CONFLICT MINERAL POLICY STATEMENT OF CHINA TIN GROUP CO.,LTD.
China Tin Group Co. Ltd. is a large tin producer with facilities to explore, mine, concentrate, smelt, and also to downstream process tin into products .Our cassiterite is generally sourced from our own concessions , others from mines within China .
根據2010 年7 月21 日生效的《多德—弗蘭克華爾街改革和消費者保護法案》第1502 節規定：“沖突礦物”包括錫石及其衍生物，同時還有其它兩種礦物和黃金。公司支持這項法案所要達成的目標，也從未與剛果民主共和國東部省份有關沖突采礦行業聯系，并將認可此項法律對于在美國證券交易所的上市公司所做的相關披露要求。
Section 1502 of the US Dodd-Frank Wall Street Reform and Consumer Protection Act effective on July 21st 2010 defines ‘Conflict Minerals’ as including ‘cassiterite and its derivatives’ along with two other minerals and gold. Yunnan Tin Company Limited generally supports the objectives of this law and has no link between mining and conflict in the eastern Provinces of the Democratic Republic of Congo (DRC), and recognize the disclosure requirements which this law imposes on SEC reporting companies in the US.
Both the Organization for Economic Co-operation and Development (OECD) and the United Nations (UN) have released broadly similar guidelines for company due diligence on minerals from conflict affected and high risk areas, and in the case of the UN, specifically for the DRC. The OECD guidance encourages companies to draw upon it as they establish their due diligence practices, and the guidance aims to promote responsible sourcing by incorporating the flexibility to allow trade to continue.
We have assessed our sources and suppliers of minerals according to the ‘red flag’ criteria contained in the OECD guidance and consider that the need for further due diligence is not required. Our company does not source cassiterite from the DRC or adjoining countries.
We are engaged in the Conflict Free Smelter Program and participate in auditing processes to provide assurance for our customers that our tin ingot and products are from sources not linked to conflict.
Although not sourcing cassiterite from the DRC or adjoining countries, we have made relevant personnel within our company such as smelter managers and mineral purchasers aware of the ‘conflict minerals’ law of the US, as well as the ‘red flag’ criteria of the OECD guidance. We have also made our suppliers aware of these criteria and have included relevant text in our supply contracts.
We also communicate this policy to our customers and publicly through other channels such as our company website.
This statement is effective from March 1, 2014。
China Tin Group Co.Ltd.