UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
OPTICAL CABLE CORPORATION
(Exact name of registrant as specified in its charter)
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Virginia |
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000-27022 |
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54-1237042 |
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(State or other jurisdiction of incorporation or organization) |
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(Commission File Number) |
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(I.R.S. Employer Identification Number) |
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5290 Concourse Drive Roanoke, VA |
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24019 | ||
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(Address of principal executive offices) |
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(Zip Code) | ||
| Tracy G. Smith | (540) 265-0690 | |||
| (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:
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☒ |
Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2016. |
Item 1.01 – Conflict Minerals Disclosure
Company Overview
Optical Cable Corporation (or OCC®) manufactures a broad range of fiber optic and copper data communication cabling and connectivity solutions. OCC’s products include fiber optic and copper cabling, fiber optic and copper connectors, specialty fiber optic and copper connectors, fiber optic and copper patch cords, pre-terminated fiber optic and copper cable assemblies, racks, cabinets, datacom enclosures, patch panels, face plates, multi-media boxes, and other cable and connectivity management accessories.
Conflict Minerals Disclosure
Section 1502(e)(4) of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“the Act”) defines conflict minerals as columbite-tantalite (tantalum), cassiterite (tin), wolframite (tungsten) and gold, commonly referred to collectively as “3TG”. OCC evaluated its current product lines and determined that certain manufactured products contain 3TG.
Certain of the 3TG minerals are contained in some of the wire and metal components used by OCC in the connector manufacturing process. On a more limited basis, OCC uses certain 3TG minerals in the production of products in its fiber optic cable product lines.
OCC does not make direct purchases of raw ore or unrefined minerals or any direct purchases from recycled or scrap sources, and makes no direct purchases in the Democratic Republic of the Congo (“DRC”) or its adjoining countries. OCC has conducted a country of origin inquiry in good faith by identifying suppliers of the parts used in OCC products that are likely to contain 3TG and requesting that suppliers respond with a completed Conflict-Free Sourcing Initiative (“CFSI”) Conflict Minerals Reporting Template. This template facilitates disclosure and communication of information regarding the origin of conflict minerals, smelters that provide material to a company’s supply chain, and supplier due diligence.
OCC’s due diligence measures included:
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- |
Conducting a supply chain survey with all suppliers of components that contain 3TG using the CFSI Conflict Minerals Reporting Template. |
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Tracking and reviewing responses to assess reliability. |
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Following up with suppliers who failed to return responses or returned incomplete or inconsistent responses. OCC received valid responses from all surveyed suppliers. |
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Reviewing the smelters and refiners identified in the supply chain survey to determine location and certification of “conflict free” status. |
The majority of the suppliers who responded to the survey (77%) reported that the 3TG minerals in the parts they sell to OCC did not originate in the DRC or adjoining countries. However, the remaining suppliers reported that the minerals contained in their products may have originated in the DRC or adjoining countries, or were unable to specify the origin of the minerals. Please see the attached Conflict Minerals Report (Exhibit 1.01). Based on the information received, OCC does not have sufficient information to determine whether the necessary 3TG minerals contained in our products directly or indirectly financed or benefited armed groups in the DRC or its adjoining countries.
A copy of OCC’s conflict minerals disclosure herein is publicly available at: www.occfiber.com under “Investor Relations”.
Item 1.02 Exhibit
The Conflict Minerals Report required by Item 1.01 is filed as Exhibit 1.01 to this Form SD.
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.
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OPTICAL CABLE CORPORATION | ||
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By: |
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/s/ TRACY G. SMITH |
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Name: |
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Tracy G. Smith |
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Title: |
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Senior Vice President and Chief Financial Officer |
Dated: May 25, 2017
Exhibit 1.01
CONFLICT MINERALS REPORT
Optical Cable Corporation (or OCC®) has performed the following due diligence measures to determine whether the 3TG minerals included in our products financed or benefited armed groups in the Democratic Republic of the Congo (“DRC”) or its adjoining countries:
Step 1. Establish Strong Company Management Systems
Control Systems
OCC engages in industry-wide initiatives to enhance supply chain responsibility and to keep abreast of industry best practices. OCC conducted a supply chain survey with all suppliers of components that contain 3TG minerals using the CFSI Conflict Minerals Reporting Template. OCC then reviewed the results of the supply chain survey and retained documentation relevant to the use of any 3TG minerals.
Supplier Engagement
OCC has a strong level of engagement with its direct suppliers and, when necessary, directly engages their upstream suppliers. OCC expects our suppliers to practice responsible sourcing and to cooperate with OCC's conflict minerals reporting and due diligence efforts. OCC reviewed the smelters and refiners identified in the supply chain survey to determine location and certification of “conflict free” status.
Step 2. Identify and Assess Risks in the Supply Chain
OCC engages with its direct suppliers and, when necessary, their upstream suppliers to evaluate the source of 3TG minerals in its products. Upon receiving a supplier CFSI Reporting Template, members of the OCC conflict minerals diligence team review the information for consistency and accuracy. When a report warrants clarification or confirmation, a member of the OCC conflict minerals diligence team contacts the direct supplier, or in some cases their upstream supplier, to clarify or confirm the information and responses.
Step 3. Design and Implement a Strategy to Respond to Identified Risks
OCC performs a risk assessment to identify areas of possible concern within its supply chain, evaluating areas of possible concern and deploying appropriate risk mitigation controls and strategies.
OCC continues to look for ways to enhance its conflict minerals compliance program, including the processes outlined above. In addition, OCC intends to continue collaborating with its suppliers to promote responsible sourcing of conflict minerals. To accomplish this objective, OCC will continue outreach and education efforts among its suppliers to promote industry best practices.
One area for further mitigating risk in OCC’s supply chain is to identify the countries of origin of all 3TG minerals in its products. Several of OCC's suppliers routinely provide responses at a supplier-wide level, and not specifically with respect to the component materials that these suppliers supplied to OCC. We have improved our risk assessment by requesting that all CFSI Reporting Templates be completed at the product level and by providing a list of relevant products purchased from each supplier to aid in completion.
Step 4. Carry Out Independent Third-Party Audit of Smelter/Refiner’s Due Diligence Practices
If necessary, and to the extent OCC could reasonably do so, OCC would provide information requested in connection with audits of conflict minerals smelters and refiners conducted by third parties.
Step 5. Report Annually on Supply Chain Due Diligence
This report constitutes OCC's annual report on its conflict minerals due diligence and is publicly available on the Company's website. The information contained in, and that can be accessed through, the website of the Company is not, and shall not be deemed to be, a part of this report or the related Form SD or incorporated into any other filings Optical Cable Corporation makes with the SEC.
The following table is a list of smelters, provided to OCC by its suppliers, of 3TG minerals used to manufacture OCC’s products that may have been sourced from the DRC or its adjoining countries.
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PRODUCT MINERAL |
SMELTER |
COUNTRY |
|
Gold |
Advanced Chemical Company |
UNITED STATES OF AMERICA |
|
Gold |
Aida Chemical Industries Co., Ltd. |
JAPAN |
|
Gold |
Al Etihad Gold Refinery DMCC |
UNITED ARAB EMIRATES |
|
Gold |
Allgemeine Gold-und Silberscheideanstalt A.G. |
GERMANY |
|
Gold |
Almalyk Mining and Metallurgical Complex (AMMC) |
UZBEKISTAN |
|
Tin |
Alpha |
UNITED STATES OF AMERICA |
|
Tin |
An Thai Minerals Co., Ltd. |
VIETNAM |
|
Tin |
An Vinh Joint Stock Mineral Processing Company |
VIETNAM |
|
Gold |
AngloGold Ashanti Córrego do Sítio Mineração |
BRAZIL |
|
Gold |
Argor-Heraeus S.A. |
SWITZERLAND |
|
Gold |
Asahi Pretec Corp. |
JAPAN |
|
Gold |
Asahi Refining Canada Ltd. |
CANADA |
|
Gold |
Asahi Refining USA Inc. |
UNITED STATES OF AMERICA |
|
Gold |
Asaka Riken Co., Ltd. |
JAPAN |
|
Gold |
AU Traders and Refiners |
SOUTH AFRICA |
|
Gold |
Aurubis AG |
GERMANY |
|
Gold |
Bangko Sentral ng Pilipinas (Central Bank of the Philippines) |
PHILIPPINES |
|
Gold |
Boliden AB |
SWEDEN |
|
Gold |
C. Hafner GmbH + Co. KG |
GERMANY |
|
Gold |
Caridad |
MEXICO |
|
Gold |
CCR Refinery - Glencore Canada Corporation |
CANADA |
|
Tin |
Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. |
CHINA |
|
Gold |
Chimet S.p.A. |
ITALY |
|
Tin |
China Tin Group Co., Ltd. |
CHINA |
|
Tin |
CNMC (Guangxi) PGMA Co., Ltd. |
CHINA |
|
Tin |
Cooperativa Metalurgica de Rondônia Ltda. |
BRAZIL |
|
Tin |
CV Ayi Jaya |
INDONESIA |
|
Tin |
CV Dua Sekawan |
INDONESIA |
|
Tin |
CV Gita Pesona |
INDONESIA |
|
Tin |
CV Serumpun Sebalai |
INDONESIA |
|
Tin |
CV United Smelting |
INDONESIA |
|
Tin |
CV Venus Inti Perkasa |
INDONESIA |
|
Gold |
Daejin Indus Co., Ltd. |
KOREA (REPUBLIC OF) |
|
Gold |
DODUCO GmbH |
GERMANY |
|
Gold |
Dowa |
JAPAN |
|
Tin |
Dowa |
JAPAN |
|
Gold |
DSC (Do Sung Corporation) |
KOREA (REPUBLIC OF) |
|
Gold |
Eco-System Recycling Co., Ltd. |
JAPAN |
|
Tin |
Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company |
VIETNAM |
|
Gold |
Elemetal Refining, LLC |
UNITED STATES OF AMERICA |
|
Tin |
Elmet S.L.U. |
SPAIN |
|
Tin |
EM Vinto |
BOLIVIA |
|
Gold |
Emirates Gold DMCC |
UNITED ARAB EMIRATES |
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Tin |
Estanho de Rondônia S.A. |
BRAZIL |
|
Tin |
Feinhütte Halsbrücke GmbH |
GERMANY |
|
Tin |
Fenix Metals |
POLAND |
|
Tin |
Gejiu Fengming Metallurgy Chemical Plant |
CHINA |
|
Tin |
Gejiu Jinye Mineral Company |
CHINA |
|
Tin |
Gejiu Kai Meng Industry and Trade LLC |
CHINA |
|
Tin |
Gejiu Non-Ferrous Metal Processing Co., Ltd. |
CHINA |
|
Tin |
Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. |
CHINA |
|
Tin |
Gejiu Zili Mining And Metallurgy Co., Ltd. |
CHINA |
|
Tin |
Guanyang Guida Nonferrous Metal Smelting Plant |
CHINA |
|
Gold |
Heimerle + Meule GmbH |
GERMANY |
|
Gold |
Heraeus Ltd. Hong Kong |
CHINA |
|
Gold |
Heraeus Precious Metals GmbH & Co. KG |
GERMANY |
|
Tin |
HuiChang Hill Tin Industry Co., Ltd. |
CHINA |
|
Tin |
Huichang Jinshunda Tin Co., Ltd. |
CHINA |
|
Gold |
Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. |
CHINA |
|
Gold |
Ishifuku Metal Industry Co., Ltd. |
JAPAN |
|
Gold |
Istanbul Gold Refinery |
TURKEY |
|
Gold |
Japan Mint |
JAPAN |
|
Gold |
Jiangxi Copper Co., Ltd. |
CHINA |
|
Tin |
Jiangxi Ketai Advanced Material Co., Ltd. |
CHINA |
|
Gold |
JSC Ekaterinburg Non-Ferrous Metal Processing Plant |
RUSSIAN FEDERATION |
|
Gold |
JSC Uralelectromed |
RUSSIAN FEDERATION |
|
Gold |
JX Nippon Mining & Metals Co., Ltd. |
JAPAN |
|
Gold |
Kazzinc |
KAZAKHSTAN |
|
Gold |
Kennecott Utah Copper LLC |
UNITED STATES OF AMERICA |
|
Gold |
Kojima Chemicals Co., Ltd. |
JAPAN |
|
Gold |
Korea Zinc Co., Ltd. |
KOREA (REPUBLIC OF) |
|
Gold |
Kyrgyzaltyn JSC |
KYRGYZSTAN |
|
Tin |
Linwu Xianggui Ore Smelting Co., Ltd. |
CHINA |
|
Gold |
LS-NIKKO Copper Inc. |
KOREA (REPUBLIC OF) |
|
Tin |
Magnu's Minerais Metais e Ligas Ltda. |
BRAZIL |
|
Tin |
Malaysia Smelting Corporation (MSC) |
MALAYSIA |
|
Gold |
Materion |
UNITED STATES OF AMERICA |
|
Gold |
Matsuda Sangyo Co., Ltd. |
JAPAN |
|
Tin |
Melt Metais e Ligas S.A. |
BRAZIL |
|
Tin |
Metallic Resources, Inc. |
UNITED STATES OF AMERICA |
|
Tin |
Metallo-Chimique N.V. |
BELGIUM |
|
Gold |
Metalor Technologies (Hong Kong) Ltd. |
CHINA |
|
Gold |
Metalor Technologies (Singapore) Pte., Ltd. |
SINGAPORE |
|
Gold |
Metalor Technologies (Suzhou) Ltd. |
CHINA |
|
Gold |
Metalor Technologies S.A. |
SWITZERLAND |
|
Gold |
Metalor USA Refining Corporation |
UNITED STATES OF AMERICA |
|
Gold |
Metalúrgica Met-Mex Peñoles S.A. De C.V. |
MEXICO |
|
Tin |
Mineração Taboca S.A. |
BRAZIL |
|
Tin |
Minsur |
PERU |
|
Gold |
Mitsubishi Materials Corporation |
JAPAN |
|
Tin |
Mitsubishi Materials Corporation |
JAPAN |
|
Gold |
Mitsui Mining and Smelting Co., Ltd. |
JAPAN |
|
Gold |
MMTC-PAMP India Pvt., Ltd. |
INDIA |
|
Tin |
Modeltech Sdn Bhd |
MALAYSIA |
|
Gold |
Moscow Special Alloys Processing Plant |
RUSSIAN FEDERATION |
|
Gold |
Nadir Metal Rafineri San. Ve Tic. A.ª. |
TURKEY |
|
Tin |
Nankang Nanshan Tin Manufactory Co., Ltd. |
CHINA |
|
Tin |
Nghe Tinh Non-Ferrous Metals Joint Stock Company |
VIETNAM |
|
Gold |
Nihon Material Co., Ltd. |
JAPAN |
|
Tin |
O.M. Manufacturing (Thailand) Co., Ltd. |
THAILAND |
|
Tin |
O.M. Manufacturing Philippines, Inc. |
PHILIPPINES |
|
Gold |
Ögussa Österreichische Gold- und Silber-Scheideanstalt GmbH |
AUSTRIA |
|
Gold |
Ohura Precious Metal Industry Co., Ltd. |
JAPAN |
|
Gold |
OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet) |
RUSSIAN FEDERATION |
|
Gold |
OJSC Novosibirsk Refinery |
RUSSIAN FEDERATION |
|
Tin |
Operaciones Metalurgical S.A. |
BOLIVIA |
|
Gold |
PAMP S.A. |
SWITZERLAND |
|
Tin |
Phoenix Metal Ltd. |
RWANDA |
|
Gold |
Prioksky Plant of Non-Ferrous Metals |
RUSSIAN FEDERATION |
|
Tin |
PT Alam Lestari Kencana |
INDONESIA |
|
Gold |
PT Aneka Tambang (Persero) Tbk |
INDONESIA |
|
Tin |
PT Aries Kencana Sejahtera |
INDONESIA |
|
Tin |
PT Artha Cipta Langgeng |
INDONESIA |
|
Tin |
PT ATD Makmur Mandiri Jaya |
INDONESIA |
|
Tin |
PT Babel Inti Perkasa |
INDONESIA |
|
Tin |
PT Bangka Kudai Tin |
INDONESIA |
|
Tin |
PT Bangka Prima Tin |
INDONESIA |
|
Tin |
PT Bangka Timah Utama Sejahtera |
INDONESIA |
|
Tin |
PT Bangka Tin Industry |
INDONESIA |
|
Tin |
PT Belitung Industri Sejahtera |
INDONESIA |
|
Tin |
PT BilliTin Makmur Lestari |
INDONESIA |
|
Tin |
PT Bukit Timah |
INDONESIA |
|
Tin |
PT Cipta Persada Mulia |
INDONESIA |
|
Tin |
PT DS Jaya Abadi |
INDONESIA |
|
Tin |
PT Eunindo Usaha Mandiri |
INDONESIA |
|
Tin |
PT Fang Di MulTindo |
INDONESIA |
|
Tin |
PT Inti Stania Prima |
INDONESIA |
|
Tin |
PT Justindo |
INDONESIA |
|
Tin |
PT Karimun Mining |
INDONESIA |
|
Tin |
PT Kijang Jaya Mandiri |
INDONESIA |
|
Tin |
PT Mitra Stania Prima |
INDONESIA |
|
Tin |
PT O.M. Indonesia |
INDONESIA |
|
Tin |
PT Panca Mega Persada |
INDONESIA |
|
Tin |
PT Pelat Timah Nusantara Tbk |
INDONESIA |
|
Tin |
PT Prima Timah Utama |
INDONESIA |
|
Tin |
PT Refined Bangka Tin |
INDONESIA |
|
Tin |
PT Sariwiguna Binasentosa |
INDONESIA |
|
Tin |
PT Seirama Tin Investment |
INDONESIA |
|
Tin |
PT Stanindo Inti Perkasa |
INDONESIA |
|
Tin |
PT Sukses Inti Makmur |
INDONESIA |
|
Tin |
PT Sumber Jaya Indah |
INDONESIA |
|
Tin |
PT Timah (Persero) Tbk Kundur |
INDONESIA |
|
Tin |
PT Timah (Persero) Tbk Mentok |
INDONESIA |
|
Tin |
PT Tinindo Inter Nusa |
INDONESIA |
|
Tin |
PT Tirus Putra Mandiri |
INDONESIA |
|
Tin |
PT Tommy Utama |
INDONESIA |
|
Tin |
PT Wahana Perkit Jaya |
INDONESIA |
|
Gold |
PX Précinox S.A. |
SWITZERLAND |
|
Gold |
Rand Refinery (Pty) Ltd. |
SOUTH AFRICA |
|
Gold |
Republic Metals Corporation |
UNITED STATES OF AMERICA |
|
Tin |
Resind Indústria e Comércio Ltda. |
BRAZIL |
|
Gold |
Royal Canadian Mint |
CANADA |
|
Tin |
Rui Da Hung |
TAIWAN, PROVINCE OF CHINA |
|
Gold |
Samduck Precious Metals |
KOREA (REPUBLIC OF) |
|
Gold |
SAXONIA Edelmetalle GmbH |
GERMANY |
|
Gold |
Schone Edelmetaal B.V. |
NETHERLANDS |
|
Gold |
SEMPSA Joyería Platería S.A. |
SPAIN |
|
Gold |
Shandong Zhaojin Gold & Silver Refinery Co., Ltd. |
CHINA |
|
Gold |
Sichuan Tianze Precious Metals Co., Ltd. |
CHINA |
|
Gold |
Singway Technology Co., Ltd. |
TAIWAN, PROVINCE OF CHINA |
|
Gold |
SOE Shyolkovsky Factory of Secondary Precious Metals |
RUSSIAN FEDERATION |
|
Tin |
Soft Metais Ltda. |
BRAZIL |
|
Gold |
Solar Applied Materials Technology Corp. |
TAIWAN, PROVINCE OF CHINA |
|
Gold |
Sumitomo Metal Mining Co., Ltd. |
JAPAN |
|
Gold |
T.C.A S.p.A |
ITALY |
|
Gold |
Tanaka Kikinzoku Kogyo K.K. |
JAPAN |
|
Tin |
Thaisarco |
THAILAND |
|
Gold |
The Refinery of Shandong Gold Mining Co., Ltd. |
CHINA |
|
Gold |
Tokuriki Honten Co., Ltd. |
JAPAN |
|
Gold |
Torecom |
KOREA (REPUBLIC OF) |
|
Tin |
Tuyen Quang Non-Ferrous Metals Joint Stock Company |
VIETNAM |
|
Gold |
Umicore Brasil Ltda. |
BRAZIL |
|
Gold |
Umicore Precious Metals Thailand |
THAILAND |
|
Gold |
Umicore S.A. Business Unit Precious Metals Refining |
BELGIUM |
|
Gold |
United Precious Metal Refining, Inc. |
UNITED STATES OF AMERICA |
|
Gold |
Valcambi S.A. |
SWITZERLAND |
|
Tin |
VQB Mineral and Trading Group JSC |
VIETNAM |
|
Gold |
Western Australian Mint trading as The Perth Mint |
AUSTRALIA |
|
Tin |
White Solder Metalurgia e Mineração Ltda. |
BRAZIL |
|
Gold |
WIELAND Edelmetalle GmbH |
GERMANY |
|
Gold |
Yamamoto Precious Metal Co., Ltd. |
JAPAN |
|
Gold |
Yokohama Metal Co., Ltd. |
JAPAN |
|
Tin |
Yunnan Chengfeng Non-ferrous Metals Co., Ltd. |
CHINA |
|
Tin |
Yunnan Tin Company Limited |
CHINA |
|
Tin |
Yunnan Tin Group (Holding) Company Limited |
CHINA |
|
Gold |
Zhongyuan Gold Smelter of Zhongjin Gold Corporation |
CHINA |
|
Gold |
Zijin Mining Group Co., Ltd. Gold Refinery |
CHINA |
After exercising due diligence, OCC was unable to determine whether the 3TG minerals that may have been sourced from the DRC or its adjoining countries were from recycled or scrap sources or whether such minerals directly or indirectly financed or benefited armed groups. To improve its ability to conduct due diligence, OCC will continue to request completed CFSI Reporting Templates from its suppliers and to emphasize its support of the reporting requirements.