In 2010, the U.S. Congress raised concerns about the purchase of “conflict minerals” by U.S. companies. These minerals include tantalum (coltan), tungsten (wolframite), tin (cassiterite), and gold sourced from the Democratic Republic of the Congo (DRC) or neighboring countries, especially when originating from areas controlled by armed groups or used to finance conflict.

Section 1502 of the U.S. Dodd-Frank Act mandates that publicly traded companies in the U.S. disclose the presence of such minerals in their products or supply chains. Under the final rule issued by the SEC on August 22, 2012, companies that suspect their sourced minerals may come from the DRC or adjoining regions are required to conduct “due diligence” on the origins and chain of custody. This due diligence must be verified by an independent private-sector audit, and a Conflict Minerals Report must be filed.

At Capital Precious Metals LTD, we are committed to maintaining a conflict-free supply chain. We strictly decline any transaction where our due diligence process identifies or suspects that metals involved may be conflict minerals.