News
Conflict Minerals Policy
Friday, January 3, 2014
Access Precision Machining Ltd has adopted a policy with regard to Conflict Minerals. These are materials sourced from the Democratic Republic of Congo ( DRC) and include the following:
Tantalite, Tantalum, Tin, Gold and Tungsten.
Access Precision is committed to avoiding the use of Conflict Minerals - see the Policy Statement below for further details.
Conflict Minerals Policy
Access Precision Machining fully supports the goals and objectives of Section 1502 (“Section 1502”) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”), which aims to prevent the use of certain “Conflict Minerals” that directly or indirectly finance or benefit armed groups in The Democratic Republic of the Congo (DRC) or adjoining countries (as defined in the Act). “Conflict Minerals” include: columbite-tantalite (coltan) (i.e., tantalum), cassiterite (i.e., tin), gold, wolframite (i.e., tungsten) or their derivatives and could expand to include other minerals or their derivatives, as determined by the U.S. Secretary of State.
Access Precision Machining is committed to avoiding the use of Conflict Minerals which directly or indirectly finance or benefit armed groups in the DRC or adjoining countries. Access Precision Machining is committed to complying with the reporting obligations required under Section 1502 of the Act, as well as the related rules and regulations issued by the U.S. Securities and Exchange Commission, including the requirement that Access Precision Machining conduct inquiries into the source of any Conflict Minerals included in purchased materials.
Access Precision Machining suppliers are required to acknowledge Access Precision Machining’s Code of Conduct, which includes requirements regarding Conflict Minerals and responsible sourcing. Suppliers are also responsible for passing the same requirements on to their suppliers.
Suppliers will be required to declare that all products supplied either:
1. Do not contain tantalum, tin, tungsten or gold that are necessary to their production or functionality, or,
2. If they do contain these minerals, that they originate from non-conflict areas or from smelters that have been validated by an independent private sector party to be conflict free.
Access Precision Machining will evaluate its relationships with its suppliers on an ongoing basis to ensure continued compliance with this policy. Access Precision Machining reserves the right to request additional documentation from its suppliers regarding the source of any Conflict Minerals included in its products. In addition, suppliers must maintain and provide to Access Precision Machining upon request traceability data for a minimum of five years. Suppliers who do not comply with these requirements shall be reviewed by Access Precision Machining’s supply chain organization for future business.
