Document

 
 
 
 
 
 
 
 
 
 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM SD

Specialized Disclosure Report

SPX Corporation
(Exact name of registrant as specified in its charter)

Delaware 
(State or other jurisdiction
of incorporation)
 
1-6948 
(Commission
File Number)
 
38-1016240 
(IRS Employer
Identification No.)
 
 
 
 
 
13320-A Ballantyne Corporate Place, Charlotte, North Carolina
 
28277
(Address of principal executive offices)
 
(Zip Code)

John W. Nurkin (980) 474-3804
(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:

ý Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2017.

 
 
 
 
 
 
 
 
 
 





Section 1 –    Conflict Minerals Disclosure

Item 1.01    Conflict Minerals Disclosure and Report

Conflict Minerals Disclosure

SPX Corporation (“SPX” or the “Company”) is filing this Form SD pursuant to Rule 13p-1 under the Securities Exchange Act of 1934, as amended, for the reporting period from January 1, 2017 to December 31, 2017 (the “Reporting Period”).

Under Securities and Exchange Commission (“SEC”) regulations, if any “conflict minerals” (as defined below) are necessary to the functionality or production of a product manufactured by the Company or contracted by the Company to be manufactured, the Company must conduct in good faith a reasonable country of origin inquiry (“RCOI”) regarding those “conflict minerals” that is reasonably designed to determine whether any of the “conflict minerals” originated in the Covered Countries (as defined below) or are from recycled or scrap sources. Form SD defines “conflict minerals” as (i) columbite-tantalite (coltan), cassiterite, gold, wolframite, and their derivatives, which are currently limited to tantalum, tin, and tungsten; or (ii) any other mineral or its derivatives determined by the U.S. Secretary of State to be financing conflict in the Democratic Republic of the Congo or an “adjoining country,” as such term is defined in Form SD, (collectively, the “Covered Countries”).

The Company’s operations may at times manufacture, or contract to manufacture, products for which conflict minerals are necessary to the functionality or production of those products. As required by SEC’s conflict minerals rule, the Company has conducted a good faith RCOI regarding conflict minerals included in the Company’s products during the Reporting Period to determine whether any such conflict minerals originated in the Covered Countries and/or whether any of the conflict minerals were from recycled or scrap sources. Where applicable, the Company has conducted additional due diligence within the meaning of the SEC’s conflict minerals rule. The results of SPX’s RCOI, as well as the Company’s additional due diligence regarding the sources of conflict minerals, are contained in the Company’s Conflict Minerals Report, filed herewith as Exhibit 1.01, and publically available on the Company’s website at www.spx.com. The content on, or accessible through, our website or any website referred to in this Form SD is not, and shall not be deemed to be, part of this Form SD or incorporated into this or any other filings SPX makes with the SEC unless expressly noted.

Item 1.02    Exhibit

As specified in Section 2 of Form SD, the Company is hereby filing its Conflict Minerals Report as Exhibit 1.01 to this Form SD.

Section 2 –    Exhibits

Item 2.01    Exhibits

The following exhibit is filed as part of this Form SD.

Exhibit Number
Description
 
 
1.01
 
 






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.

SPX CORPORATION
 
(Registrant)
 
 
 
By:
/s/ John W. Nurkin
Date: May 25, 2018
 
John W. Nurkin
 
 
Vice President, General Counsel and Secretary
 
 
 
 







EXHIBIT INDEX

Exhibit Number
Description
 
 
1.01
 
 




Exhibit

Exhibit 1.01

SPX Corporation
Conflict Minerals Report
Reporting Period: January 1, 2017 – December 31, 2017

This Conflict Minerals Report (this “Report”) of SPX Corporation (“SPX,” “Company,” “we,” “us,” or “our”) for the reporting period from January 1, 2017 to December 31, 2017 (the “Reporting Period”) has been prepared pursuant to Rule 13p-1 and Form SD promulgated under the Securities Exchange Act of 1934, as amended.

Forward-looking statements contained in this Report are made based on events and circumstances known by us at the time of release and, as such, are inherently subject to unforeseen uncertainties and risks. Statements in this Report which express a belief, expectation, or intention, as well as those that are not historical fact, are forward-looking statements, including statements related to the Company’s business, products, compliance efforts, and expected actions identified in this Report. These forward-looking statements are subject to various risks, uncertainties, and assumptions, including, among other matters, our customers’ requirements to use certain suppliers, our suppliers’ responsiveness and cooperation with our due diligence efforts, our ability to implement improvements in our conflict minerals program, changes to the sourcing status of smelters and refiners in our supply chain, and our ability to identify and mitigate related risks in our supply chain. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, see our Annual Report on Form 10-K for the year ended December 31, 2017 and subsequent Forms 10-Q filed with the Securities and Exchange Commission (“SEC”). The Company makes these statements as of the date of this disclosure, and undertakes no obligation to update them unless otherwise required by law.

Under SEC regulations, if any “conflict minerals” (as defined below) are necessary to the functionality or production of a product manufactured by the Company or contracted by the Company to be manufactured, the Company must conduct in good faith a reasonable country of origin inquiry (“RCOI”) regarding those “conflict minerals” that is reasonably designed to determine whether any of the “conflict minerals” originated in the Covered Countries (as defined below) or are from recycled or scrap sources. Form SD defines “conflict minerals” as (i) columbite-tantalite (coltan), cassiterite, gold, wolframite, and their derivatives, which are currently limited to tantalum, tin, and tungsten; or (ii) any other mineral or its derivatives determined by the U.S. Secretary of State to be financing conflict in the Democratic Republic of the Congo or an “adjoining country,” as such term is defined in Form SD, (collectively, the “Covered Countries”).

The Company’s operations may at times manufacture, or contract to manufacture, products for which conflict minerals are necessary to the functionality or production of those products. As required by SEC’s conflict minerals rule, the Company has conducted a good faith RCOI regarding conflict minerals included in the Company’s products during the Reporting Period to determine whether any such conflict minerals originated in the Covered Countries and/or whether any of the conflict minerals were from recycled or scrap sources. Where applicable, the Company has conducted additional due diligence within the meaning of the SEC’s conflict minerals rule. The results of SPX’s RCOI, as well as the Company’s additional due diligence regarding the sources of conflict minerals, are contained in this Report.

This Report is publically available on our website at www.spx.com. The content on, or accessible through, our website or any website referred to in this Report is not, and shall not be deemed to be, part of this Report or incorporated into this or any other filings SPX makes with the SEC unless expressly noted.

Company Overview and Product Description

Based in Charlotte, North Carolina, SPX Corporation is a supplier of highly engineered HVAC products, detection and measurement technologies, and engineered solutions for grid and industrial applications. With operations in 14 countries, SPX Corporation had approximately $1.4 billion in annual revenue in 2017 and more than 5,000 employees worldwide.


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The Company’s operations may at times manufacture, or contract to manufacture, products for which conflict minerals are necessary to the functionality or production of those products (collectively, the “products”). Certain of the products contain materials or components that use metallic forms of tin, tantalum, tungsten, and/or gold (“subject minerals”). For the Reporting Period, the Company reasonably determined that the following product groups contain subject minerals:
Dry cooling systems;
Evaporative and hybrid cooling systems;
Rotating and stationary heat exchangers; pollution control systems;
Boilers;
Heating and ventilation products;
Power transformers;
Spectrum monitoring and signal monitoring systems;
Specialty lighting;
Fare collection systems; and
Portable cable and pipe locators.

The due diligence efforts noted below were undertaken on the products manufactured by us in the Reporting Period.

Reasonable Country of Origin Inquiry

SPX conducted a good faith RCOI regarding the potential inclusion of conflict minerals in the products during the Reporting Period. There is significant overlap between the Company’s RCOI efforts and the due diligence measures performed. Although some of our products contain subject minerals, we typically do not purchase raw materials directly from mines, smelters, or refiners and we are many steps removed in the supply chain from the sources of ore from which these metals are produced and the smelters/refiners that process those ores. Accordingly, we rely on direct suppliers in the supply chain between us and the original sources of raw materials to provide information regarding the origin of any conflict minerals that may be included in the products.

We have taken steps to identify the applicable smelters and refiners of such subject minerals metals in our supply chain. However, as a downstream purchaser of components and materials that contain subject minerals, our RCOI and due diligence measures can provide only reasonable - not absolute - assurance regarding the source and chain of custody of the conflict minerals. The Company’s RCOI and due diligence processes are based on the necessity of seeking data from direct suppliers and those suppliers seeking similar information within their supply chains to identify the original sources of the subject minerals contained in components and materials supplied to us. Another complicating factor is the unavailability of country of origin and chain of custody information from direct suppliers on a continuous, real-time basis. The Company’s available sources of information may yield inaccurate or incomplete information and may be subject to fraud.

The Company began its RCOI by identifying product families and commodities that may contain subject minerals. Using information derived from the Company’s procurement systems, supplemented by information supplied by personnel in the Company’s business units supply chain, SPX identified direct suppliers of components and materials that may contain subject minerals. We requested that each of these identified direct suppliers complete a survey utilizing the Responsible Minerals Initiative (“RMI”) Conflict Minerals Reporting Template (“CMRT”). This survey, among other things, solicited information regarding the location and identity of smelters and refiners. We utilized a database to track survey progress and responses, and from the database we were able to identify direct suppliers that failed to provide the requested information and redistributed surveys to those who did not respond. In addition, we collaborated with our direct suppliers to review responses to the surveys when clarification was warranted.

Using the information collected from the surveys completed by these direct suppliers, we determined the products that contained one or more of the subject minerals. Upon conclusion of the RCOI, the origin of these subject minerals could not be definitively determined. As such, we proceeded to exercise due diligence.


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Due Diligence Framework and Measures

We designed our due diligence framework to materially conform to applicable portions of the [OECD (2016), OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas: Third Edition, OECD Publishing, Paris. http://dx.doi.org/10.1787/9789264252479-en] (“OECD Guidelines”).

In accordance with applicable portions of the OECD Guidance for downstream companies such as the Company, the due diligence measures we performed include, but are not limited to, the following:
Reporting to senior management regarding the structure of our conflict minerals program.
Reporting to senior management on direct suppliers’ responses to our conflict minerals information requests.
Communicating our policy on conflict minerals to direct suppliers.
Communicating the commitments and requirements expected of our direct suppliers, supported by, when appropriate, email and phone dialogues.
Comparing smelters and refiners identified by our direct suppliers to the RMI lists of validated conflict free and verified facilities and conducting independent research.
Including contractual terms and conditions regarding procurement practices that encourage our direct suppliers to purchase raw materials from smelters / refiners which have achieved a compliant designation by the RMI’s Responsible Minerals Assurance Process (“RMAP”) or have an audit program with which RMI has mutual recognition.
Consideration of developing a risk mitigation plan that allows for continued trade with a supplier as appropriate through the supplier’s risk mitigation efforts and evaluating the business relationship with suppliers that do not address the risks.

Due Diligence Results

We utilized the Conflict Minerals Reporting Template included in the RMI to solicit our relevant direct suppliers to gather detailed information regarding the existence of subject minerals in materials or components sold to us, as well as the origin and chain of custody of the subject minerals. To date information received from such direct suppliers was inconclusive in indicating that subject minerals in our supply chain directly or indirectly financed or benefitted armed groups in the Covered Countries; even so, based on the information provided by these suppliers and our own due diligence efforts for the Reporting Period, we do not have sufficient information to conclusively determine the countries of origin or chain of custody of subject minerals in the products. Some suppliers disclosed to us that scrap/recycled sources of subject minerals were identified in their supply chains and did not require due diligence.

Based on the information provided by these suppliers and information available from RMI, SPX believes the smelters and refiners and the countries of origin of subject minerals processed by these smelters and refiners that may have been used to produce subject minerals used in the products include those listed on Annexes A and B.

In addition, based on our due diligence certain potential smelters/refiners listed by our direct suppliers were omitted from this Report because the verification status for the smelter/refiner was inconclusive for a variety of reasons. These reasons include, without limitation, that a direct supplier listed the smelter/refiner for processing a metal the smelter/refiner it is not known to process; that RMI determined the smelter/refiner no longer meets the definition of a smelter or refiner; that RMI determined the company listed as a smelter/refiner does not smelt or refine, or exclusively recycles subject minerals; that RMI has retired the parent or group level smelter/refiner; that RMI determined the smelter/refiner does not meets the definition of a smelter/refiner; or otherwise our due diligence was inconclusive with regard to the entity.

Additional Due Diligence and Risk Mitigation

SPX intends to continue to evaluate its due diligence program, and, in particular, intends to periodically review the criteria used to select suppliers for solicitation. We expect to continue to engage with our direct suppliers so that they more closely comply with SPX’s conflict minerals policy and are able to track the sourcing of conflict minerals with greater precision. To that end, the Company expects to continue outreach efforts among the direct supplier

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base, particularly with respect to direct suppliers that have not previously conducted business with the Company and with respect to direct suppliers that are unable to provide greater transparency as to their own sourcing practices.

Independent Audit Report

Consistent with Rule 13p-1 and the SEC’s April 29, 2014 statement* relating to Rule 13p-1, this Report is not required to be accompanied by an independent private sector audit.













































* Statement on the Effect of the Court of Appeals Decision on the Conflict Minerals Rule, Keith F. Higgins, Director, SEC Division of Corporation Finance, April 29, 2014.

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Annexes

The information in the below tables, Annexes A and B, have been gathered and transmitted through multiple levels of our supply chain, and there is a risk that it is not accurate or current. In most cases, direct suppliers provided smelter and/or refiner information and therefore any country of origin data related to such smelter and/or refiner for their entire supply chain without identifying which smelters and/or refiners may have contributed conflict minerals to components and materials actually supplied to us. Accordingly, we cannot verify that any of the smelters and/or refiners or country of origin data shown in these tables actually were part of our supply chain. The presence of a smelter or refiner in this table does not necessarily mean that conflict minerals processed at that smelter or refiner were used in any components and materials supplied to us or in any SPX Corporation products.


Annex A

Below is a list of the smelters / refiners collected as a result of our due diligence activities:

Subject Mineral
 
Name of Smelter / Refiner†
 
Status*
Gold
 
Abington Reldan Metals, LLC
 
Not Certified
Gold
 
Advanced Chemical Company
 
RMAP
Gold
 
African Gold Refinery
 
Not Certified
Gold
 
Aida Chemical Industries Co., Ltd.
 
RMAP
Gold
 
Al Etihad Gold LLC
 
RMAP
Gold
 
Allgemeine Gold-und Silberscheideanstalt A.G.
 
LBMA, RJC, RMAP
Gold
 
Almalyk Mining and Metallurgical Complex (AMMC)
 
LBMA, RMAP
Gold
 
AngloGold Ashanti Corrego do Sitio Mineracao
 
LBMA, RMAP
Gold
 
Argor-Heraeus S.A.
 
LBMA, RMAP
Gold
 
Asahi Pretec Corp.
 
LBMA, RMAP
Gold
 
Asahi Refining Canada Ltd.
 
LBMA, RMAP
Gold
 
Asahi Refining USA Inc.
 
LBMA, RMAP
Gold
 
Asaka Riken Co., Ltd.
 
RMAP
Gold
 
Atasay Kuyumculuk Sanayi Ve Ticaret A.S.
 
Not Certified
Gold
 
AU Traders and Refiners
 
RJC, RMAP
Gold
 
Aurubis AG
 
LBMA, RMAP
Gold
 
Bangalore Refinery
 
RMAP - Active
Gold
 
Bangko Sentral ng Pilipinas (Central Bank of the Philippines)
 
LBMA, RMAP
Gold
 
Boliden AB
 
LBMA, RMAP
Gold
 
C. Hafner GmbH + Co. KG
 
LBMA, RJC, RMAP
Gold
 
Caridad
 
Not Certified
Gold
 
CCR Refinery - Glencore Canada Corporation
 
LBMA, RMAP
Gold
 
Cendres + Metaux S.A.
 
RMAP
Gold
 
Chimet S.p.A.
 
LBMA, RMAP
Gold
 
Chugai Mining
 
Not Certified
Gold
 
Daejin Indus Co., Ltd.
 
RMAP
Gold
 
Daye Non-Ferrous Metals Mining Ltd.
 
Not Certified
Gold
 
Degussa Sonne / Mond Goldhandel GmbH
 
Not Certified
Gold
 
DODUCO Contacts and Refining GmbH
 
RMAP
Gold
 
Dowa
 
RMAP




Gold
 
DS PRETECH Co., Ltd.
 
RMAP - Active
Gold
 
DSC (Do Sung Corporation)
 
RMAP
Gold
 
Eco-System Recycling Co., Ltd.
 
RMAP
Gold
 
Elemetal Refining, LLC
 
Not Certified
Gold
 
Emirates Gold DMCC
 
LBMA, RMAP
Gold
 
Fidelity Printers and Refiners Ltd.
 
Not Certified
Gold
 
GCC Gujrat Gold Centre Pvt. Ltd.
 
Not Certified
Gold
 
Geib Refining Corporation
 
RMAP
Gold
 
Gold Refinery of Zijin Mining Group Co., Ltd.
 
LBMA, RMAP
Gold
 
Great Wall Precious Metals Co., Ltd. of CBPM
 
Not Certified
Gold
 
Guangdong Jinding Gold Limited
 
Not Certified
Gold
 
Guoda Safina High-Tech Environmental Refinery Co., Ltd.
 
Not Certified
Gold
 
Hangzhou Fuchunjiang Smelting Co., Ltd.
 
Not Certified
Gold
 
HeeSung Metal Ltd.
 
RMAP
Gold
 
Heimerle + Meule GmbH
 
LBMA, RMAP
Gold
 
Heraeus Metals Hong Kong Ltd.
 
LBMA, RJC, RMAP
Gold
 
Heraeus Precious Metals GmbH & Co. KG
 
LBMA, RMAP
Gold
 
Hunan Chenzhou Mining Co., Ltd.
 
Not Certified
Gold
 
HwaSeong CJ CO., LTD.
 
Not Certified
Gold
 
Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.
 
LBMA, RMAP
Gold
 
Ishifuku Metal Industry Co., Ltd.
 
LBMA, RMAP
Gold
 
Istanbul Gold Refinery
 
LBMA, RMAP
Gold
 
Italpreziosi
 
RJC, RMAP
Gold
 
Japan Mint
 
LBMA, RMAP
Gold
 
Jiangxi Copper Co., Ltd.
 
LBMA, RMAP
Gold
 
JSC Ekaterinburg Non-Ferrous Metal Processing Plant
 
LBMA, RMAP
Gold
 
JSC Uralelectromed
 
LBMA, RMAP
Gold
 
JX Nippon Mining & Metals Co., Ltd.
 
LBMA, RMAP
Gold
 
Kaloti Precious Metals
 
Not Certified
Gold
 
Kazakhmys Smelting LLC
 
Not Certified
Gold
 
Kazzinc
 
LBMA, RMAP
Gold
 
Kennecott Utah Copper LLC
 
LBMA, RMAP
Gold
 
KGHM Polska Miedz Spolka Akcyjna
 
RMAP - Active
Gold
 
Kojima Chemicals Co., Ltd.
 
RMAP
Gold
 
Korea Zinc Co., Ltd.
 
RMAP
Gold
 
Kyrgyzaltyn JSC
 
LBMA, RMAP
Gold
 
Kyshtym Copper-Electrolytic Plant ZAO
 
Not Certified
Gold
 
L'azurde Company For Jewelry
 
Not Certified
Gold
 
Lingbao Gold Co., Ltd.
 
Not Certified
Gold
 
Lingbao Jinyuan Tonghui Refinery Co., Ltd.
 
Not Certified
Gold
 
L'Orfebre S.A.
 
RMAP - Active
Gold
 
LS-NIKKO Copper Inc.
 
LBMA, RMAP
Gold
 
Luoyang Zijin Yinhui Gold Refinery Co., Ltd.
 
Not Certified
Gold
 
Marsam Metals
 
RMAP
Gold
 
Materion
 
RMAP
Gold
 
Matsuda Sangyo Co., Ltd.
 
LBMA, RMAP

A-2


Gold
 
Metalor Technologies (Hong Kong) Ltd.
 
LBMA, RJC, RMAP
Gold
 
Metalor Technologies (Singapore) Pte., Ltd.
 
LBMA, RJC, RMAP
Gold
 
Metalor Technologies (Suzhou) Ltd.
 
RJC, RMAP
Gold
 
Metalor Technologies S.A.
 
LBMA, RJC, RMAP
Gold
 
Metalor USA Refining Corporation
 
LBMA, RJC, RMAP
Gold
 
Metalurgica Met-Mex Penoles S.A. De C.V.
 
LBMA, RMAP
Gold
 
Mitsubishi Materials Corporation
 
LBMA, RMAP
Gold
 
Mitsui Mining and Smelting Co., Ltd.
 
LBMA, RMAP
Gold
 
MMTC-PAMP India Pvt., Ltd.
 
LBMA, RMAP
Gold
 
Modeltech Sdn Bhd
 
RMAP - Active
Gold
 
Morris and Watson
 
Not Certified
Gold
 
Morris and Watson Gold Coast
 
Not Certified
Gold
 
Moscow Special Alloys Processing Plant
 
LBMA, RMAP
Gold
 
Nadir Metal Rafineri San. Ve Tic. A.S.
 
LBMA, RMAP
Gold
 
Navoi Mining and Metallurgical Combinat
 
Not Certified
Gold
 
NH Recytech Company
 
RMAP - Active
Gold
 
Nihon Material Co., Ltd.
 
LBMA, RMAP
Gold
 
Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH
 
RJC, RMAP
Gold
 
Ohura Precious Metal Industry Co., Ltd.
 
RMAP
Gold
 
OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet)
 
LBMA, RMAP
Gold
 
OJSC Novosibirsk Refinery
 
LBMA, RMAP
Gold
 
PAMP S.A.
 
LBMA, RMAP
Gold
 
Pease & Curren
 
Not Certified
Gold
 
Penglai Penggang Gold Industry Co., Ltd.
 
Not Certified
Gold
 
Planta Recuperadora de Metales SpA
 
RMAP
Gold
 
Prioksky Plant of Non-Ferrous Metals
 
LBMA, RMAP
Gold
 
PT Aneka Tambang (Persero) Tbk
 
LBMA, RMAP
Gold
 
PX Precinox S.A.
 
LBMA, RMAP
Gold
 
Rand Refinery (Pty) Ltd.
 
LBMA, RMAP
Gold
 
Refinery of Seemine Gold Co., Ltd.
 
Not Certified
Gold
 
Remondis Argentia B.V.
 
RMAP - Active
Gold
 
Republic Metals Corporation
 
LBMA, RMAP
Gold
 
Royal Canadian Mint
 
LBMA, RMAP
Gold
 
SAAMP
 
RJC, RMAP
Gold
 
Sabin Metal Corp.
 
Not Certified
Gold
 
Safimet S.p.A
 
RMAP
Gold
 
SAFINA A.S.
 
RMAP - Active
Gold
 
Sai Refinery
 
Not Certified
Gold
 
Samduck Precious Metals
 
RMAP
Gold
 
SAMWON METALS Corp.
 
Not Certified
Gold
 
SAXONIA Edelmetalle GmbH
 
RMAP
Gold
 
Schone Edelmetaal B.V.
 
LBMA, RMAP
Gold
 
SEMPSA Joyeria Plateria S.A.
 
LBMA, RMAP
Gold
 
Shandong Tiancheng Biological Gold Industrial Co., Ltd.
 
Not Certified
Gold
 
Shandong Zhaojin Gold & Silver Refinery Co., Ltd.
 
LBMA, RMAP

A-3


Gold
 
Sichuan Tianze Precious Metals Co., Ltd.
 
LBMA, RMAP
Gold
 
Singway Technology Co., Ltd.
 
RMAP
Gold
 
So Accurate Group, Inc.
 
Not Certified
Gold
 
SOE Shyolkovsky Factory of Secondary Precious Metals
 
LBMA, RMAP
Gold
 
Solar Applied Materials Technology Corp.
 
LBMA, RMAP
Gold
 
State Research Institute Center for Physical Sciences and Technology
 
Not Certified
Gold
 
Sudan Gold Refinery
 
Not Certified
Gold
 
Sumitomo Metal Mining Co., Ltd.
 
LBMA, RMAP
Gold
 
SungEel HiMetal Co., Ltd.
 
RMAP
Gold
 
T.C.A S.p.A
 
LBMA, RMAP
Gold
 
Tanaka Kikinzoku Kogyo K.K.
 
LBMA, RMAP
Gold
 
The Refinery of Shandong Gold Mining Co., Ltd.
 
LBMA, RMAP
Gold
 
Tokuriki Honten Co., Ltd.
 
LBMA, RMAP
Gold
 
Tongling Nonferrous Metals Group Co., Ltd.
 
Not Certified
Gold
 
Tony Goetz NV
 
Not Certified
Gold
 
TOO Tau-Ken-Altyn
 
Not Certified
Gold
 
Torecom
 
RMAP
Gold
 
Umicore Brasil Ltda.
 
LBMA, RMAP
Gold
 
Umicore Precious Metals Thailand
 
RJC, RMAP
Gold
 
Umicore S.A. Business Unit Precious Metals Refining
 
LBMA, RMAP
Gold
 
United Precious Metal Refining, Inc.
 
RMAP
Gold
 
Universal Precious Metals Refining Zambia
 
Not Certified
Gold
 
Valcambi S.A.
 
LBMA, RJC, RMAP
Gold
 
Western Australian Mint (T/a The Perth Mint)
 
LBMA, RMAP
Gold
 
WIELAND Edelmetalle GmbH
 
RMAP
Gold
 
Yamakin Co., Ltd.
 
RMAP
Gold
 
Yokohama Metal Co., Ltd.
 
RMAP
Gold
 
Yunnan Copper Industry Co., Ltd.
 
Not Certified
Gold
 
Zhongyuan Gold Smelter of Zhongjin Gold Corporation
 
LBMA, RMAP
Tantalum
 
Asaka Riken Co., Ltd.
 
RMAP
Tantalum
 
Changsha South Tantalum Niobium Co., Ltd.
 
RMAP
Tantalum
 
D Block Metals, LLC
 
RMAP
Tantalum
 
Duoluoshan
 
Not Certified
Tantalum
 
Exotech Inc.
 
RMAP
Tantalum
 
F&X Electro-Materials Ltd.
 
RMAP
Tantalum
 
FIR Metals & Resource Ltd.
 
RMAP
Tantalum
 
Global Advanced Metals Aizu
 
RMAP
Tantalum
 
Global Advanced Metals Boyertown
 
RMAP
Tantalum
 
Guangdong Rising Rare Metals-EO Materials Ltd.
 
RMAP
Tantalum
 
Guangdong Zhiyuan New Material Co., Ltd.
 
RMAP
Tantalum
 
H.C. Starck Co., Ltd.
 
RMAP
Tantalum
 
H.C. Starck Hermsdorf GmbH
 
RMAP
Tantalum
 
H.C. Starck Inc.
 
RMAP
Tantalum
 
H.C. Starck Ltd.
 
RMAP
Tantalum
 
H.C. Starck Smelting GmbH & Co. KG
 
RMAP
Tantalum
 
H.C. Starck Tantalum and Niobium GmbH
 
RMAP

A-4


Tantalum
 
Hengyang King Xing Lifeng New Materials Co., Ltd.
 
RMAP
Tantalum
 
Jiangxi Dinghai Tantalum & Niobium Co., Ltd.
 
RMAP
Tantalum
 
Jiangxi Tuohong New Raw Material
 
RMAP
Tantalum
 
Jiujiang Janny New Material Co., Ltd.
 
RMAP
Tantalum
 
JiuJiang JinXin Nonferrous Metals Co., Ltd.
 
RMAP
Tantalum
 
Jiujiang Nonferrous Metals Smelting Company Limited
 
RMAP
Tantalum
 
Jiujiang Zhongao Tantalum & Niobium Co., Ltd.
 
RMAP
Tantalum
 
KEMET Blue Metals
 
RMAP
Tantalum
 
Kemet Blue Powder
 
RMAP
Tantalum
 
LSM Brasil S.A.
 
RMAP
Tantalum
 
Metallurgical Products India Pvt., Ltd.
 
RMAP
Tantalum
 
Mineracao Taboca S.A.
 
RMAP
Tantalum
 
Mitsui Mining and Smelting Co., Ltd.
 
RMAP
Tantalum
 
Ningxia Orient Tantalum Industry Co., Ltd.
 
RMAP
Tantalum
 
NPM Silmet AS
 
RMAP
Tantalum
 
Power Resources Ltd.
 
RMAP
Tantalum
 
QuantumClean
 
RMAP
Tantalum
 
Resind Industria e Comercio Ltda.
 
RMAP
Tantalum
 
RFH Tantalum Smeltery Co., Ltd./Yanling Jincheng Tantalum & Niobium Co., Ltd.
 
RMAP
Tantalum
 
Solikamsk Magnesium Works OAO
 
RMAP
Tantalum
 
Taki Chemical Co., Ltd.
 
RMAP
Tantalum
 
Telex Metals
 
RMAP
Tantalum
 
Ulba Metallurgical Plant JSC
 
RMAP
Tantalum
 
XinXing Haorong Electronic Material Co., Ltd.
 
RMAP
Tantalum
 
Yichun Jin Yang Rare Metal Co., Ltd.
 
RMAP
Tin
 
Gejiu Zili Mining And Metallurgy Co., Ltd.
 
Not Certified
Tin
 
Guangdong Hanhe Non-Ferrous Metal Co., Ltd.
 
RMAP
Tin
 
Guanyang Guida Nonferrous Metal Smelting Plant
 
RMAP
Tin
 
HuiChang Hill Tin Industry Co., Ltd.
 
RMAP
Tin
 
Huichang Jinshunda Tin Co., Ltd.
 
RMAP
Tin
 
Jiangxi Ketai Advanced Material Co., Ltd.
 
RMAP
Tin
 
Jiangxi New Nanshan Technology Ltd.
 
RMAP
Tin
 
Magnu's Minerais Metais e Ligas Ltda.
 
RMAP
Tin
 
Malaysia Smelting Corporation (MSC)
 
RMAP
Tin
 
Melt Metais e Ligas S.A.
 
RMAP
Tin
 
Metallic Resources, Inc.
 
RMAP
Tin
 
Metallo Belgium N.V.
 
RMAP
Tin
 
Metallo Spain S.L.U.
 
RMAP
Tin
 
Mineracao Taboca S.A.
 
RMAP
Tin
 
Minsur
 
RMAP
Tin
 
Mitsubishi Materials Corporation
 
RMAP
Tin
 
Modeltech Sdn Bhd
 
RMAP - Active
Tin
 
Nghe Tinh Non-Ferrous Metals Joint Stock Company
 
Not Certified
Tin
 
O.M. Manufacturing (Thailand) Co., Ltd.
 
RMAP
Tin
 
O.M. Manufacturing Philippines, Inc.
 
RMAP

A-5


Tin
 
Operaciones Metalurgical S.A.
 
RMAP
Tin
 
Pongpipat Company Limited
 
Not Certified
Tin
 
PT Aries Kencana Sejahtera
 
RMAP
Tin
 
PT Artha Cipta Langgeng
 
RMAP
Tin
 
PT ATD Makmur Mandiri Jaya
 
RMAP
Tin
 
PT Babel Inti Perkasa
 
RMAP
Tin
 
PT Babel Surya Alam Lestari
 
RMAP - Active
Tin
 
PT Bangka Prima Tin
 
RMAP
Tin
 
PT Bangka Serumpun
 
RMAP
Tin
 
PT Bangka Tin Industry
 
RMAP
Tin
 
PT Belitung Industri Sejahtera
 
RMAP
Tin
 
PT Bukit Timah
 
RMAP
Tin
 
PT DS Jaya Abadi
 
RMAP
Tin
 
PT Eunindo Usaha Mandiri
 
RMAP
Tin
 
PT Inti Stania Prima
 
RMAP
Tin
 
PT Karimun Mining
 
RMAP
Tin
 
PT Kijang Jaya Mandiri
 
RMAP
Tin
 
PT Lautan Harmonis Sejahtera
 
RMAP
Tin
 
PT Menara Cipta Mulia
 
RMAP
Tin
 
PT Mitra Stania Prima
 
RMAP
Tin
 
PT Panca Mega Persada
 
RMAP
Tin
 
PT Premium Tin Indonesia
 
RMAP
Tin
 
PT Prima Timah Utama
 
RMAP
Tin
 
PT Refined Bangka Tin
 
RMAP
Tin
 
PT Sariwiguna Binasentosa
 
RMAP
Tin
 
PT Stanindo Inti Perkasa
 
RMAP
Tin
 
PT Sukses Inti Makmur
 
RMAP
Tin
 
PT Sumber Jaya Indah
 
RMAP
Tin
 
PT Timah (Persero) Tbk Kundur
 
RMAP
Tin
 
PT Timah (Persero) Tbk Mentok
 
RMAP
Tin
 
PT Tinindo Inter Nusa
 
RMAP
Tin
 
PT Tommy Utama
 
RMAP
Tin
 
Resind Industria e Comercio Ltda.
 
RMAP
Tin
 
Rui Da Hung
 
RMAP
Tin
 
Soft Metais Ltda.
 
RMAP
Tin
 
Super Ligas
 
Not Certified
Tin
 
Thaisarco
 
RMAP
Tin
 
Tuyen Quang Non-Ferrous Metals Joint Stock Company
 
Not Certified
Tin
 
White Solder Metalurgia e Mineracao Ltda.
 
RMAP
Tin
 
Yunnan Chengfeng Non-ferrous Metals Co., Ltd.
 
RMAP
Tin
 
Yunnan Tin Company Limited
 
RMAP
Tungsten
 
A.L.M.T. TUNGSTEN Corp.
 
RMAP
Tungsten
 
ACL Metais Eireli
 
RMAP
Tungsten
 
Asia Tungsten Products Vietnam Ltd.
 
RMAP
Tungsten
 
Chenzhou Diamond Tungsten Products Co., Ltd.
 
RMAP
Tungsten
 
Chongyi Zhangyuan Tungsten Co., Ltd.
 
RMAP

A-6


Tungsten
 
Fujian Jinxin Tungsten Co., Ltd.
 
RMAP
Tungsten
 
Ganzhou Haichuang Tungsten Industry Co., Ltd.
 
RMAP - Active
Tungsten
 
Ganzhou Huaxing Tungsten Products Co., Ltd.
 
RMAP
Tungsten
 
Ganzhou Jiangwu Ferrotungsten Co., Ltd.
 
RMAP
Tungsten
 
Ganzhou Seadragon W & Mo Co., Ltd.
 
RMAP
Tungsten
 
Ganzhou Yatai Tungsten Co., Ltd.
 
Not Certified
Tungsten
 
Global Tungsten & Powders Corp.
 
RMAP
Tungsten
 
Guangdong Xianglu Tungsten Co., Ltd.
 
RMAP
Tungsten
 
H.C. Starck Smelting GmbH & Co. KG
 
RMAP
Tungsten
 
H.C. Starck Tungsten GmbH
 
RMAP
Tungsten
 
Hunan Chenzhou Mining Co., Ltd.
 
RMAP
Tungsten
 
Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji
 
RMAP
Tungsten
 
Hunan Chunchang Nonferrous Metals Co., Ltd.
 
RMAP
Tungsten
 
Hunan Litian Tungsten Industry Co., Ltd.
 
Not Certified
Tungsten
 
Hydrometallurg, JSC
 
RMAP
Tungsten
 
Japan New Metals Co., Ltd.
 
RMAP
Tungsten
 
Jiangwu H.C. Starck Tungsten Products Co., Ltd.
 
RMAP
Tungsten
 
Jiangxi Dayu Longxintai Tungsten Co., Ltd.
 
Not Certified
Tungsten
 
Jiangxi Gan Bei Tungsten Co., Ltd.
 
RMAP
Tungsten
 
Jiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd.
 
Not Certified
Tungsten
 
Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.
 
RMAP
Tungsten
 
Jiangxi Xinsheng Tungsten Industry Co., Ltd.
 
RMAP
Tungsten
 
Jiangxi Xiushui Xianggan Nonferrous Metals Co., Ltd.
 
RMAP
Tungsten
 
Jiangxi Yaosheng Tungsten Co., Ltd.
 
RMAP
Tungsten
 
Kennametal Fallon
 
RMAP
Tungsten
 
Kennametal Huntsville
 
RMAP
Tungsten
 
Malipo Haiyu Tungsten Co., Ltd.
 
RMAP
Tungsten
 
Moliren Ltd.
 
RMAP
Tungsten
 
Niagara Refining LLC
 
RMAP
Tungsten
 
Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC
 
RMAP
Tungsten
 
Philippine Chuangxin Industrial Co., Inc.
 
RMAP
Tungsten
 
South-East Nonferrous Metal Company Limited of Hengyang City
 
RMAP
Tungsten
 
Tejing (Vietnam) Tungsten Co., Ltd.
 
RMAP
Tungsten
 
Unecha Refractory Metals Plant
 
RMAP
Tungsten
 
Vietnam Youngsun Tungsten Industry Co., Ltd.
 
RMAP
Tungsten
 
Wolfram Bergbau und Hutten AG
 
RMAP
Tungsten
 
Woltech Korea Co., Ltd.
 
RMAP
Tungsten
 
Xiamen Tungsten (H.C.) Co., Ltd.
 
RMAP
Tungsten
 
Xiamen Tungsten Co., Ltd.
 
RMAP
Tungsten
 
Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd.
 
RMAP
Tungsten
 
Xinhai Rendan Shaoguan Tungsten Co., Ltd.
 
RMAP

† Smelter or refiner names as reported by Responsible Minerals Initiative as of April 1, 2018.

* Status defined as follows:
1.
Responsible Minerals Assurance Process: Responsible Minerals Initiative

A-7


RMAP: Smelter/refiner has an active certification or is in the process of renewing certification.
RMAP-Active: Smelter/refiner is actively moving through certification process.
TICMC-Progressing: Tungsten smelters/refiners that have committed to obtain a RMAP certification within two years of membership with the Tungsten Industry-Conflict Minerals Committee.
2.
Responsible Gold Certificate: London Bullion Market Association
LBMA: Smelter/refiner has obtained a Responsible Gold Certification.
3.
Chain of Custody Certificate: Responsible Jewelry Council
RJC: Smelter/refiner has obtained a Chain-of-Custody Certification.


Annex B

Below is a list of the mineral country of origin information collected as a result of our due diligence activities:

Gold
 
Tantalum
 
Tin
 
Tungsten
Argentina
 
Angola
 
Angola
 
Angola
Armenia
 
Argentina
 
Argentina
 
Argentina
Australia
 
Australia
 
Armenia
 
Australia
Austria
 
Austria
 
Australia
 
Austria
Belgium
 
Belarus
 
Austria
 
Belgium
Bermuda
 
Belgium
 
Belgium
 
Bolivia
Bolivia
 
Bolivia
 
Bolivia
 
Brazil
Brazil
 
Brazil
 
Brazil
 
Burundi
Burundi
 
Burundi
 
Burundi
 
Cambodia
Cambodia
 
Cambodia
 
Cambodia
 
Canada
Canada
 
Canada
 
Canada
 
Central African Republic
Chile
 
Central African Republic
 
Central African Republic
 
Chile
China
 
Chile
 
Chile
 
China
Colombia
 
China
 
China
 
Colombia
Congo (Brazzaville)
 
Colombia
 
Colombia
 
Congo (Brazzaville)
Czech Republic
 
Congo (Brazzaville)
 
Congo (Brazzaville)
 
Czech Republic
Djibouti
 
Czech Republic
 
Czech Republic
 
Djibouti
DRC- Congo (Kinshasa)
 
Djibouti
 
Djibouti
 
DRC- Congo (Kinshasa)
Ecuador
 
DRC- Congo (Kinshasa)
 
DRC- Congo (Kinshasa)
 
Ecuador
Egypt
 
Ecuador
 
Ecuador
 
Egypt
Estonia
 
Egypt
 
Egypt
 
Estonia
Ethiopia
 
Estonia
 
Estonia
 
Ethiopia
Finland
 
Ethiopia
 
Ethiopia
 
France
France
 
France
 
France
 
Germany
Germany
 
Germany
 
Germany
 
Guinea
Ghana
 
Ghana
 
Guyana
 
Guyana
Guinea
 
Guinea
 
Hong Kong
 
Hungary
Guyana
 
Guyana
 
Hungary
 
India
Hong Kong
 
Hungary
 
India
 
Indonesia
Hungary
 
India
 
Indonesia
 
Ireland
India
 
Indonesia
 
Ireland
 
Israel
Indonesia
 
Ireland
 
Israel
 
Ivory Coast

A-8


Ireland
 
Israel
 
Ivory Coast
 
Japan
Israel
 
Italy
 
Japan
 
Kazakhstan
Italy
 
Ivory Coast
 
Jersey
 
Korea, Republic of
Ivory Coast
 
Japan
 
Kazakhstan
 
Laos
Japan
 
Jersey
 
Kenya
 
Luxembourg
Jersey
 
Kazakhstan
 
Korea, Republic of
 
Madagascar
Kazakhstan
 
Kenya
 
Kyrgyzstan
 
Malaysia
Korea, Republic of
 
Korea, Republic of
 
Laos
 
Mexico
Kyrgyzstan
 
Laos
 
Luxembourg
 
Mongolia
Laos
 
Luxembourg
 
Madagascar
 
Mozambique
Luxembourg
 
Madagascar
 
Malaysia
 
Myanmar
Madagascar
 
Malaysia
 
Mexico
 
Namibia
Malaysia
 
Mali
 
Mongolia
 
Netherlands
Mali
 
Mexico
 
Morocco
 
Niger
Mexico
 
Mongolia
 
Mozambique
 
Nigeria
Mongolia
 
Mozambique
 
Myanmar
 
Papua New Guinea
Mozambique
 
Myanmar
 
Namibia
 
Peru
Myanmar
 
Namibia
 
Netherlands
 
Philippines
Namibia
 
Netherlands
 
Niger
 
Portugal
Netherlands
 
Niger
 
Nigeria
 
Russian Federation
New Zealand
 
Nigeria
 
Papua New Guinea
 
Rwanda
Niger
 
Peru
 
Peru
 
Sierra Leone
Nigeria
 
Philippines
 
Philippines
 
Singapore
Papua New Guinea
 
Poland
 
Poland
 
Slovakia
Peru
 
Portugal
 
Portugal
 
South Africa
Philippines
 
Russian Federation
 
Russian Federation
 
South Sudan
Poland
 
Rwanda
 
Rwanda
 
Spain
Portugal
 
Sierra Leone
 
Sierra Leone
 
Suriname
Russian Federation
 
Singapore
 
Singapore
 
Switzerland
Rwanda
 
Slovakia
 
Slovakia
 
Taiwan
Saudi Arabia
 
South Africa
 
South Africa
 
Tanzania
Sierra Leone
 
South Sudan
 
South Sudan
 
Thailand
Singapore
 
Spain
 
Spain
 
Uganda
Slovakia
 
Suriname
 
Suriname
 
United Kingdom
South Africa
 
Switzerland
 
Sweden
 
United States
Spain
 
Taiwan
 
Switzerland
 
Viet Nam
Suriname
 
Tanzania
 
Taiwan
 
Zambia
Sweden
 
Thailand
 
Tanzania
 
Zimbabwe
Switzerland
 
Uganda
 
Thailand
 
 
Taiwan
 
United Kingdom
 
Turkey
 
 
Tajikistan
 
United States
 
Uganda
 
 
Tanzania
 
Viet Nam
 
United Kingdom
 
 
Thailand
 
Zambia
 
United States
 
 
Turkey
 
Zimbabwe
 
Uzbekistan
 
 
United Arab Emirates
 
 
 
Viet Nam
 
 
United Kingdom
 
 
 
Zambia
 
 

A-9


United States
 
 
 
Zimbabwe
 
 
Uzbekistan
 
 
 
 
 
 
Viet Nam
 
 
 
 
 
 
Zambia
 
 
 
 
 
 
Zimbabwe
 
 
 
 
 
 



A-10