UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM SD
Specialized Disclosure Report
 
 
CSW INDUSTRIALS, INC.
(Exact Name Of Registrant As Specified In Charter)
 
 
 
     
Delaware 001-37454 47-2266942
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
5420 Lyndon B. Johnson Freeway, Suite 500
Dallas, Texas 75240
(Address of Principal Executive Offices) (Zip Code)
Luke E. Alverson
Senior Vice President, General Counsel & Secretary
(214) 884-3777
(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:
[X] Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2019.





Section 1 – Conflict Minerals Disclosure

Item 1.01 Conflict Minerals Disclosure and Report

CSW Industrials, Inc. (including its consolidated subsidiaries, the “Company”) is filing this Form SD pursuant to Rule 13p-1 promulgated under the Securities Exchange Act of 1934 (the “Rule”) for the reporting period from January 1 to December 31, 2019 (the “Reporting Period”).

The Company manufactures or contracts to manufacture “products” that may contain certain “conflict minerals” (as defined below) that are necessary to the functionality or production of such products. The term “conflict mineral” is defined in Form SD as (i)(a) columbite-tantalite, also known as coltan (the metal ore from which tantalum is extracted); (b) cassiterite (the metal ore from which tin is extracted); (c) gold; and (d) wolframite (the metal ore from which tungsten is extracted), or their derivatives; or (ii) any other mineral or its derivatives determined by the U.S. Secretary of State to be financing conflict in the Democratic Republic of the Congo or an adjoining country (collectively, the “Covered Countries”).

In accordance with the Rule and Form SD, the Company has conducted a good faith reasonable country of origin inquiry (“RCOI”) regarding the conflict minerals included in its products during the Reporting Period to determine whether any of such conflict minerals originated in the Covered Countries and/or whether any of such conflict minerals may be from recycled or scrap sources.

In accordance with the Rule, the Company has filed this Form SD and the associated Conflict Minerals Report, which appears as Exhibit 1.01 hereto and is publicly available on the Company’s website at www.cswindustrials.com.

Item 1.02 Exhibit

A description of the RCOI and the measures the Company took to exercise due diligence on the source and chain of custody of certain of its conflict minerals is provided in the Conflict Minerals Report attached hereto as Exhibit 1.01. The content on, or accessible through, any website referred to in this Form SD is not incorporated by reference into this Form SD unless expressly noted.

Section 2 – Exhibits

Item 2.01 Exhibits

The following exhibit is filed as part of this Form SD.

Exhibit No.  Description
1.01   CSW Industrials, Inc. Conflict Minerals Report for the Year Ended December 31, 2019.




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.
Dated: May 28, 2020
 
   
By: /s/ Luke E. Alverson
  
Name: Luke E. Alverson
Title: Senior Vice President, General Counsel & Secretary


Document

Exhibit 1.01

Conflict Minerals Report of CSW Industrials, Inc.
In Accordance with Rule 13p-1 and Form SD under the Securities Exchange Act of 1934
For the year ended December 31, 2019

This Conflict Minerals Report (“Report”) of CSW Industrials, Inc. (including its consolidated subsidiaries, the “Company”) for the period from January 1 to December 31, 2019 (the “Reporting Period”) is presented to comply with Rule 13p-1 (the “Rule”) under the Securities Exchange Act of 1934. Please refer to the Rule and Form SD for definitions of terms used in this Report, unless otherwise defined herein.

The Company manufactures or contracts to manufacture “products” that may contain certain “conflict minerals” (as defined below) that are necessary to the functionality or production of such products. The term “conflict mineral” is defined in Form SD as (i)(a) columbite-tantalite, also known as coltan (the metal ore from which tantalum is extracted); (b) cassiterite (the metal ore from which tin is extracted; (c) gold; and (d) wolframite (the metal ore from which tungsten is extracted), or their derivatives; or (ii) any other mineral or its derivatives determined by the U.S. Secretary of State to be financing conflict in the Democratic Republic of the Congo or an adjoining country (collectively, the “Covered Countries”).

In accordance with the Rule and Form SD, the Company has conducted a good faith reasonable country of origin inquiry (“RCOI”) regarding the conflict minerals included in its products during the Reporting Period to determine whether any of such conflict minerals originated in the Covered Countries and/or whether any of such conflict minerals may be from recycled or scrap sources.

The results of the Company’s RCOI regarding conflict minerals, as well as the Company’s additional due diligence regarding the sources of the conflict minerals, are contained in this Report.

1. Introduction

CSW Industrials, Inc. is a diversified industrial growth company with well-established, scalable platforms and domain expertise across two segments: Industrials Products and Specialty Chemicals. The Company’s products include mechanical products for heating, ventilation and air conditioning (“HVAC”) and refrigeration applications, coatings and sealants and high performance specialty lubricants. Markets that the Company serves include HVAC, industrial, rail, plumbing, architecturally-specified building products, energy, mining and other general industrial markets.

The Company manufactures, or contracts for the manufacture of, a wide range of products, some of which contain conflict minerals. The Company does not purchase ore or unrefined conflict minerals directly from mines, smelters or refiners, and as such the Company is many steps removed from these market participants and the sources of ore from which conflict minerals are produced. For this reason, the Company relies on its direct suppliers, many of which are not subject to the Rule, to investigate their upstream suppliers to provide information on the origin of the conflict minerals in the components and materials that the Company purchases and incorporates into its product lines. Along with this, the Company conducts due diligence processes reflecting the Company’s circumstances and position in the supply chain to ensure that its sourcing practices, and the sourcing practices of the Company’s suppliers, are consistent with its guiding principles on responsibly sourcing conflict minerals.

        1



2. Reasonable Country of Origin Inquiry

The Company’s RCOI for the Reporting Period began with an identification of all the Company’s direct suppliers that, due to the nature of their business or the products they supply to the Company, utilize conflict minerals. The Company then contacted each supplier and requested completion of the Responsible Minerals Initiative (“RMI”) (formerly known as the Conflict-Free Sourcing Initiative) Conflict Minerals Reporting Template (“CMRT”), which is a commonly accepted worldwide reporting tool for conflict minerals content and sourcing information. The CMRT asked the suppliers, among other things, to disclose the origin of any conflict minerals used in their manufacturing processes and to identify the conflict minerals processing facilities within their respective supply chains.

In total, the Company surveyed 30 of its suppliers, which were all of the suppliers the Company identified as providing components for its products that may contain conflict minerals. The Company received responses from 93% of the suppliers surveyed.

As the Company is a downstream purchaser of products that may contain conflict minerals, the Company’s due diligence measures can provide only reasonable assurance regarding the country of origin of the conflict minerals. Despite having conducted a good faith RCOI, there are inherent limitations in the information provided by third parties, including the possibility of information being inaccurate, incomplete or falsified, despite the Company’s efforts to validate and confirm the information. Based on the survey results obtained, at this time the Company is unable to determine with any reasonable degree of certainty the origin of the conflict minerals in its product lines, and therefore cannot exclude the possibility that some may have originated in the Covered Countries.

3. Due Diligence

The Company’s due diligence procedures were designed to conform, in all material respects, to the Organization for Economic Co-operation and Development’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, including the related supplements for gold, tin, tantalum and tungsten (the “OECD Guidance”). In accordance with the OECD Guidance, the Company took the following measures as part of its due diligence process:

i.Established and Maintains a Company Management System
1.Adopted and maintains a Conflict Minerals Policy
2.Established and maintains an internal conflict minerals management committee
3.Communicated with its direct suppliers through the above-described RCOI
4.Maintained conflict-free sourcing requirements in standard terms and conditions for suppliers
5.Maintained supplier qualification processes that include, among other compliance inquiries, questions regarding conflict minerals programs

ii.Identified and Assessed Supply Chain Risks
1.Maintains a process to review all the individual components of the Company’s current products to identify which products may contain conflict minerals and categorize such materials by commodity
2.Through its procurement center of excellence, identified the suppliers through which components that may contain conflict minerals are sourced
3.Conducted the RCOI described above to identify the smelters and refiners that contribute conflict minerals to the Company’s products
        2



4.Reviewed and compared the smelters and refiners identified by suppliers against the list of facilities that are in compliance with the Responsible Minerals Assurance Process assessment protocols (“RMAP”) established by the RMI

iii.Designed and Implemented a Strategy to Respond to Risks
1.Conducted follow up with direct suppliers who did not respond to the survey request or provided incomplete responses
2.Collaborated with our direct suppliers to investigate any smelter that did not have a conflict free designation or was not in the process of recertifying for such designation

The Company does not have a direct relationship with smelters or refiners and does not perform audits of these entities within its supply chain.

4.  Due Diligence Results

The Company solicited 30 direct suppliers and received a response from 93% of them. 79% of the responding suppliers stated that the material they supply to the Company either does not contain conflict minerals that originated from Covered Countries or that 100% of the conflict minerals originated from recycled or scrap sources.

From the information provided to the Company from its suppliers, 330 smelters or refiners were identified in the Company’s supply chain. 323 (98%) are participating in the RMAP and are either in compliance with the RMAP or are active in the application process. The Company continues to monitor and evaluate all its direct suppliers and the smelters and refiners they report with the goal of full compliance with the RMAP.

Below are the smelters or refiners participating in the RMAP, as reported by the Company’s suppliers:

MetalSmelter NameSmelter CountrySmelter Identification #
GoldAdvanced Chemical CompanyUNITED STATES OF AMERICACID000015
GoldAida Chemical Industries Co., Ltd.JAPANCID000019
GoldAllgemeine Gold-und Silberscheideanstalt A.G.GERMANYCID000035
GoldAlmalyk Mining and Metallurgical Complex (AMMC)UZBEKISTANCID000041
GoldAngloGold Ashanti Corrego do Sitio MineracaoBRAZILCID000058
GoldArgor-Heraeus S.A.SWITZERLANDCID000077
GoldAsahi Pretec Corp.JAPANCID000082
GoldAsaka Riken Co., Ltd.JAPANCID000090
GoldAtasay Kuyumculuk Sanayi Ve Ticaret A.S.TURKEYCID000103
GoldAurubis AGGERMANYCID000113
GoldBangko Sentral ng Pilipinas (Central Bank of the Philippines)PHILIPPINESCID000128
GoldBoliden ABSWEDENCID000157
GoldC. Hafner GmbH + Co. KGGERMANYCID000176
GoldCaridadMEXICOCID000180
GoldCCR Refinery - Glencore Canada CorporationCANADACID000185
        3



GoldCendres + Metaux S.A.SWITZERLANDCID000189
GoldYunnan Copper Industry Co., Ltd.CHINACID000197
GoldChimet S.p.A.ITALYCID000233
GoldChugai MiningJAPANCID000264
GoldDaejin Indus Co., Ltd.KOREA, REPUBLIC OFCID000328
GoldDaye Non-Ferrous Metals Mining Ltd.CHINACID000343
GoldDSC (Do Sung Corporation)KOREA, REPUBLIC OFCID000359
GoldDODUCO GmbHGERMANYCID000362
GoldDowaJAPANCID000401
GoldEco-System Recycling Co., Ltd.JAPANCID000425
GoldOJSC Novosibirsk RefineryRUSSIAN FEDERATIONCID000493
GoldRefinery of Seemine Gold Co., Ltd.CHINACID000522
GoldGuoda Safina High-Tech Environmental Refinery Co., Ltd.CHINACID000651
GoldHangzhou Fuchunjiang Smelting Co., Ltd.CHINACID000671
GoldHeeSung Metal Ltd.KOREA, REPUBLIC OFCID000689
GoldHeimerle + Meule GmbHGERMANYCID000694
GoldHeraeus Metals Hong Kong Ltd.CHINACID000707
GoldHeraeus Precious Metals GmbH & Co. KGGERMANYCID000711
GoldHunan Chenzhou Mining Co., Ltd.CHINACID000767
GoldHwaSeong CJ CO., LTD.KOREA, REPUBLIC OFCID000778
GoldInner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.CHINACID000801
GoldIshifuku Metal Industry Co., Ltd.JAPANCID000807
GoldIstanbul Gold RefineryTURKEYCID000814
GoldJapan MintJAPANCID000823
GoldJiangxi Copper Co., Ltd.CHINACID000855
GoldAsahi Refining USA Inc.UNITED STATES OF AMERICACID000920
GoldAsahi Refining Canada Ltd.CANADACID000924
GoldJSC Ekaterinburg Non-Ferrous Metal Processing PlantRUSSIAN FEDERATIONCID000927
GoldJSC UralelectromedRUSSIAN FEDERATIONCID000929
GoldJX Nippon Mining & Metals Co., Ltd.JAPANCID000937
GoldKazakhmys Smelting LLCKAZAKHSTANCID000956
GoldKazzincKAZAKHSTANCID000957
GoldKennecott Utah Copper LLCUNITED STATES OF AMERICACID000969
GoldKojima Chemicals Co., Ltd.JAPANCID000981
GoldKyrgyzaltyn JSCKYRGYZSTANCID001029
GoldL'azurde Company For JewelrySAUDI ARABIACID001032
GoldLingbao Gold Co., Ltd.CHINACID001056
GoldLingbao Jinyuan Tonghui Refinery Co., Ltd.CHINACID001058
GoldLS-NIKKO Copper Inc.KOREA, REPUBLIC OFCID001078
        4



GoldLuoyang Zijin Yinhui Gold Refinery Co., Ltd.CHINACID001093
GoldMaterionUNITED STATES OF AMERICACID001113
GoldMatsuda Sangyo Co., Ltd.JAPANCID001119
GoldMetalor Technologies (Suzhou) Ltd.CHINACID001147
GoldMetalor Technologies (Hong Kong) Ltd.CHINACID001149
GoldMetalor Technologies (Singapore) Pte., Ltd.SINGAPORECID001152
GoldMetalor Technologies S.A.SWITZERLANDCID001153
GoldMetalor USA Refining CorporationUNITED STATES OF AMERICACID001157
GoldMetalurgica Met-Mex Penoles S.A. De C.V.MEXICOCID001161
GoldMitsubishi Materials CorporationJAPANCID001188
GoldMitsui Mining and Smelting Co., Ltd.JAPANCID001193
GoldMoscow Special Alloys Processing PlantRUSSIAN FEDERATIONCID001204
GoldNadir Metal Rafineri San. Ve Tic. A.S.TURKEYCID001220
GoldNavoi Mining and Metallurgical CombinatUZBEKISTANCID001236
GoldNihon Material Co., Ltd.JAPANCID001259
GoldElemetal Refining, LLCUNITED STATES OF AMERICACID001322
GoldOhura Precious Metal Industry Co., Ltd.JAPANCID001325
GoldOJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet)RUSSIAN FEDERATIONCID001326
GoldPAMP S.A.SWITZERLANDCID001352
GoldPenglai Penggang Gold Industry Co., Ltd.CHINACID001362
GoldPrioksky Plant of Non-Ferrous MetalsRUSSIAN FEDERATIONCID001386
GoldPT Aneka Tambang (Persero) TbkINDONESIACID001397
GoldPX Precinox S.A.SWITZERLANDCID001498
GoldRand Refinery (Pty) Ltd.SOUTH AFRICACID001512
GoldRoyal Canadian MintCANADACID001534
GoldSabin Metal Corp.UNITED STATES OF AMERICACID001546
GoldSamduck Precious MetalsKOREA, REPUBLIC OFCID001555
GoldSamwon Metals Corp.KOREA, REPUBLIC OFCID001562
GoldSchone Edelmetaal B.V.NETHERLANDSCID001573
GoldSEMPSA Joyeria Plateria S.A.SPAINCID001585
GoldShandong Tiancheng Biological Gold Industrial Co., Ltd.CHINACID001619
GoldShandong Zhaojin Gold & Silver Refinery Co., Ltd.CHINACID001622
GoldSichuan Tianze Precious Metals Co., Ltd.CHINACID001736
GoldSo Accurate Group, Inc.UNITED STATES OF AMERICACID001754
GoldSOE Shyolkovsky Factory of Secondary Precious MetalsRUSSIAN FEDERATIONCID001756
GoldSolar Applied Materials Technology Corp.TAIWAN, PROVINCE OF CHINACID001761
        5



GoldSumitomo Metal Mining Co., Ltd.JAPANCID001798
GoldTanaka Kikinzoku Kogyo K.K.JAPANCID001875
GoldGreat Wall Precious Metals Co., Ltd. of CBPMCHINACID001909
GoldChina's Shandong Gold Mining Co., LtdCHINACID001916
GoldTokuriki Honten Co., Ltd.JAPANCID001938
GoldTongling Nonferrous Metals Group Co., Ltd.CHINACID001947
GoldTorecomKOREA, REPUBLIC OFCID001955
GoldUmicore Brasil Ltda.BRAZILCID001977
GoldUmicore S.A. Business Unit Precious Metals RefiningBELGIUMCID001980
GoldUnited Precious Metal Refining, Inc.UNITED STATES OF AMERICACID001993
GoldValcambi S.A.SWITZERLANDCID002003
GoldWestern Australian Mint (T/a The Perth Mint)AUSTRALIACID002030
GoldYamamoto Precious Metal Co., Ltd.JAPANCID002100
GoldYokohama Metal Co., Ltd.JAPANCID002129
GoldZhongyuan Gold Smelter of Zhongjin Gold CorporationCHINACID002224
GoldGold Refinery of Zijin Mining Group Co., Ltd.CHINACID002243
GoldMorris and WatsonNEW ZEALANDCID002282
GoldSAFINA A.S.CZECH REPUBLICCID002290
GoldGuangdong Jinding Gold LimitedCHINACID002312
GoldUmicore Precious Metals ThailandTHAILANDCID002314
GoldGeib Refining CorporationUNITED STATES OF AMERICACID002459
GoldMMTC-PAMP India Pvt., Ltd.INDIACID002509
GoldRepublic Metals CorporationUNITED STATES OF AMERICACID002510
GoldKGHM Polska Miedz Spolka AkcyjnaPOLANDCID002511
GoldFidelity Printers and Refiners Ltd.ZIMBABWECID002515
GoldSingway Technology Co., Ltd.TAIWAN, PROVINCE OF CHINACID002516
GoldAl Etihad Gold LLCUNITED ARAB EMIRATESCID002560
GoldEmirates Gold DMCCUNITED ARAB EMIRATESCID002561
GoldKaloti Precious MetalsUNITED ARAB EMIRATESCID002563
GoldSudan Gold RefinerySUDANCID002567
GoldAbington Reldan Metals, LLCUNITED STATES OF AMERICACID002708
GoldAU Traders and RefinersSOUTH AFRICACID002850
GoldBangalore RefineryINDIACID002863
GoldT.C.A S.p.AITALYCID002580
GoldRemondis Argentia B.V.NETHERLANDSCID002582
GoldTony Goetz NVBELGIUMCID002587
GoldDegussa Sonne / Mond Goldhandel GmbHGERMANYCID002867
GoldKorea Zinc Co., Ltd.KOREA, REPUBLIC OFCID002605
GoldMarsam MetalsBRAZILCID002606
        6



GoldTOO Tau-Ken-AltynKAZAKHSTANCID002615
GoldGCC Gujrat Gold Centre Pvt. Ltd.INDIACID002852
GoldSAAMPFRANCECID002761
GoldL'Orfebre S.A.ANDORRACID002762
GoldItalpreziosiITALY CID002765
GoldSAXONIA Edelmetalle GmbHGERMANYCID002777
GoldWIELAND Edelmetalle GmbHGERMANYCID002778
GoldOgussa Osterreichische Gold- und Silber-Scheideanstalt GmbHAUSTRIACID002779
GoldKyshtym Copper-Electrolytic Plant ZAORUSSIAN FEDERATIONCID002865
GoldModeltech Sdn BhdMALAYSIACID002857
GoldSai RefineryINDIACID002853
GoldUniversal Precious Metals Refining ZambiaZAMBIACID002854
GoldMorris and Watson Gold CoastAUSTRALIACID002866
GoldSafimet S.p.AITALYCID002973
GoldPease & CurrenUNITED STATES OF AMERICACID002872
GoldSungEel HiMetal Co., Ltd.KOREA, REPUBLIC OFCID002918
GoldPlanta Recuperadora de Metales SpACHILECID002919
GoldState Research Institute Center for Physical Sciences and TechnologyLITHUANIACID003153
GoldAfrican Gold RefineryUGANDACID003185
GoldNH Recytech CompanyKOREA, REPUBLIC OFCID003189
GoldDS PRETECH Co., Ltd.KOREA, REPUBLIC OFCID003195
TantalumAsaka Riken Co., Ltd.JAPANCID000092
TantalumChangsha South Tantalum Niobium Co., Ltd.CHINACID000211
TantalumGuangdong Rising Rare Metals-EO Materials Ltd.CHINACID000291
TantalumDuoluoshanCHINACID000410
TantalumExotech Inc.UNITED STATES OF AMERICACID000456
TantalumF&X Electro-Materials Ltd.CHINACID000460
TantalumGuangdong Zhiyuan New Material Co., Ltd.CHINACID000616
TantalumHi-Temp Specialty Metals, Inc.UNITED STATES OF AMERICACID000731
TantalumJiuJiang JinXin Nonferrous Metals Co., Ltd.CHINACID000914
TantalumJiujiang Tanbre Co., Ltd.CHINACID000917
TantalumKing-Tan Tantalum Industry Ltd.CHINACID000973
TantalumLSM Brasil S.A.BRAZILCID001076
TantalumMetallurgical Products India Pvt., Ltd.INDIACID001163
TantalumMineracao Taboca S.A.BRAZILCID001175
TantalumMitsui Mining and Smelting Co., Ltd.JAPANCID001192
TantalumNPM Silmet ASESTONIACID001200
TantalumNingxia Orient Tantalum Industry Co., Ltd.CHINACID001277
TantalumQuantumCleanUNITED STATES OF AMERICACID001508
        7



TantalumRFH Tantalum Smeltery Co., Ltd./Yanling Jincheng Tantalum & Niobium Co., Ltd.CHINACID001522
TantalumSolikamsk Magnesium Works OAORUSSIAN FEDERATIONCID001769
TantalumTaki Chemical Co., Ltd.JAPANCID001869
TantalumTelex MetalsUNITED STATES OF AMERICACID001891
TantalumUlba Metallurgical Plant JSCKAZAKHSTANCID001969
TantalumZhuzhou Cemented Carbide Group Co., Ltd.CHINACID002232
TantalumYichun Jin Yang Rare Metal Co., Ltd.CHINACID002307
TantalumHengyang King Xing Lifeng New Materials Co., Ltd.CHINACID002492
TantalumD Block Metals, LLCUNITED STATES OF AMERICACID002504
TantalumFIR Metals & Resource Ltd.CHINACID002505
TantalumJiujiang Zhongao Tantalum & Niobium Co., Ltd.CHINACID002506
TantalumXinXing HaoRong Electronic Material Co., Ltd.CHINACID002508
TantalumJiangxi Dinghai Tantalum & Niobium Co., Ltd.CHINACID002512
TantalumKEMET Blue MetalsMEXICOCID002539
TantalumH.C. Starck Co., Ltd.THAILANDCID002544
TantalumH.C. Starck Tantalum and Niobium GmbHGERMANYCID002545
TantalumH.C. Starck Hermsdorf GmbHGERMANYCID002547
TantalumH.C. Starck Inc.UNITED STATES OF AMERICACID002548
TantalumH.C. Starck Ltd.JAPANCID002549
TantalumH.C. Starck Smelting GmbH & Co. KGGERMANYCID002550
TantalumGlobal Advanced Metals BoyertownUNITED STATES OF AMERICACID002557
TantalumGlobal Advanced Metals AizuJAPANCID002558
TantalumKEMET Blue PowderUNITED STATES OF AMERICACID002568
TantalumResind Industria e Comercio Ltda.BRAZILCID002707
TantalumJiangxi Tuohong New Raw MaterialCHINACID002842
TantalumPower Resources Ltd.MACEDONIA, THE FORMER YUGOSLAV REPUBLIC OFCID002847
TantalumJiujiang Janny New Material Co., Ltd.CHINACID003191
TinChina Yunnan Tin Co Ltd.CHINACID002180
TinChenzhou Yunxiang Mining and Metallurgy Co., Ltd.CHINACID000228
TinJiangxi Ketai Advanced Material Co., Ltd.CHINACID000244
TinCNMC (Guangxi) PGMA Co., Ltd.CHINACID000278
TinAlphaUNITED STATES OF AMERICACID000292
TinCooperativa Metalurgica de Rondonia Ltda.BRAZILCID000295
TinCV Gita PesonaINDONESIACID000306
TinPT JustindoINDONESIACID000307
TinPT Aries Kencana SejahteraINDONESIACID000309
TinCV Serumpun SebalaiINDONESIACID000313
TinCV United SmeltingINDONESIACID000315
        8



TinDowaJAPANCID000402
TinEM VintoBOLIVIA (PLURINATIONAL STATE OF)CID000438
TinEstanho de Rondonia S.A.BRAZILCID000448
TinFenix MetalsPOLANDCID000468
TinGejiu Non-Ferrous Metal Processing Co., Ltd.CHINACID000538
TinGejiu Zili Mining And Metallurgy Co., Ltd.CHINACID000555
TinHuichang Jinshunda Tin Co., Ltd.CHINACID000760
TinGejiu Kai Meng Industry and Trade LLCCHINACID000942
TinChina Tin Group Co., Ltd.CHINACID001070
TinMalaysia Smelting Corporation (MSC)MALAYSIACID001105
TinMetallic Resources, Inc.UNITED STATES OF AMERICACID001142
TinMineracao Taboca S.A.BRAZILCID001173
TinMinsurPERUCID001182
TinMitsubishi Materials CorporationJAPANCID001191
TinNankang Nanshan Tin Manufactory Co., Ltd.CHINACID001231
TinO.M. Manufacturing (Thailand) Co., Ltd.THAILANDCID001314
TinOperaciones Metalurgical S.A.BOLIVIA (PLURINATIONAL STATE OF)CID001337
TinPT Artha Cipta LanggengINDONESIACID001399
TinPT Babel Inti PerkasaINDONESIACID001402
TinPT Bangka Tin IndustryINDONESIACID001419
TinPT Belitung Industri SejahteraINDONESIACID001421
TinPT Bukit TimahINDONESIACID001428
TinPT DS Jaya AbadiINDONESIACID001434
TinPT Eunindo Usaha MandiriINDONESIACID001438
TinPT Karimun MiningINDONESIACID001448
TinPT Mitra Stania PrimaINDONESIACID001453
TinPT Panca Mega PersadaINDONESIACID001457
TinPT Prima Timah UtamaINDONESIACID001458
TinPT Refined Bangka TinINDONESIACID001460
TinPT Sariwiguna BinasentosaINDONESIACID001463
TinPT Stanindo Inti PerkasaINDONESIACID001468
TinPT Sumber Jaya IndahINDONESIACID001471
TinPT Timah (Persero) Tbk KundurINDONESIACID001477
TinPT Timah (Persero) Tbk MentokINDONESIACID001482
TinPT Tinindo Inter NusaINDONESIACID001490
TinPT Tommy UtamaINDONESIACID001493
TinRui Da HungTAIWAN, PROVINCE OF CHINACID001539
TinSoft Metais Ltda.BRAZILCID001758
TinThaisarcoTHAILANDCID001898
        9



TinGejiu Yunxin Nonferrous Electrolysis Co., Ltd.CHINACID001908
TinVQB Mineral and Trading Group JSCVIET NAMCID002015
TinWhite Solder Metalurgia e Mineracao Ltda.BRAZILCID002036
TinYunnan Chengfeng Non-ferrous Metals Co., Ltd.CHINACID002158
TinYunnan Tin Company, Ltd.CHINACID002180
TinCV Venus Inti PerkasaINDONESIACID002455
TinMagnu's Minerais Metais e Ligas Ltda.BRAZILCID002468
TinMelt Metais e Ligas S.A.BRAZILCID002500
TinPT ATD Makmur Mandiri JayaINDONESIACID002503
TinO.M. Manufacturing Philippines, Inc.PHILIPPINESCID002517
TinPT Inti Stania PrimaINDONESIACID002530
TinCV Ayi JayaINDONESIACID002570
TinAn Thai Minerals Co., Ltd.VIET NAMCID002825
TinAn Vinh Joint Stock Mineral Processing CompanyVIET NAMCID002703
TinElectro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock CompanyVIET NAMCID002572
TinNghe Tinh Non-Ferrous Metals Joint Stock CompanyVIET NAMCID002573
TinTuyen Quang Non-Ferrous Metals Joint Stock CompanyVIET NAMCID002574
TinCV Dua SekawanINDONESIACID002592
TinCV Tiga SekawanINDONESIACID002593
TinElmet S.L.U.SPAINCID002774
TinPT Cipta Persada MuliaINDONESIACID002696
TinResind Industria e Comercio Ltda.BRAZILCID002706
TinGejiu Fengming Metallurgy Chemical PlantCHINACID002848
TinGejiu Jinye Mineral CompanyCHINACID002859
TinGuangdong Hanhe Non-Ferrous Metal Co., Ltd.CHINACID003116
TinGuanyang Guida Nonferrous Metal Smelting PlantCHINACID002849
TinSuper LigasBRAZILCID002756
TinPT O.M. IndonesiaINDONESIACID002757
TinHuiChang Hill Tin Industry Co., Ltd.CHINACID002844
TinMetallo Belgium N.V.BELGIUMCID002773
TinPT Bangka Prima TinINDONESIACID002776
TinPT Sukses Inti MakmurINDONESIACID002816
TinPT Kijang Jaya MandiriINDONESIACID002829
TinPT Menara Cipta MuliaINDONESIACID002835
TinModeltech Sdn BhdMALAYSIACID002858
TinPT Lautan Harmonis SejahteraINDONESIACID002870
TinChifeng Dajingzi Tin Industry Co., Ltd.CHINACID003190
TinPT Bangka SerumpunINDONESIACID003205
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TinPongpipat Company LimitedMYANMARCID003208
TungstenA.L.M.T. TUNGSTEN Corp.JAPANCID000004
TungstenKennametal HuntsvilleUNITED STATES OF AMERICACID000105
TungstenGuangdong Xianglu Tungsten Co., Ltd.CHINACID000218
TungstenChongyi Zhangyuan Tungsten Co., Ltd.CHINACID000258
TungstenDayu Weiliang Tungsten Co., Ltd.CHINACID000345
TungstenFujian Jinxin Tungsten Co., Ltd.CHINACID000499
TungstenGlobal Tungsten & Powders Corp.UNITED STATES OF AMERICACID000568
TungstenHunan Chenzhou Mining Co., Ltd.CHINACID000766
TungstenHunan Chunchang Nonferrous Metals Co., Ltd.CHINACID000769
TungstenJapan New Metals Co., Ltd.JAPANCID000825
TungstenGanzhou Huaxing Tungsten Products Co., Ltd.CHINACID000875
TungstenKennametal FallonUNITED STATES OF AMERICACID000966
TungstenTejing (Vietnam) Tungsten Co., Ltd.VIET NAMCID001889
TungstenVietnam Youngsun Tungsten Industry Co., Ltd.VIET NAMCID002011
TungstenWolfram Bergbau und Hutten AGAUSTRIACID002044
TungstenXiamen Tungsten Co., Ltd.CHINACID002082
TungstenXinhai Rendan Shaoguan Tungsten Co., Ltd.CHINACID002095
TungstenJiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd.CHINACID002313
TungstenGanzhou Jiangwu Ferrotungsten Co., Ltd.CHINACID002315
TungstenJiangxi Yaosheng Tungsten Co., Ltd.CHINACID002316
TungstenJiangxi Xinsheng Tungsten Industry Co., Ltd.CHINACID002317
TungstenJiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.CHINACID002318
TungstenMalipo Haiyu Tungsten Co., Ltd.CHINACID002319
TungstenXiamen Tungsten (H.C.) Co., Ltd.CHINACID002320
TungstenJiangxi Gan Bei Tungsten Co., Ltd.CHINACID002321
TungstenGanzhou Seadragon W & Mo Co., Ltd.CHINACID002494
TungstenAsia Tungsten Products Vietnam Ltd.VIET NAMCID002502
TungstenChenzhou Diamond Tungsten Products Co., Ltd.CHINACID002513
TungstenJiangxi Xiushui Xianggan Nonferrous Metals Co., Ltd.CHINACID002535
TungstenGanzhou Yatai Tungsten Co., Ltd.CHINACID002536
TungstenH.C. Starck Tungsten GmbHGERMANYCID002541
TungstenH.C. Starck Smelting GmbH & Co. KGGERMANYCID002542
TungstenNui Phao H.C. Starck Tungsten Chemicals Manufacturing LLCVIETNAMCID002543
TungstenJiangwu H.C. Starck Tungsten Products Co., Ltd.CHINACID002551
TungstenACL Metais EireliBRAZILCID002833
TungstenHunan Chuangda Vanadium Tungsten Co., Ltd. WujiCHINACID002579
TungstenNiagara Refining LLCUNITED STATES OF AMERICACID002589
TungstenGanzhou Haichuang Tungsten Co., Ltd.CHINACID002645
        11



TungstenJiangxi Dayu Longxintai Tungsten Co., Ltd.CHINACID002647
TungstenHydrometallurg, JSCRUSSIAN FEDERATIONCID002649
TungstenUnecha Refractory metals plantRUSSIAN FEDERATIONCID002724
TungstenSouth-East Nonferrous Metal Company Limited of Hengyang CityCHINACID002815
TungstenPhilippine Chuangxin Industrial Co., Inc.PHILIPPINESCID002827
TungstenXinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd.CHINACID002830
TungstenMoliren Ltd.RUSSIAN FEDERATIONCID002845
TungstenWoltech Korea Co., Ltd.KOREA, REPUBLIC OFCID002843


5. Future Mitigation Strategy

The Company will continue to communicate its expectations with respect to sourcing of conflict minerals to its direct suppliers. The Company will also continue to make inquiries to its direct suppliers and provide training and guidance regarding such expectations as appropriate. If the Company determines that any supplier is, or a reasonable risk exists that a supplier may be, sourcing conflict minerals from smelters that are not participating in the RMAP, the Company will require the supplier to devise and undertake suitable corrective action to move to a RMAP compliant source. If appropriate action is not taken by the supplier, the Company will look to alternative sources for the product.

Forward-Looking Statements

This Report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the current views of the Company with respect to current expectations or forecasts of future events. These statements include, but are not limited to, forward-looking statements with respect to the Company’s intended additional steps to mitigate the risk that its necessary conflict minerals finance or benefit armed groups in the Covered Countries. Statements that include the words “may,” “expects,” “plans,” “anticipates,” “estimates,” “believes,” “potential,” “projects,” “forecasts,” “intends,” or the negative thereof or other comparable terminology and similar statements of a future or forward-looking nature identify forward-looking statements for purposes of the federal securities laws or otherwise.

Such forward-looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond the Company’s control and could cause actions or performance to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to, (1) the continued implementation of compliance measures by the Company’s suppliers on a timely basis or at all, (2) whether market participants responsibly source subject metals, and (3) political and regulatory developments, whether in the Covered Countries or elsewhere. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of filing of this report. The Company undertakes no obligation to update or revise forward-looking statements except as required by law.

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