UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM SD
SPECIALIZED DISCLOSURE REPORT



Veoneer, Inc.
(Exact name of registrant as specified in its charter)


Delaware 001-38471 51-3720890
(State or other jurisdiction of
incorporation or organization)
 (Commission
File Number)
 (I.R.S. Employer
Identification No.)
 
 
Klarabergsviadukten 70, Section C, 6th floor
Box 13089, SE-111 24 Stockholm, Sweden
 N/A
(Address of principal executive offices) (Zip Code)
 
 
Nishant Batra, Executive Vice President and Chief Technology Officer
+46 8 587 76 200
(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:
 
xRule 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
This Form SD of Veoneer, Inc. (the “Company”) is filed pursuant to Rule 13p-1 promulgated under the Securities Exchange Act of 1934, as amended, for the reporting period January 1, 2019 to December 31, 2019.

Conflict Minerals Disclosure
A copy of the Company’s Conflict Minerals Report is provided as Exhibit 1.01 to this Form SD and is publicly available at https://www.veoneer.com/en/supply-chain.

Forward-Looking Statements
This Specialized Disclosure Report on Form SD, including the Conflict Minerals Report exhibit, contains forward-looking statements that are based upon management’s expectations and beliefs concerning future events. Certain matters contained herein concerning the future, including risk mitigation steps, constitute forward-looking statements and are based upon management’s expectations and beliefs. There can be no assurance that these future events will occur as anticipated. Forward-looking statements speak only as of the date they were made, and we undertake no obligation to publicly update them. For a description of certain factors that could cause our future results to differ materially from those expressed in any forward-looking statement, see Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2019, entitled “Risk Factors.”

Item 1.02 Exhibit
The Conflict Minerals Report required by Item 1.01 is filed as Exhibit 1.01 to this Form SD.

Section 2 - EXHIBITS 

Item 2.01 Exhibits
The following exhibit is filed as part of this report.
Exhibit No.Description



SIGNATURE
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 undersigned thereunto duly authorized.
 
Date: May 29, 2020
/s/ Nishant Batra
  Nishant Batra
  
Executive Vice President, Chief Technology Officer



Document

Exhibit 1.01
Conflict Minerals Report
In accordance with Rule 13p-1 under the Securities Exchange Act of 1934

Introduction

This Conflict Minerals Report (“Report”) of Veoneer, Inc. (“Veoneer” or the “Company” or “we”) for the year ended December 31, 2019 is presented to comply with Rule 13p-1 under the Securities Exchange Act of 1934 (“Rule”). Defined terms in this Report that are not otherwise defined herein are defined in the Rule and SEC Release No. 34-67716 issued by the Securities and Exchange Commission on August 22, 2012.

Conflict Minerals Program

Overview

Veoneer develops, manufactures and supplies active safety electronics products to the automotive industry. As a supplier of automotive safety electronics products, we are knowledgeable of the design and material content of our products and the processes used to produce them. As a result, we have determined that many of our products contain gold, columbite-tantalite (coltan), cassiterite, wolframite, and their derivatives, tantalum, tin and tungsten (collectively, the “Covered Minerals”) necessary to the functionality or production of those products.

Pursuant to the Rule, we undertook a reasonable country of origin inquiry (“RCOI”) and performed due diligence measures on the source and chain of custody of the necessary Covered Minerals in our products that we had reason to believe may have originated from the Democratic Republic of the Congo (“DRC”) or an adjoining country (collectively defined as the “Covered Countries”) and may not have come from recycled or scrap sources, to determine whether such products were “DRC conflict free”. We use the term “conflict free” in this Report in a broader sense to refer to suppliers, supply chains, smelters and refiners whose sources of Covered Minerals did not or do not directly or indirectly finance or benefit armed groups in the Covered Countries.

Policy

As part of the company management systems described further below, we implemented a Conflict Minerals policy that prohibits human rights abuses associated with the extraction, transport or trade of minerals. We also prohibit any direct or indirect support to non-state armed groups or security forces that illegally control or tax mine sites, transport routes, trade points or any upstream actors in the supply chain. We require the parties in our supply chain to agree to follow the same principles and we are working with our supply chain to improve traceability of minerals and ensure responsible sourcing. Suppliers who manufacture components, parts, or products containing Covered Minerals must commit to only sourcing those materials from environmentally and socially responsible sources. A link to Veoneer’s Policy on Conflict Minerals can be found at https://www.veoneer.com/en/governance. The websites referenced herein and the information accessible through such websites are not incorporated into this specialized disclosure report.

Description of Products

As of December 31, 2019, we operated our core business along two operating segments: Electronics and Brake Systems.

As of December 31, 2019, our Electronics reporting segment consisted of our active safety and restraint control systems product areas. Our Brake Systems reporting segment consisted of our brake systems products, which were products developed by Veoneer-Nissin Brake Systems (VNBS), our joint venture with Nissin-Kogyo Co. Ltd., and Veoneer Brake Systems, LLC in the U.S.

On October 30, 2019, Veoneer signed agreements (the "Definitive Agreements") to sell its 51% ownership in Veoneer Nissin Brake Japan ("VNBJ") and Veoneer Nissin Brake China ("VNBZ") entities that comprise VNBS to its joint venture partner, Nissin-Kogyo Co., Ltd., and Honda Motor Co., Ltd. The transaction was completed on February 3, 2020 under the Definitive Agreements, and the VNBS joint venture was terminated.



Active Safety Products

Active safety systems are designed to intervene before a collision to make accidents avoidable or reduce the severity of the crash in addition to making driving easier as well as more comfortable and convenient.

We develop, manufacture and sell radar and vision technologies that monitor the environment around a vehicle with features that adjust engine output and steering or braking to avoid accidents. The goal of active safety technologies is to provide early warnings to alert drivers to take timely and appropriate action or trigger intelligent systems that affect the vehicle’s motion using braking and steering to avoid accidents, as well as to increase the comfort and convenience of driving. Active safety systems can also improve the effectiveness of the restraint control systems which combine hazard information with traditional crash-sensing methods.

Active safety functions include: Autonomous Emergency Braking, which brakes a vehicle autonomously; Adaptive Cruise Control, which keeps and adjusts the vehicle’s pre-set speed to keep a pre-set distance from vehicles ahead; Traffic Jam Assist and Highway Assist, which takes control of braking and acceleration in slow-moving traffic and highway speed, respectively; Forward Collision Warning; Blind Spot Detection; Rear Cross-Traffic Assist; Lane Departure Warning; Lane Centering Assist, Traffic Sign Detection; Light Source Recognition; Driver Monitoring for attention and drowsiness; Vehicle-to-Vehicle and Vehicle-to-Infrastructure communication; and Night Driving Assist.

Restraint Control Systems

The restraint control system is the brain triggering a vehicle’s passive safety system in a crash situation. Restraint control systems consist of a restraint electronic control unit (“ECU”) and related remote crash sensors, including acceleration and pressure sensors. The ECU’s algorithms decide when a seatbelt pretensioner should be triggered and an airbag system should be deployed.

Brake Systems

Our Brake Systems reporting segment at December 31, 2019, consisted of our brake systems product area, which were those products developed by VNBS and VBS which provide brake control and actuation systems. VNBS and VBS provided products for both traditional and new braking systems which we see as building blocks in the actuator area towards highly automated driving.

VNBS and VBS supplied brake systems, including the brake booster, hydraulic proportioning valves and electronic control module with sensors. The control module can modulate the brake pressure applied on each wheel individually to maintain optimum braking and offers features like Electronic Stability Control (“ESC”), Anti-locking Brakes (“ABS”) and Traction Control System.

Following completion of our due diligence measures, as described below, it was determined that, like many of its peers in the automotive industry, Veoneer’s products contain Covered Minerals. Veoneer considers these Covered Minerals necessary to the functionality or production of a significant portion of its manufactured products in both of its operating segments. This Report covers all products containing Covered Minerals for which the manufacturing process was completed between January 1 and December 31, 2019.

Design of Conflict Minerals Program

We adopted a policy and methodology in accordance with the Organisation for Economic Co-Operation and Development (“OECD”) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, Third Edition, and the related Supplements on Tin, Tantalum and Tungsten and on Gold (the “OECD Framework”), specifically as it relates to our position as a “downstream” purchaser. The five steps of this framework include: (1) establishing strong company management systems, (2) identifying and assessing risk in the supply chain, (3) designing and implementing a strategy to respond to identified risks, (4) carrying out independent third-party audits of smelter/refiner’s due diligence practices and (5) reporting annually on supply chain due diligence.

Description of RCOI

Veoneer conducted an internal analysis to identify products for which Covered Minerals are necessary to the functionality or production of such product and mapped them to their respective suppliers. Veoneer conducted this analysis using the International Material Data System (the “IMDS Database”) as well as Veoneer’s internal purchasing department database. This



process allowed Veoneer to identify in-scope products and the corresponding suppliers, and to supplement any deficiencies in the IMDS Database with the additional information found in the internal database. Through this process, Veoneer identified in total 92 active suppliers who may provide the Company with products that contain Covered Minerals.

The Company then surveyed the identified suppliers using the Automotive Industry Action Group’s “iPoint” platform, which is based on the Conflict Minerals Reporting Template (commonly known as the “CMRT”) published by the Responsible Minerals Initiative (“RMI”) as part of its Responsible Minerals Assurance Process (“RMAP”). For those suppliers not able to use the iPoint platform the Company contacted them directly with the CMRT request. Based on this RCOI and the report of its third-party consultant, the Company had reason to believe that some of the Company’s necessary Covered Minerals may have originated in the Covered Countries and may not have come from recycled or scrap sources. Accordingly, the Company performed due diligence on its supply chain for calendar year 2019, as described in further detail below.

Due Diligence Measures

1.Establish Strong Company Management Systems (OECD Step 1)

Assembled a team of individuals from various relevant functions within the organization to develop and support the process of supply chain due diligence.
Implemented procedures to collect data on Covered Minerals and to aid in the visibility into the Covered Minerals supply chain.
Adopted and communicated a company policy on Covered Minerals to employees and suppliers.
Prepared an informative letter to suppliers describing Veoneer’s position and requirements with regard to Covered Minerals.
Required suppliers to comply with the “Veoneer Supplier Manual” and sign an acknowledgement letter confirming that they understand that all the requirements described in the Veoneer Supplier Manual, including those related to the Covered Minerals, which are mandatory in the supplier’s business relationship with Veoneer.

2.Identify and assess risk in the supply chain (OECD Step 2)

Reviewed responses from suppliers and performed multiple follow-up communications with suppliers who had not responded to Veoneer’s inquiry by a certain date or who provided incomplete and/or inconsistent and possibly incorrect responses.
Engaged a third party to support, review and process the Company’s supplier response data. The design of this third party’s processes was independently reviewed by an outside party against the requirements of Step 2 of the OECD Due Diligence Guidance. The third party performed due diligence in support of the Company’s Conflict Minerals process, which included:

(i) direct engagement of the smelter/refiner to attempt to obtain information regarding whether or not the smelter/refiner sources from the Covered Countries;

(ii) for smelters/refiners that declared directly or through their relevant industry association that they did not source from the Covered Countries, but did not successfully complete an RMAP audit and maintain good standing in the program through 2019 and were therefore not “RMAP Conformant”, review of publicly available information to determine if there was any contrary evidence to the smelter’s/refiner’s declaration (the sources reviewed included: Public internet search (Google) of the facility in combination with each of the covered countries and review of specific NGO publications such as Enough Project, Global Witness, Southern Africa Resource Watch, Radio Okapi and the most recent UN Group of Experts report on the DRC); and

(iii) for smelters that did not respond to direct engagement, review of publicly available sources to determine if there was ‘any reason to believe’ that the smelter may have sourced from the Covered Countries during the reporting period.

3.Design and implementation of a strategy to respond to identified risks (OECD Step 3)

Analyzed the results of the RCOI and, specifically, the responses that contained information causing Veoneer to have a reason to believe that Covered Minerals in its products may have come from the Covered Countries and from smelters were not currently RMAP conformant, and subsequently designed and implemented a strategy to respond to such risks.



Enforced the Veoneer Supplier Manual, which includes a Conflict Minerals section, and applied procedures within the purchasing process to identify non-compliant suppliers and respond to supply chain risks.
Provided periodic progress reports to supply chain management regarding the status of supply chain due diligence.

4.Independent third-party audits of smelter/refiner’s due diligence practices (OECD Step 4)

Since smelter/refinery facilities are the key bottleneck in the global supply chain for minerals, Veoneer monitors the list of facilities that received a “conflict free” designation through the RMAP, the London Bullion Market Association, the Responsible Jewellery Council or other independent third-party audit programs, which designations provide due diligence information on the Covered Minerals sourced by such facilities. Due to the fact that Veoneer, as a downstream purchaser of products, is several steps removed from the smelters/refiners, it has no direct commercial relationships with smelters/refiners. Therefore, Veoneer determined that auditing smelters/refiners at this time would be inappropriate and impracticable and is instead relying on lists of certified conflict free smelters/refiners published by third-parties that have conducted such audits.

5. Report annually on supply chain due diligence (OECD Step 5)

Veoneer has compiled its results and filed this report in accordance with Rule 13p-1 through the use of the Form SD and the attachment of this Report. Veoneer reports annually, and these reports will be available on Veoneer’s corporate website at: https://www.veoneer.com/en/supply-chain.
 
Due Diligence Results for the 2019 Calendar Year

For the reporting period January 1 to December 31, 2019, following our reasonable country of origin inquiry and our due diligence process, we have reason to believe that a portion of the Covered Minerals used in our products originated from the Covered Countries.

Veoneer’s Conflict Minerals process, as described above, allowed Veoneer to identify in-scope products and the corresponding suppliers. Veoneer then conducted a RCOI by surveying 92 identified suppliers, and Veoneer received survey responses from 100% of suppliers that were surveyed. However, the responses were not all satisfactory in all material respects due to incomplete or inconsistent data; therefore, we were unable to determine with certainty the origin of some of the Covered Minerals used in our products. Based on the information collected in our RCOI and due diligence process (and after correction, review and removal of duplicates or otherwise unverified facilities), we determined that the necessary Covered Minerals in our products are processed by our suppliers within 282 smelter/refinery facilities which are on the known smelter lists provided by the RMI, as further described below and in Annex I. We believe thirty-four (34) of these smelters are sourcing, or there is reason to believe they may be sourcing, from the Covered Countries. All of these thirty-four (34) smelters are RMAP Conformant.

Validation under RMI’s RMAP program has been accepted by our industry as a reputable standard for determining whether a smelter or refiner processes Covered Minerals that directly or indirectly finance or benefit armed groups. We rely on the independent third-party audits conducted pursuant to the RMAP as furnishing a reasonable basis to conclude that smelters and refiners validated under such program have control procedures that prevent them from directly or indirectly financing or benefiting armed groups operating in the Covered Countries. Because of industry acceptance of the RMAP, Veoneer found there was no need to independently determine that these validated smelters and refiners sourced Covered Minerals in a manner that does not directly or indirectly finance or benefit armed groups in the Covered Countries
Limitations and Risks in our Inquiry

The due diligence measures we have undertaken may provide only reasonable, but not certain, assurance regarding the source of the necessary Covered Minerals in our products. These measures are dependent on the data supplied by our direct suppliers and the data that those suppliers gather from within their supply chains to identify the original sources of the necessary Covered Minerals. Our assessment is also dependent on the sufficiency of the efforts undertaken and provided by independent third-party audit and verification programs, which may yield inaccurate or incomplete information.

The limitations described above may lead to certain risks, including, but not limited to: insufficiencies in product or product content information, insufficiencies in smelter data, omission or misidentification of suppliers in responses, errors or omissions by smelters in providing correct data to suppliers, lack of understanding regarding regulatory requirements for Covered Minerals disclosures to the SEC and insufficiencies in supplier education and knowledge, errors in or insufficiency of public data, inability of suppliers to provide information on a product-by-product basis, lack of timeliness of data, language barriers



and translation, oversights or errors in conflict free smelter audits and smuggling of Covered Minerals to countries beyond the Covered Countries.

Future Initiatives

The due diligence process discussed above is an ongoing process. As Veoneer continues to conduct due diligence on its products, it will continue to refine and improve procedures to meet the goals and adhere to values set forth in Veoneer’s Policy on Conflict Minerals. We currently expect that these improvements will include consolidation of the process of gathering and consolidating supplier CMRT inputs and smelter due diligence with the same third party provider.

As permitted by Rule 13p-1 and the SEC’s guidance with respect thereto, this Conflict Minerals Report was not subjected to an independent private sector audit.

Caution Concerning Forward-Looking Statements

Certain statements in this Report may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking words such as “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “may,” “likely,” “might,” “would,” “should,” “could,” or the negative of these terms and other comparable terminology, although not all forward-looking statements contain such words. We have based these forward-looking statements on our current expectations and assumptions and/or data available from third parties about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs, which may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and we undertake no obligation to update or revise any forward-looking statement, except as required by law.





ANNEX I
Covered MineralSmelter Name
Gold8853 S.p.A.
GoldAbington Reldan Metals, LLC
GoldAdvanced Chemical Company
GoldAida Chemical Industries Co., Ltd.
GoldAl Etihad Gold Refinery DMCC
GoldAllgemeine Gold-und Silberscheideanstalt A.G.
GoldAlmalyk Mining and Metallurgical Complex (AMMC)
GoldAngloGold Ashanti Corrego do Sitio Mineracao
GoldArgor-Heraeus S.A.
GoldAsahi Pretec Corp.
GoldAsahi Refining Canada Ltd.
GoldAsahi Refining USA Inc.
GoldAsaka Riken Co., Ltd.
GoldAtasay Kuyumculuk Sanayi Ve Ticaret A.S.
GoldAU Traders and Refiners
GoldAurubis AG
GoldBangalore Refinery
GoldBangko Sentral ng Pilipinas (Central Bank of the Philippines)
GoldBoliden AB
GoldC. Hafner GmbH + Co. KG
GoldCaridad
GoldCCR Refinery - Glencore Canada Corporation
GoldCendres + Metaux S.A.
GoldCGR Metalloys Pvt Ltd.
GoldChimet S.p.A.
GoldChugai Mining
GoldDaye Non-Ferrous Metals Mining Ltd.
GoldDegussa Sonne / Mond Goldhandel GmbH
GoldDODUCO Contacts and Refining GmbH
GoldDowa
GoldDS PRETECH Co., Ltd.
GoldDSC (Do Sung Corporation)
GoldEco-System Recycling Co., Ltd.
GoldEmirates Gold DMCC
GoldGCC Gujrat Gold Centre Pvt. Ltd.
GoldGeib Refining Corporation
GoldGold Refinery of Zijin Mining Group Co., Ltd.
GoldGreat Wall Precious Metals Co., Ltd. of CBPM
GoldGuangdong Jinding Gold Limited
GoldGuoda Safina High-Tech Environmental Refinery Co., Ltd.
GoldHangzhou Fuchunjiang Smelting Co., Ltd.
GoldHeeSung Metal Ltd.
GoldHeimerle + Meule GmbH
GoldHeraeus Metals Hong Kong Ltd.
GoldHeraeus Precious Metals GmbH & Co. KG
GoldHunan Chenzhou Mining Group Co., Ltd.
GoldHunan Guiyang yinxing Nonferrous Smelting Co., Ltd.
GoldHwaSeong CJ CO., LTD.
GoldInner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd.
GoldIshifuku Metal Industry Co., Ltd.
GoldIstanbul Gold Refinery
GoldItalpreziosi



GoldJapan Mint
GoldJiangxi Copper Co., Ltd.
GoldJSC Uralelectromed
GoldJX Nippon Mining & Metals Co., Ltd.
GoldKazakhmys Smelting LLC
GoldKazzinc
GoldKennecott Utah Copper LLC
GoldKGHM Polska Miedz Spolka Akcyjna
GoldKojima Chemicals Co., Ltd.
GoldKorea Zinc Co., Ltd.
GoldKyrgyzaltyn JSC
GoldKyshtym Copper-Electrolytic Plant ZAO
GoldL'azurde Company For Jewelry
GoldLingbao Gold Co., Ltd.
GoldLingbao Jinyuan Tonghui Refinery Co., Ltd.
GoldL'Orfebre S.A.
GoldLS-NIKKO Copper Inc.
GoldLuoyang Zijin Yinhui Gold Refinery Co., Ltd.
GoldMarsam Metals
GoldMaterion
GoldMatsuda Sangyo Co., Ltd.
GoldMetalor Technologies (Hong Kong) Ltd.
GoldMetalor Technologies (Singapore) Pte., Ltd.
GoldMetalor Technologies (Suzhou) Ltd.
GoldMetalor Technologies S.A.
GoldMetalor USA Refining Corporation
GoldMetalurgica Met-Mex Penoles S.A. De C.V.
GoldMitsubishi Materials Corporation
GoldMitsui Mining and Smelting Co., Ltd.
GoldMMTC-PAMP India Pvt., Ltd.
GoldModeltech Sdn Bhd
GoldMorris and Watson
GoldMoscow Special Alloys Processing Plant
GoldNadir Metal Rafineri San. Ve Tic. A.S.
GoldNavoi Mining and Metallurgical Combinat
GoldNH Recytech Company
GoldNihon Material Co., Ltd.
GoldOgussa Osterreichische Gold- und Silber-Scheideanstalt GmbH
GoldOhura Precious Metal Industry Co., Ltd.
GoldOJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet)
GoldOJSC Novosibirsk Refinery
GoldPAMP S.A.
GoldPease & Curren
GoldPenglai Penggang Gold Industry Co., Ltd.
GoldPlanta Recuperadora de Metales SpA
GoldPrioksky Plant of Non-Ferrous Metals
GoldPT Aneka Tambang (Persero) Tbk
GoldPX Precinox S.A.
GoldQG Refining, LLC
GoldRand Refinery (Pty) Ltd.
GoldRefinery of Seemine Gold Co., Ltd.
GoldREMONDIS PMR B.V.
GoldRoyal Canadian Mint
GoldSAAMP
GoldSabin Metal Corp.



GoldSafimet S.p.A
GoldSai Refinery
GoldSamduck Precious Metals
GoldSamwon Metals Corp.
GoldSAXONIA Edelmetalle GmbH
GoldSEMPSA Joyeria Plateria S.A.
GoldShandong Humon Smelting Co., Ltd.
GoldShandong Tiancheng Biological Gold Industrial Co., Ltd.
GoldShandong Zhaojin Gold & Silver Refinery Co., Ltd.
GoldSichuan Tianze Precious Metals Co., Ltd.
GoldSingway Technology Co., Ltd.
GoldSOE Shyolkovsky Factory of Secondary Precious Metals
GoldSolar Applied Materials Technology Corp.
GoldSovereign Metals
GoldState Research Institute Center for Physical Sciences and Technology
GoldSumitomo Metal Mining Co., Ltd.
GoldSungEel HiMetal Co., Ltd.
GoldT.C.A S.p.A
GoldTanaka Kikinzoku Kogyo K.K.
GoldThe Refinery of Shandong Gold Mining Co., Ltd.
GoldTokuriki Honten Co., Ltd.
GoldTongling Nonferrous Metals Group Co., Ltd.
GoldTOO Tau-Ken-Altyn
GoldTorecom
GoldUmicore Brasil Ltda.
GoldUmicore Precious Metals Thailand
GoldUmicore S.A. Business Unit Precious Metals Refining
GoldUnited Precious Metal Refining, Inc.
GoldValcambi S.A.
GoldWestern Australian Mint (T/a The Perth Mint)
GoldWIELAND Edelmetalle GmbH
GoldYamakin Co., Ltd.
GoldYokohama Metal Co., Ltd.
GoldYunnan Copper Industry Co., Ltd.
GoldZhongyuan Gold Smelter of Zhongjin Gold Corporation
TantalumAsaka Riken Co., Ltd.
TantalumChangsha South Tantalum Niobium Co., Ltd.
TantalumCP Metals Inc.
TantalumD Block Metals, LLC
TantalumExotech Inc.
TantalumF&X Electro-Materials Ltd.
TantalumFIR Metals & Resource Ltd.
TantalumGlobal Advanced Metals Aizu
TantalumGlobal Advanced Metals Boyertown
TantalumGuangdong Zhiyuan New Material Co., Ltd.
TantalumH.C. Starck Co., Ltd.
TantalumH.C. Starck Hermsdorf GmbH
TantalumH.C. Starck Inc.
TantalumH.C. Starck Ltd.
TantalumH.C. Starck Smelting GmbH & Co. KG
TantalumH.C. Starck Tantalum and Niobium GmbH
TantalumHengyang King Xing Lifeng New Materials Co., Ltd.
TantalumJiangxi Dinghai Tantalum & Niobium Co., Ltd.
TantalumJiangxi Tuohong New Raw Material
TantalumJiuJiang JinXin Nonferrous Metals Co., Ltd.



TantalumJiujiang Tanbre Co., Ltd.
TantalumJiujiang Zhongao Tantalum & Niobium Co., Ltd.
TantalumKEMET Blue Metals
TantalumKEMET Blue Powder
TantalumLSM Brasil S.A.
TantalumMetallurgical Products India Pvt., Ltd.
TantalumMineracao Taboca S.A.
TantalumMitsui Mining and Smelting Co., Ltd.
TantalumNingxia Orient Tantalum Industry Co., Ltd.
TantalumNPM Silmet AS
TantalumPower Resources Ltd.
TantalumQuantumClean
TantalumResind Industria e Comercio Ltda.
TantalumRFH Tantalum Smeltery Co., Ltd./Yanling Jincheng Tantalum & Niobium Co., Ltd.
TantalumSolikamsk Magnesium Works OAO
TantalumTaki Chemical Co., Ltd.
TantalumTelex Metals
TantalumUlba Metallurgical Plant JSC
TantalumXinXing HaoRong Electronic Material Co., Ltd.
TinAlpha
TinAn Vinh Joint Stock Mineral Processing Company
TinChenzhou Yunxiang Mining and Metallurgy Co., Ltd.
TinChifeng Dajingzi Tin Industry Co., Ltd.
TinChina Tin Group Co., Ltd.
TinDongguan CiEXPO Environmental Engineering Co., Ltd.
TinDowa
TinElectro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company
TinEM Vinto
TinEstanho de Rondonia S.A.
TinFenix Metals
TinGejiu Fengming Metallurgy Chemical Plant
TinGejiu Kai Meng Industry and Trade LLC
TinGejiu Non-Ferrous Metal Processing Co., Ltd.
TinGejiu Yunxin Nonferrous Electrolysis Co., Ltd.
TinGejiu Zili Mining And Metallurgy Co., Ltd.
TinGuangdong Hanhe Non-Ferrous Metal Co., Ltd.
TinGuanyang Guida Nonferrous Metal Smelting Plant
TinHuiChang Hill Tin Industry Co., Ltd.
TinHuichang Jinshunda Tin Co., Ltd.
TinJiangxi New Nanshan Technology Ltd.
TinMa'anshan Weitai Tin Co., Ltd.
TinMagnu's Minerais Metais e Ligas Ltda.
TinMalaysia Smelting Corporation (MSC)
TinMelt Metais e Ligas S.A.
TinMetallic Resources, Inc.
TinMetallo Belgium N.V.
TinMetallo Spain S.L.U.
TinMineracao Taboca S.A.
TinMinsur
TinMitsubishi Materials Corporation
TinNghe Tinh Non-Ferrous Metals Joint Stock Company
TinO.M. Manufacturing (Thailand) Co., Ltd.
TinO.M. Manufacturing Philippines, Inc.
TinOperaciones Metalurgicas S.A.
TinPongpipat Company Limited



TinPrecious Minerals and Smelting Limited
TinPT Artha Cipta Langgeng
TinPT ATD Makmur Mandiri Jaya
TinPT Mitra Stania Prima
TinPT Refined Bangka Tin
TinPT Timah Tbk Kundur
TinPT Timah Tbk Mentok
TinResind Industria e Comercio Ltda.
TinRui Da Hung
TinSoft Metais Ltda.
TinSuper Ligas
TinThai Nguyen Mining and Metallurgy Co., Ltd.
TinThaisarco
TinTin Technology & Refining
TinTuyen Quang Non-Ferrous Metals Joint Stock Company
TinWhite Solder Metalurgia e Mineracao Ltda.
TinYunnan Chengfeng Non-ferrous Metals Co., Ltd.
TinYunnan Tin Company Limited
TinYunnan Yunfan Non-ferrous Metals Co., Ltd.
TungstenA.L.M.T. Corp.
TungstenACL Metais Eireli
TungstenAsia Tungsten Products Vietnam Ltd.
TungstenChenzhou Diamond Tungsten Products Co., Ltd.
TungstenChongyi Zhangyuan Tungsten Co., Ltd.
TungstenFujian Ganmin RareMetal Co., Ltd.
TungstenFujian Jinxin Tungsten Co., Ltd.
TungstenGanzhou Haichuang Tungsten Co., Ltd.
TungstenGanzhou Huaxing Tungsten Products Co., Ltd.
TungstenGanzhou Jiangwu Ferrotungsten Co., Ltd.
TungstenGanzhou Seadragon W & Mo Co., Ltd.
TungstenGlobal Tungsten & Powders Corp.
TungstenGuangdong Xianglu Tungsten Co., Ltd.
TungstenH.C. Starck Smelting GmbH & Co. KG
TungstenH.C. Starck Tungsten GmbH
TungstenHunan Chenzhou Mining Co., Ltd.
TungstenHunan Chuangda Vanadium Tungsten Co., Ltd. Wuji
TungstenHunan Chunchang Nonferrous Metals Co., Ltd.
TungstenHunan Litian Tungsten Industry Co., Ltd.
TungstenHydrometallurg, JSC
TungstenJapan New Metals Co., Ltd.
TungstenJiangwu H.C. Starck Tungsten Products Co., Ltd.
TungstenJiangxi Dayu Longxintai Tungsten Co., Ltd.
TungstenJiangxi Gan Bei Tungsten Co., Ltd.
TungstenJiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd.
TungstenJiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd.
TungstenJiangxi Xinsheng Tungsten Industry Co., Ltd.
TungstenJiangxi Yaosheng Tungsten Co., Ltd.
TungstenJSC "Kirovgrad Hard Alloys Plant"
TungstenKennametal Fallon
TungstenKennametal Huntsville
TungstenKGETS Co., Ltd.
TungstenLianyou Metals Co., Ltd.
TungstenMalipo Haiyu Tungsten Co., Ltd.
TungstenMasan Tungsten Chemical LLC (MTC)
TungstenMoliren Ltd.



TungstenNiagara Refining LLC
TungstenPhilippine Chuangxin Industrial Co., Inc.
TungstenTejing (Vietnam) Tungsten Co., Ltd.
TungstenUnecha Refractory metals plant
TungstenWolfram Bergbau und Hutten AG
TungstenWoltech Korea Co., Ltd.
TungstenXiamen Tungsten (H.C.) Co., Ltd.
TungstenXiamen Tungsten Co., Ltd.
TungstenXinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd.
TungstenXinhai Rendan Shaoguan Tungsten Co., Ltd.