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 1-6948 38-1016240
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

 

6325 Ardrey Kell Road, Suite 400, 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:

 

x Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2021.

 

 

 

 

 

 

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, 2021 to December 31, 2021 (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, which we collectively refer to as 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  SPX Corporation Conflict Minerals Report for reporting period January 1, 2021 to December 31, 2021

 

 2 

 

 

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 27, 2022
John W. Nurkin
Vice President, General Counsel and Secretary

 

 3 

 

Exhibit 1.01

 

SPX Corporation

Conflict Minerals Report

Reporting Period: January 1, 2021 – December 31, 2021

 

This Conflict Minerals Report (this “Report”) of SPX Corporation (“SPX,” “Company,” “we,” “us,” or “our”) for the reporting period from January 1, 2021 to December 31, 2021 (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, 2021 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

 

SPX Corporation is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Corporation had more than $1.2 billion in revenue in the year ended December 31, 2021 and approximately 3,100 employees in 15 countries.

 

 1 

 

 

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 and water heaters;
·Heating and ventilation products;
·Industrial refrigeration products;
·Spectrum monitoring and signal monitoring systems;
·Obstruction lighting;
·Fare collection systems;
·Portable cable and pipe locators; and
·Pipeline inspection and rehabilitation equipment.
·Ground penetrating radar products and robotics used in underground utilities

 

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 engaged Source Intelligence, a third-party consultant with expertise in supplier engagement, to assist the Company in its RCOI.

 

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.

 

 2 

 

 

Direct suppliers were provided information by the Company describing its Conflict Minerals Compliance Program (the “CMCP”) requirements and identifying Source Intelligence as the Company’s third-party consultant assisting in the process. The third-party consultant sent direct suppliers additional information with respect to the CMCP, including an educational tool to facilitate a deeper understanding of the program and why information was being requested. We requested that each of these identified direct suppliers complete a survey utilizing the Conflict-Free Sourcing Initiative’s Conflict Minerals Reporting Template (“CMRT”). Suppliers were offered two options to submit the required information, either by uploading the CMRT in Microsoft Excel format or by completing an online survey version of this template directly in the third-party consultant’s platform. This survey, among other things, solicited information regarding the location and identity of smelters and refiners. Suppliers that did not promptly complete a survey were contacted in accordance with an escalating protocol by our third-party consultant and, if still not responding, by us in efforts to get all direct suppliers to complete the survey.

 

Suppliers were asked to provide information regarding the sourcing of their materials with the ultimate goal of identifying the smelters or refiners of the conflict minerals and associated mine countries of origin. Suppliers who had already performed a RCOI through the use of the CMRT were asked to upload this document into the third-party consultant’s platform or to provide this information in the online survey version. Where a supplier was unable to provide a CMRT, the third-party consultant requested information on its suppliers of products or components which may require conflict minerals for their production or functionality. These Tier 2 suppliers, and subsequent tiers of suppliers as needed, were then engaged following the contact procedures explained above. When contact information was provided, Tier 2 and beyond suppliers were contacted via email in order to build a chain-of-custody back to the smelter or refiner. Suppliers were given the ability to share information at a level with which they were most comfortable, i.e. company, product or user-defined, but the declaration scope was required to be specified.

 

Supplier responses were evaluated for plausibility, consistency, and gaps. If any of the following “quality control” flags were raised, suppliers were contacted and requested to provide clarification:

 

One or more smelter or refiners (“SORs”) were listed for an unused metal;

 

SOR information was not provided for a used metal, or SOR information provided was not a verified metal processor;

 

Supplier answered “yes” to sourcing from the Democratic Republic of the Congo or adjoining countries, but none of the SORs listed are known to source from the region;

 

Supplier indicated that they have not received conflict minerals data for each metal from all relevant suppliers;

 

Supplier indicated they have not identified all of the SORs used for the products included in the declaration scope;

 

Supplier indicated they have not provided all applicable SOR information received; and

 

Supplier indicated 100% of the conflict minerals for products covered by the declaration originates from scrap/recycled sources, but one or more SORs listed are not known to be exclusive recyclers.

 

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.

 

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.

 

 3 

 

 

·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 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 Responsible Minerals Assurance Process (“RMAP”) of the Responsible Minerals Initiative (the “RMI”) 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 CMRT 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. We compared the list of SORs identified to us by suppliers with those included in lists of validated conflict free and verified facilities: the RMAP, the London Bullion Market Association Good Delivery Program and the Responsible Jewellery Council Chain-of-Custody Certification. If the SOR is not certified by these internationally-recognized schemes, the thitd-party consultant attempted to contact the SOR to gain more information about their sourcing practices, including countries of origin and transfer, and whether there are any internal due diligence procedures in place or other processes the SORs takes to track the chain-of-custody on the source of its mineral ores. Relevant information includes: whether the SOR has a documented, effective and communicated conflict-free policy, an accounting system to support a mass balance of materials processed, and traceability documentation. Internet research was also performed to determine whether there are any outside sources of information regarding the SOR’s sourcing practices.

 

To date information received from 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 and the other sources identified above, 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.

 

 4 

 

 

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 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.

 

 5 

 

 

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.

 

 6 

 

 

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   8853 S.p.A.   RMAP
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 Refinery DMCC   RMAP
Gold   Alexy Metals   RMAP-Active
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   Not certified
Gold   Augmont Enterprises Private Limited   RMAP-Active
Gold   Aurubis AG   LBMA, RMAP
Gold   Bangalore Refinery   RMAP
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   C.I Metales Procesados Industriales SAS   RMAP-Active
Gold   Caridad   Not certified
Gold   CCR Refinery - Glencore Canada Corporation   LBMA, RMAP
Gold   Cendres + Metaux S.A.   RMAP
Gold   CGR Metalloys Pvt Ltd.   Not certified
Gold   Chimet S.p.A.   LBMA, RMAP
Gold   Chugai Mining   RMAP
Gold   Daye Non-Ferrous Metals Mining Ltd.   LBMA
Gold   Degussa Sonne / Mond Goldhandel GmbH   Not certified
Gold   Dijllah Gold Refinery FZC   Not certified
Gold   DODUCO Contacts and Refining GmbH   RMAP
Gold   Dowa   RMAP

 

 A-1 

 

 

Subject
Mineral

 

Name of Smelter/Refiner†

 

Status*

Gold   DSC (Do Sung Corporation)   RMAP
Gold   Eco-System Recycling Co., Ltd. East Plant   RMAP
Gold   Eco-System Recycling Co., Ltd. North Plant   RMAP
Gold   Eco-System Recycling Co., Ltd. West Plant   RMAP
Gold   Emerald Jewel Industry India Limited (Unit 1)   Not Certified
Gold   Emerald Jewel Industry India Limited (Unit 2)   Not Certified
Gold   Emerald Jewel Industry India Limited (Unit 3)   Not Certified
Gold   Emerald Jewel Industry India Limited (Unit 4)   Not Certified
Gold   Emirates Gold DMCC   RMAP
Gold   Fidelity Printers and Refiners Ltd.   Not certified
Gold   Fujairah Gold FZC   Not certified
Gold   GCC Gujrat Gold Centre Pvt. Ltd.   RMAP-Active
Gold   Geib Refining Corporation   RMAP
Gold   Gold Coast Refinery   Not certified
Gold   Gold Refinery of Zijin Mining Group Co., Ltd.   LBMA, RMAP
Gold   Great Wall Precious Metals Co., Ltd. of CBPM   LBMA
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   Heimerle + Meule GmbH   LBMA, RMAP
Gold   Heraeus Metals Hong Kong Ltd.   LBMA, RJC, RMAP
Gold   Heraeus Precious Metals GmbH & Co. KG   RMAP
Gold   Hunan Chenzhou Mining Co., Ltd.   Not certified
Gold   Hunan Guiyang yinxing Nonferrous Smelting Co., Ltd.   Not certified
Gold   HwaSeong CJ CO., LTD.   Not certified
Gold   Industrial Refining Company   Not certified
Gold   Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.   LBMA, RMAP
Gold   International Precious Metal Refiners   Not certified
Gold   Ishifuku Metal Industry Co., Ltd.   LBMA, RMAP
Gold   Istanbul Gold Refinery   LBMA, RMAP
Gold   Italpreziosi   RJC, RMAP
Gold   JALAN & Company   Not certified
Gold   Japan Mint   LBMA, RMAP
Gold   Jiangxi Copper Co., Ltd.   LBMA, RMAP
Gold   JSC Ekaterinburg Non-Ferrous Metal Processing Plant   Not certified
Gold   JSC Uralelectromed   Not certified
Gold   JX Nippon Mining & Metals Co., Ltd.   LBMA, RMAP
Gold   K.A. Rasmussen   Not certified
Gold   Kaloti Precious Metals   Not certified

 

 A-2 

 

 

Subject
Mineral

 

Name of Smelter/Refiner†

 

Status*

Gold   Kazakhmys Smelting LLC   Not certified
Gold   Kazzinc   LBMA, RMAP
Gold   Kennecott Utah Copper LLC   LBMA, RMAP
Gold   KGHM Polska Miedz Spolka Akcyjna   RMAP
Gold   Kojima Chemicals Co., Ltd.   RMAP
Gold   Korea Zinc Co., Ltd.   RMAP
Gold   Kundan Care Products Ltd.   Not certified
Gold   Kyrgyzaltyn JSC   Not certified
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
Gold   LS-NIKKO Copper Inc.   LBMA, RMAP
Gold   LT Metal Ltd.   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
Gold   MD Overseas   Not certified
Gold   Metal Concentrators SA (Pty) Ltd.   RMAP
Gold   Metallix Refining Inc.   Not certified
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   Not certified
Gold   Morris and Watson   Not certified
Gold   Moscow Special Alloys Processing Plant   Not certified
Gold   Nadir Metal Rafineri San. Ve Tic. A.S.   LBMA, RMAP
Gold   Navoi Mining and Metallurgical Combinat   RMAP
Gold   NH Recytech Company   RMAP
Gold   Nihon Material Co., Ltd.   LBMA, RMAP
Gold   Ogussa Osterreichische Gold- und Silber-Scheideanstalt GmbH   RJC, RMAP

 

 A-3 

 

 

Subject
Mineral

 

Name of Smelter/Refiner†

 

Status*

Gold   Ohura Precious Metal Industry Co., Ltd.   RMAP
Gold   OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet)   Not certified
Gold   OJSC Novosibirsk Refinery   Not certified
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   Not certified
Gold   PT Aneka Tambang (Persero) Tbk   LBMA, RMAP
Gold   PX Precinox S.A.   LBMA, RMAP
Gold   QG Refining, LLC   Not certified
Gold   Rand Refinery (Pty) Ltd.   LBMA, RMAP
Gold   Refinery of Seemine Gold Co., Ltd.   Not certified
Gold   REMONDIS PMR B.V.   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
Gold   Sai Refinery   Not certified
Gold   Samduck Precious Metals   RMAP
Gold   SAMWON METALS Corp.   Not certified
Gold   Sancus ZFA (L’Orfebre, SA)   RMAP-Active
Gold   SAXONIA Edelmetalle GmbH   RMAP-Active
Gold   Sellem Industries Ltd.   Not certified
Gold   SEMPSA Joyeria Plateria S.A.   LBMA, RMAP
Gold   Shandong Gold Smelting Co., Ltd.   LBMA, RMAP
Gold   Shandong Humon Smelting Co., Ltd.   Not certified
Gold   Shandong Tiancheng Biological Gold Industrial Co., Ltd.   Not certified
Gold   Shandong Zhaojin Gold & Silver Refinery Co., Ltd.   LBMA, RMAP
Gold   Shenzhen Zhonghenglong Real Industry Co., Ltd.   Not certified
Gold   Shirpur Gold Refinery Ltd.   Not certified
Gold   Sichuan Tianze Precious Metals Co., Ltd.   LBMA, RMAP
Gold   Singway Technology Co., Ltd.   RMAP
Gold   SOE Shyolkovsky Factory of Secondary Precious Metals   Not certified
Gold   Solar Applied Materials Technology Corp.   LBMA, RMAP
Gold   Sovereign Metals   Not certified
Gold   State Research Institute Center for Physical Sciences and Technology   Not certified
Gold   Sudan Gold Refinery   Not certified

 

 A-4 

 

 

Subject
Mineral

 

Name of Smelter/Refiner†

 

Status*

Gold   Sumitomo Metal Mining Co., Ltd.   LBMA, RMAP
Gold   SungEel HiMetal Co., Ltd.   RMAP
Gold   Super Dragon Technology Co., Ltd.   Not certified
Gold   T.C.A S.p.A   LBMA, RMAP
Gold   Tanaka Kikinzoku Kogyo K.K.   LBMA, RMAP
Gold   Tokuriki Honten Co., Ltd.   LBMA, RMAP
Gold   Tongling Nonferrous Metals Group Co., Ltd.   Not certified
Gold   TOO Tau-Ken-Altyn   RMAP
Gold   Torecom   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   Valcambi S.A.   LBMA, RJC, RMAP
Gold   Value Trading   Not certified
Gold   WEEEREFINING   RMAP-Active
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   AMG Brasil   RMAP
Tantalum   Changsha South Tantalum Niobium Co., Ltd.   RMAP
Tantalum   D Block Metals, LLC   RMAP
Tantalum   Exotech Inc.   RMAP-Active
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   H.C. Starck Hermsdorf GmbH   RMAP
Tantalum   H.C. Starck Inc.   RMAP
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 JinXin Nonferrous Metals Co., Ltd.   RMAP
Tantalum   Jiujiang Tanbre Co., Ltd.   RMAP
Tantalum   Jiujiang Zhongao Tantalum & Niobium Co., Ltd.   RMAP
Tantalum   KEMET de Mexico   RMAP
Tantalum   Metallurgical Products India Pvt., Ltd.   RMAP
Tantalum   Mineracao Taboca S.A.   RMAP

 

 A-5 

 

 

Subject
Mineral

 

Name of Smelter/Refiner†

 

Status*

Tantalum   Mitsui Mining and Smelting Co., Ltd.   RMAP
Tantalum   Ningxia Orient Tantalum Industry Co., Ltd.   RMAP
Tantalum   NPM Silmet AS   RMAP
Tantalum   QuantumClean   RMAP
Tantalum   Resind Industria e Comercio Ltda.   RMAP
Tantalum   RFH Yancheng Jinye New Material Technology Co., Ltd.   RMAP
Tantalum   Solikamsk Magnesium Works OAO   RMAP
Tantalum   Taki Chemical Co., Ltd.   RMAP
Tantalum   TANIOBIS Co., Ltd.   RMAP
Tantalum   TANIOBIS GmbH   RMAP
Tantalum   TANIOBIS Japan Co., Ltd.   RMAP
Tantalum   TANIOBIS Smelting GmbH & Co. KG   RMAP
Tantalum   Telex Metals   RMAP
Tantalum   Ulba Metallurgical Plant JSC   RMAP
Tantalum   XIMEI RESOURCES (GUANGDONG) LIMITED   RMAP
Tantalum   XinXing Haorong Electronic Material Co., Ltd.   RMAP
Tantalum   Yanling Jincheng Tantalum & Niobium Co., Ltd.   RMAP
Tin   Alpha   RMAP
Tin   An Vinh Joint Stock Mineral Processing Company   Not certified
Tin   Chenzhou Yunxiang Mining and Metallurgy Co., Ltd.   RMAP
Tin   Chifeng Dajingzi Tin Industry Co., Ltd.   RMAP
Tin   China Tin Group Co., Ltd.   RMAP
Tin   CRM Fundicao De Metais E Comercio De Equipamentos Eletronicos Do Brasil Ltda   RMAP-Active
Tin   CRM Synergies   RMAP
Tin   CV Venus Inti Perkasa   RMAP-Active
Tin   Dongguan CiEXPO Environmental Engineering Co., Ltd.   Not certified
Tin   Dowa   RMAP
Tin   Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company   Not certified
Tin   EM Vinto   RMAP
Tin   Estanho de Rondonia S.A.   RMAP
Tin   Fabrica Auricchio Industria e Comercio Ltda.   RMAP
Tin   Fenix Metals   RMAP
Tin   Gejiu City Fuxiang Industry and Trade Co., Ltd.   Not certified
Tin   Gejiu Kai Meng Industry and Trade LLC   Not certified
Tin   Gejiu Non-Ferrous Metal Processing Co., Ltd.   RMAP
Tin   Gejiu Yunxin Nonferrous Electrolysis Co., Ltd.   RMAP
Tin   Gejiu Zili Mining And Metallurgy Co., Ltd.   RMAP
Tin   Guangdong Hanhe Non-Ferrous Metal Co., Ltd.   RMAP
Tin   HuiChang Hill Tin Industry Co., Ltd.   RMAP
Tin   Jiangxi New Nanshan Technology Ltd.   RMAP

 

 A-6 

 

 

Subject
Mineral

 

Name of Smelter/Refiner†

 

Status*

Tin   Luna Smelter, Ltd.   RMAP
Tin   Ma'anshan Weitai Tin Co., 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-Active
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   Not certified
Tin   Nghe Tinh Non-Ferrous Metals Joint Stock Company   Not certified
Tin   Novosibirsk Processing Plant Ltd.   RMAP
Tin   O.M. Manufacturing (Thailand) Co., Ltd.   RMAP
Tin   O.M. Manufacturing Philippines, Inc.   RMAP
Tin   Operaciones Metalurgicas S.A.   RMAP
Tin   Pongpipat Company Limited   Not certified
Tin   Precious Minerals and Smelting Limited   Not certified
Tin   PT Aries Kencana Sejahtera   Not certified
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
Tin   PT Bangka Serumpun   RMAP
Tin   PT Belitung Industri Sejahtera   Not certified
Tin   PT Bukit Timah   RMAP
Tin   PT Cipta Persada Mulia   RMAP
Tin   PT Masbro Alam Stania   RMAP-Active
Tin   PT Menara Cipta Mulia   RMAP
Tin   PT Mitra Stania Prima   RMAP
Tin   PT Mitra Sukses Globalindo   RMAP-Active
Tin   PT Panca Mega Persada   Not certified
Tin   PT Prima Timah Utama   RMAP
Tin   PT Rajawali Rimba Perkasa   RMAP
Tin   PT Refined Bangka Tin   RMAP
Tin   PT Sariwiguna Binasentosa   RMAP
Tin   PT Stanindo Inti Perkasa   RMAP
Tin   PT Sukses Inti Makmur   RMAP-Active
Tin   PT Timah Nusantara   RMAP-Active
Tin   PT Timah Tbk Kundur   RMAP

 

 A-7 

 

 

Subject
Mineral

 

Name of Smelter/Refiner†

 

Status*

Tin   PT Timah Tbk Mentok   RMAP
Tin   PT Tinindo Inter Nusa   RMAP
Tin   PT Tirus Putra Mandiri   Not certified
Tin   PT Tommy Utama   Not certified
Tin   Resind Industria e Comercio Ltda.   RMAP
Tin   Rui Da Hung   RMAP
Tin   Soft Metais Ltda.   RMAP
Tin   Super Ligas   RMAP-Active
Tin   Thai Nguyen Mining and Metallurgy Co., Ltd.   RMAP
Tin   Thaisarco   RMAP
Tin   Tin Technology & Refining   RMAP
Tin   Tuyen Quang Non-Ferrous Metals Joint Stock Company   Not certified
Tin   VQB Mineral and Trading Group JSC   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
Tin   Yunnan Yunfan Non-ferrous Metals Co., Ltd.   Not certified
Tungsten   A.L.M.T. TUNGSTEN Corp.   RMAP
Tungsten   ACL Metais Eireli   RMAP
Tungsten   Albasteel Industria e Comercio de Ligas Para Fundicao Ltd.   RMAP-Active
Tungsten   Artek LLC   Not certified
Tungsten   Asia Tungsten Products Vietnam Ltd.   RMAP
Tungsten   Chenzhou Diamond Tungsten Products Co., Ltd.   RMAP
Tungsten   China Molybdenum Co., Ltd.   RMAP
Tungsten   Chongyi Zhangyuan Tungsten Co., Ltd.   RMAP
Tungsten   CNMC (Guangxi) PGMA Co., Ltd.   Not certified
Tungsten   Cronimet Brasil Ltda   RMAP
Tungsten   Fujian Ganmin RareMetal Co., Ltd.   RMAP
Tungsten   Fujian Xinlu Tungsten .   RMAP
Tungsten   Ganzhou Haichuang Tungsten Co., Ltd.   RMAP
Tungsten   Ganzhou Huaxing Tungsten Products Co., Ltd.   RMAP
Tungsten   Ganzhou Jiangwu Ferrotungsten Co., Ltd.   RMAP
Tungsten   Ganzhou Seadragon W & Mo Co., Ltd.   RMAP
Tungsten   Global Tungsten & Powders Corp.   RMAP
Tungsten   Guangdong Xianglu Tungsten Co., Ltd.   RMAP
Tungsten   H.C. Starck Tungsten GmbH   RMAP
Tungsten   Hunan Chenzhou Mining Co., Ltd.   RMAP
Tungsten   Hunan Chunchang Nonferrous Metals Co., Ltd.   RMAP
Tungsten   Hydrometallurg, JSC   RMAP
Tungsten   Japan New Metals Co., Ltd.   RMAP
Tungsten   Jiangwu H.C. Starck Tungsten Products Co., Ltd.   RMAP

 

 A-8 

 

 

Subject
Mineral

 

Name of Smelter/Refiner†

 

Status*

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 Yaosheng Tungsten Co., Ltd.   RMAP
Tungsten   Jingmen Dewei GEM Tungsten Resources Recycling Co., Ltd.   RMAP
Tungsten   JSC "Kirovgrad Hard Alloys Plant"   RMAP
Tungsten   Kennametal Fallon   RMAP
Tungsten   Kennametal Huntsville   RMAP
Tungsten   KGETS CO., LTD.   RMAP
Tungsten   Lianyou Metals Co., Ltd.   RMAP
Tungsten   Malipo Haiyu Tungsten Co., Ltd.   RMAP
Tungsten   Masan High-Tech Materials   RMAP
Tungsten   Moliren Ltd.   RMAP
Tungsten   Niagara Refining LLC   RMAP
Tungsten   NPP Tyazhmetprom LLC   RMAP-Active
Tungsten   OOO “Technolom” 1   RMAP-Active
Tungsten   Philippine Chuangxin Industrial Co., Inc.   RMAP
Tungsten   TANIOBIS Smelting GmbH & Co. KG   RMAP
Tungsten   Tejing (Vietnam) Tungsten Co., Ltd.   RMAP
Tungsten   Unecha Refractory Metals Plant   RMAP
Tungsten   Wolfram Bergbau und Hutten AG   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

 

Smelter or refiner names as reported by Responsible Minerals Initiative.

 

* Status defined as follows:

 

1.Responsible Minerals Assurance Process: Responsible Minerals Initiative

 

·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.

 

2.Responsible Gold Certificate: London Bullion Market Association

 

·LBMA: Smelter/refiner has obtained a Responsible Gold Certification.

 

3.Chain of Custody Certificate: Responsible Jewellry Council

 

·RJC: Smelter/refiner has obtained a Chain-of-Custody Certification.

 

 A-9 

 

 

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   Belgium   Bolivia   Brazil
Brazil   Bolivia   Brazil   Burundi
Burundi   Brazil   Burundi   Cambodia
Cambodia   Burundi   Cambodia   Canada
Canada   Cambodia   Canada   Central African Republic
Chile   Canada   Central African Republic   Chile
China   Central African Republic   Chile   China
Colombia   Chile   China   Colombia
Congo (Brazzaville)   China   Colombia   Congo (Brazzaville)
Czech Republic   Colombia   Congo (Brazzaville)   Czech Republic
Djibouti   Congo (Brazzaville)   Czech Republic   Djibouti
DRC- Congo (Kinshasa)   Czech Republic   Djibouti   DRC- Congo (Kinshasa)
Ecuador   Djibouti   DRC- Congo (Kinshasa)   Ecuador
Egypt   DRC- Congo (Kinshasa)   Ecuador   Egypt
Estonia   Ecuador   Egypt   Estonia
Ethiopia   Egypt   Estonia   Ethiopia
Finland   Estonia   Ethiopia   France
France   Ethiopia   France   Germany
Germany   France   Germany   Guinea
Ghana   Germany   Guyana   Guyana
Guinea   Ghana   Hong Kong   Hungary
Guyana   Guinea   Hungary   India
Hong Kong   Guyana   India   Indonesia
Hungary   Hungary   Indonesia   Ireland
India   India   Ireland   Israel
Indonesia   Indonesia   Israel   Ivory Coast
Ireland   Ireland   Ivory Coast   Japan
Israel   Israel   Japan   Kazakhstan
Italy   Italy   Jersey   Korea, Republic of

 

 B-1 

 

 

Gold

 

Tantalum

 

Tin

 

Tungsten

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

 

 B-2 

 

 

Gold

 

Tantalum

 

Tin

 

Tungsten

Tanzania   Turkey   United States    
Thailand   Uganda   Uzbekistan    
Turkey   United Kingdom   Viet Nam    
United Arab Emirates   United States   Zambia    
United Kingdom   Uzbekistan   Zimbabwe    
United States   Viet Nam        
United States   Zambia        
Uzbekistan   Zimbabwe        
Viet Nam            
Zambia            
Zimbabwe            

 

 B-3