In recent years, there has been an increasing international focus on "conflict minerals" emanating from mining operations in the Democratic Republic of the Congo (DRC) and adjoining countries. Armed groups engaged in mining operations in this region are believed to subject workers and indigenous people to serious human rights abuses and are using proceeds from the sale of "conflict minerals" to finance regional conflicts.
The Dodd-Frank Wall Street Reform and Consumer Protection Act came into effect on January 1, 2013 , and Section 1502 on "Conflict Minerals" requires compliance from all public companies that are listed with the Securities and Exchange Commission (SEC) under Sections 13(a) or 15(d). The law requires these issuers to examine their supply chain to determine if they manufacture or contract to manufacture products that contain "conflict minerals" that are necessary to the functionality or production of those products.
"Conflict minerals" are defined as cassiterite, columbite-tantalite (coltan), gold and wolframite, as well as their "3T" derivatives tin, tantalum and tungsten.
Daubert Cromwell is fully compliant with Section 1502 of the Dodd-Frank Act and does not use any "conflict minerals" in the production or manufacturing of any part of its product line.
For more information about the legislation and about "conflict minerals," please visit the SEC website: http://www.sec.gov/spotlight/dodd-frank.shtml
Executive Vice President and Chief Operating Officer