Increasing international attention concerning the extraction, processing, and use of “Conflict Minerals” originating from mining operations in the Democratic Republic of the Congo (DRC) and adjoining countries prompted the United States Congress to enact the Dodd-Frank Wall Street Reform and Consumer Protection Act, which requires publicly traded companies utilizing conflict minerals in their products to disclose the source of such minerals. The legislation was enacted in an effort to dissuade companies from continuing to engage in mineral trade, which directly or indirectly supports regional conflicts.
In Section 1502 of the legislation, regarding the sourcing of minerals, certain minerals and derivatives are designated “Conflict Minerals” regardless of where they are sourced. “Conflict minerals,” as defined by the US legislation, currently include the metals tantalum, tin, tungsten and gold, which are the derivatives of the minerals cassiterite, columbite-tantalite and wolframite, respectively. Downstream companies often refer to the derivatives of these minerals as 3TG.
While Hope Industrial Systems is not a publicly traded company and is thus not required to comply with the legislation, we wholeheartedly agree with the Dodd-Frank legislation and have worked with our suppliers to obtain copies of their reports to help ensure our compliance towards this legislation. Please contact our sales department or use the link below to obtain a copy of our Conflict Minerals Statement and Conflict Minerals Report.
Hope Industrial Systems’s Conflict Mineral Statement and Report