In response to violence and human rights violations in the mining of certain minerals from the “Conflict Region”, which is situated in the eastern portion of the Democratic Republic of the Congo (DRC) and surrounding countries, the U.S. Securities and Exchange Commission (SEC) has adopted rules to implement reporting and disclosure requirements related to “conflict minerals,” as directed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
The rules require manufacturers who file certain reports with the SEC to disclose whether the products they manufacture or contract to manufacture contain “conflict minerals” that are “necessary to the functionality or production” of those products.
The definition of “conflict minerals” refers to gold, as well as tin, tantalum, and tungsten, the derivatives of cassiterite, columbite-tantalite, and wolframite, regardless of where they are sourced, processed or sold. The U.S. Secretary of State may designate other minerals in the future.
Tenkay Electronics do not file reports with the SEC and are not subject to the SEC rules.
However we support the humanitarian goal of ending violent conflict in the DRC and surrounding countries and are mindful that our customers do have legal obligations with regard to Conflict Minerals.
Therefore we at Tenkay aim to ensure that our business activities do not contribute to conflict and are committed to the responsible sourcing of “conflict minerals” throughout our supply chain and to encourage our suppliers to do likewise with their suppliers.
Review due October 2022