History Facts Principle

Principle IMOC

In the United States, the Dodd-Frank Wall Street Reform and Consumer Protection Act, was signed into law on July 21, 2010. Within one of the provisions of that new law, Congress set new requirements for public companies registered with the Securities and Exchange Commission (SEC) to report each year on their use of “Conflict Minerals” in their products. Conflict Minerals by definition are cassiterite (tin), wolframite (tungsten), coltan (tantalum), cobalt and gold, and are known to be mined in conditions of armed conflict and human rights abuses, notably in the Eastern provinces of the Democratic Republic of Congo (DRC) and surrounding countries. The profits from the sale of these minerals finance armed conflict and human rights atrocities.

Specifically, section 1502 of the new law imposes direct SEC reporting requirements on any Conflict Minerals which are “necessary to the functionality or production of {a company’s} products.” This law was finalized on August 22, 2012 and requires impacted companies to comply in 2013.

IMOC has launched a Conflict Minerals Compliance Program to drive compliance with this recent regulation. Accordingly, we have identified that your company provides products or materials that may contain the Conflict Minerals.