In recent years, there has been increased awareness of an extremely violent conflict in the Democratic Republic of Congo (“DRC”) and surrounding countries (together with the DRC, the “Covered Countries”), which has been partially financed by the exploitation and trade of cassiterite, columbite-tantalite, gold, wolframite and three specified derivatives —tin, tantalum, and tungsten (“Conflict Minerals”), by armed groups in the Covered Countries. The adoption of the U.S. Congress bill, HR 4173, specifically with regard to § 1502-Conflict Minerals, origin of so-called conflict minerals (Dodd-Frank Act 1502) is concerned with serious issues and concerns within the supply chain of the relevant raw materials.
To minimizethe financing of Congolese militias and to contribute to the curbing of conflicts in the region. Specifically, this bill deals with the handling of conflict mineralsandtheir derivatives further defined in Section 1502 part E number 1 and 4. Therefore,affected listed companies have to report to the SEC each year whether the minerals are necessary for the function or the manufacturing of their respective products. In all soldering processes,tin, as basic material, is used. Gold is a contact material of reed switches and connector pins. Furthermore,tantalum is primarily used for capacitors.
Caldaro is committed to the ethical sourcing of minerals used in our products. We are assessing whether our products contain Conflict Minerals from the Covered Countries. Our goal is to refrain from purchasing Conflict Minerals from the Covered Countries for our products except for those materials that are certified by an independent third party as “conflict free.” The global supply chain for these minerals, however, is complex, and tracing the minerals in our products to their source is a challenge. Caldaro is working diligently with our suppliers and other stakeholders to improve and systematically address the process for sourcing minerals that are “conflict-free.”