In August 2012, the U.S. Securities and Exchange Commission (SEC) adopted final rules regarding Conflict Minerals, implementing Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
These rules apply to companies who manufacture or contract to manufacture products containing “conflict minerals” that are necessary to the functionality or production of those products. “Conflict minerals” refers to tin, tantalum, tungsten, and gold (also known together as “3TG”), regardless of where they are sourced, processed or sold.
The purpose of Conflict Minerals Rules is to discourage the use of minerals that could be financing the violent conflict in the Democratic Republic of Congo (DRC); minerals that are mined in that country or in any adjoining countries (Angola, Burundi, Central Africa Republic, The Republic of the Congo, Rwanda, Sudan, Tanzania, Uganda and Zambia).
Therefore, we at BM Castings are committed to the following: