Conflict Minerals Procurement Policy
※ promotes responsible mineral sourcing
The United States promulgated the Financial Regulatory Reform Act (Dodd-Frank Act) in July 2010. According to Article 1502 of the Act, gold, tantalum, tin and tungsten produced by local rebel organizations in the Democratic Republic of the Congo and its neighboring countries (hereinafter referred to as DRC and other countries) through forced labor, abuse of child labor and other illegal means are designated as conflict minerals (Conflict Minerals). The purpose of this bill is to cut off the funding of armed groups engaged in anti-government activities and human rights violations in countries such as the DRC, where conflicts are ongoing.
In recent years, the Responsible Minerals Initiative(RMI) has decided to include cobalt and mica as subjects of investigation from the perspective of human rights violations such as child labor, poor mining environment, and environmental pollution in mining areas. In the area of mineral procurement, the social responsibility of enterprises to safeguard human rights and protect the environment is increasingly important. In this context, Jiangsu Channelon Group has developed a conflict-free mineral procurement policy in accordance with the OECD (Organization for Economic Cooperation and Development) "Due Diligence Guidelines for Conflict Minerals Supply Chains", which is based on the commitment of the company itself and the requirement that suppliers not purchase minerals related to conflict and human rights violations.
※ Channelon Electronics Responsible Mineral Sourcing Policy
Channelon Electronics will work to conduct a detailed investigation of the supply chain to ensure that metals such as gold (Au), tantalum (Ta), tungsten (W) and tin (Sn) are not mined from mines in conflict areas in the Democratic Republic of the Congo or illegally smuggled through anarchic groups or illegal groups. In addition, metals exported by the following countries do not meet the "conflict-free code": the Democratic Republic of the Congo (DRC), Rwanda (Rwanda), Uganda (Uganda), Burundi (Burundi), Tanzania (Tanzania), Kenya (Kenya) (all of which have been designated by the United Nations Security Council as minerals of the Congolese vein).