argentina, Armenia, Australia, Austria, Belarus, Belgium, Bermuda, Bolivia, Burundi, Brazil, Canada, Chile, China, Democratic Republic of Congo, Estonia, Ethiopia, France, Germany, Ghana, Guinea, Guyana, Hong Kong, Indonesia, India, Italy, Japan, Kazakhstan, Kyrgyzstan, Laos, Malaysia, Mali, Mexico, Mongolia, Morocco, Mozambique, Myanmar, Namibia, Niger, Nigeria, Netherland, Papua New Guinea, Peru, Philippines, Poland, Portugal, Rwanda, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sierra Leone, Suriname, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Uzbekistan, Vietnam, Zambia, Zimbabwe
The following facilities were validated as smelters/refiners, but country of origin information was not available.
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Subject Mineral | Smelter or Refiner Name |
Gold | Aktyubinsk Copper Company TOO |
Gold | ASARCO Incorporated |
Gold* | Hunan Chenzhou Mining Group Co., Ltd.* |
Gold | Baiyin Nonferrous Group Co.,Ltd. |
Gold | China Gold International Resources Corp. Ltd. |
Gold | China Nonferrous Metal Mining (Group) Co., Ltd. |
Gold | Ishifuku Metal Industry Co., Ltd. |
Gold | Shandong Gold Mining Co., Ltd. |
Gold | Shandong Tarzan Bio-Gold Co Ltd |
Gold | Eldorado Gold Corporation |
Gold | ESG Edelmetall-Service GmbH & Co. KG |
Gold | Faggi S.p.A. |
Gold | Sichuan Tianze Precious Metals Co., Ltd |
Gold, Tin | TongLing Nonferrous Metals Group Holdings Co., Ltd. |
Gold, Tin | Umicore SA Business Unit Precious Metals Refining |
Gold | Geib Refining Corp |
Gold | Guangdong Mingfa Precious Metals Co., Ltd. |
Gold | Harmony Gold Mining Company Limited |
Gold | Super Dragon Technology Co., Ltd. |
Gold | Yantai Guodasafina High-tech Environmental Refinery CO., Ltd. |
Tantalum | Ethiopian Minerals Development Share Company |
Tantalum | Gannon & Scott |
Tantalum | Guizhou Zhenhua Xinyun Technology Ltd., Kaili branch |
Tantalum, Tungsten* | H.C. Starck Smelting GmbH & Co.KG* |
Tantalum | Jiangxi Dinghai Tantalum & Niobium Co., Ltd |
Tantalum* | Mineração Taboca S.A.* |
Tantalum | Solikamsk Metal Works |
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Subject Mineral | Smelter or Refiner Name |
Tin | Colonial Metals, Inc |
Tin | Elmet S.A. de C.V. |
Tin | Federal Metal Company |
Tin | Feinhutte Halsbrucke GmbH |
Tin | Foshan Nanhai Tong Ding Metal Company. Ltd. |
Tin | CV Gita Pesona |
Tin* | Dowa Mining Co., Ltd.* |
Tin | EFD INC. |
Tin | Hongqiao Metals (Kunshan) Co., Ltd. |
Tin, Tantalum, Tungsten | JX Nippon Mining & Metals Co., Ltd. |
Tin | Materials Eco-Refining CO.,LTD |
Tin | PBT |
Tin | Nankang Nanshan Tin Co., Ltd. |
Tin | PT ATD Makmur Mandiri Jaya |
Tin | PT Fang Di MulTindo |
Tin | PT HANJAYA PERKASA METALS |
Tin | PT Inti Stania Prima |
Tin | PT Karimun Mining |
Tin | PT Panca Mega Persada |
Tin | PT Seirama Tin investment |
Tin | PT Tommy Utama |
Tin | Shangrao Xuri Smelting Factory |
Tin | VQB Mineral and Trading Group JSC |
Tin | Xianghualing Tin Co., Ltd. |
Tungsten | Beijing Tian-Long Tungsten & Molybdenum Co., Ltd. |
Tungsten | Golden Egret Special Alloy Co. Ltd |
Tungsten* | Materion* |
Tungsten | Air Products |
Tungsten | Ganxian Shirui New Material Co., Ltd. |
Tungsten | Ganzhou Haichuang Tungsten Industry Co., Ltd. |
Tungsten | Jiangxi Richsea New Materials Co., Ltd. |
Tungsten | Luoyang Mudu Tungsten & Molybdenum Technology Co., Ltd. |
Tungsten | Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC |
Tungsten* | Sumitomo Metal Mining Co., Ltd.* |
Tungsten | TaeguTec Ltd. |
Tungsten | Xiamen Honglu Tungsten Molybdenum Industry Co.Ltd |
* Facility has obtained a conflict free audit for a metal other than the one(s) listed.